NEW YORK, NY--(Marketwire - October 27, 2009) - Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund Industry, today announced that Sean O'Mara has joined the company as Vice President of Alliances, based in the New York office. In his new role, Mr. O'Mara will be responsible for expanding and maintaining Paladyne's Alliance Network, an integrated group of "best-of-breed" third-party products offered through Paladyne's hosted front-to-back office technology platform.

"Sean is uniquely qualified to grow and extend Paladyne's alliances program and distribution network," said Sameer Shalaby, CEO of Paladyne Systems. "With an extensive background in prime brokerage, Sean has many years of experience working with hedge funds and 3rd-party vendors to define and implement complex infrastructure solutions."

"Paladyne has built an extensive network of industry-leading partners to provide hedge fund managers an integrated front-to-back solution," said Steven O'Hanlon, President and COO of NumeriX. "We look forward to extending our partnership with Paladyne under Sean's leadership."

Prior to joining Paladyne Systems, Mr. O'Mara served as Manager of Third Party and Client Connectivity Services at UBS Prime Brokerage. Before UBS, he worked for Lehman Brothers Prime Brokerage, where he managed Transition Services, and held various roles at Deutsche Bank Prime Brokerage. On the vendor side, Mr. O'Mara served as a Senior Consultant at Advent. He began his career as a fixed income trader at New York Life Insurance Company.

"The Paladyne suite of products is a unique and extremely compelling offering for hedge funds and service providers. The integration of proprietary applications with best-of-breed partner products provides clients the flexibility they need when faced with critical infrastructure decisions," said Mr. O'Mara. "The availability of these products on an application service provider (ASP), or hosted basis enables clients to effectively reduce costs and allocate resources more effectively."

About Paladyne Systems

Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund industry, develops and distributes products designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE® suite which is capable of supporting the front-to-back office requirements of today's most comprehensive hedge funds. The PALADYNE® suite is an integrated set of applications including: trading and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and valuation, and automated reconciliation. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.

The PALADYNE suite includes the following modules:

--  Paladyne Portfolio Master® -- provides electronic trading, order
    management and allocation, portfolio management, real-time P&L, and
    strategy-based performance tracking.
--  Paladyne Analytics Master® -- provides portfolio analytics, data
    aggregation, and custom reporting tools.
--  Paladyne Security Master® -- provides a centralized terms and
    conditions repository and distribution engine with real-time updates and
    corporate action alerts.
--  Paladyne Price Master® -- provides automated collection, storage,
    and time series analysis of prices and market data from any third-party
    sources.
    

Contact Information: Paladyne Systems - US Sales Scott Alderson Phone: 646-214-4306 Email: salderson@paladyne.com Paladyne Systems - International Sales Jonathan Cross Phone: +44 (207) 153 4958 Email: jcross@paladyne.com Paladyne Systems - Media Lisa Jane O'Neil Phone: 212-786-7629 or 917-361-8303 Email: lisajane@ljoassociates.com