Quintillion and Paladyne Team up to Provide Leading Fund Administration and Technology Solutions to Hedge Funds.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & DUBLIN, Ireland -- Paladyne Systems, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control today announced that it has licensed its PALADYNE[TM] product suite to Quintillion One thousand times one quadrillion, which is 1, followed by 18 zeros, or 10 to the 18th power. See space/time. quintillion - 10^30 in Europe (this is called a nonillion in the United States and Canada). , a global provider of fund administration, middle- and back-office outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , and technology services to the hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" industry. Quintillion has integrated PALADYNE's front- and middle-office software with their existing portfolio accounting system, Advent Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. [R] to streamline operations and to significantly expand their technology and client service offering. Quintillion has implemented the PALADYNE ASP[TM] solution, a fully-hosted offering including software, hardware, database maintenance, IT and disaster recovery services. Paladyne's hosted platform may be accessed remotely from each of Quintillion's global office locations and is fully-integrated with Quintillion's local installation of Advent Geneva[R] in Dublin. By leveraging PALADYNE ASP, Quintillion may expand its service offering by providing direct client access to Paladyne's front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing See data warehouse. data warehousing - data warehouse , custom reporting, and performance analysis. "In order to realize our vision of streamlined middle- and back-office administration and technology services, we needed to complement our Advent Geneva[R] software with PALADYNE's integrated suite of products," said Joan Kehoe, Chief Executive Officer of Quintillion. "We plan to grow our business significantly and with the Paladyne partnership, we now have tremendous scalability and flexibility to expand the scope of our services and provide technology infrastructure directly to our customers." "We are excited to partner with experienced industry veterans that understand the challenges facing fund administrators today," said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. "We are confident that Quintillion has the right team, business model, and investor support to execute on their vision of becoming a leading global fund administrator. We are excited that our product suite is an integral part of Quintillion's infrastructure enabling them to service hedge funds of any size and complexity, from start-up funds to multi-strategy global institutions," he said. Paladyne and Quintillion are working together to integrate their product offerings and expect to have clients in production by year-end. About Quintillion Quintillion (www.quintillion.ie) opened in 2006 as an independently operated fund administration company based in Dublin's IFSC IFSC Irish Financial Services Centre IFSC International Federation of Surgical Colleges (Switzerland) IFSC Indian Financial System Code IFSC International Fuzzy Systems Conference IFSC Information Field Size Integrated Circuit Card . Quintillion was founded by a number of industry veterans to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the administration industry with world class service and leading edge technology solutions. About Paladyne Systems Paladyne Systems LLC, (www.paladynesys.com) a leading solutions provider for the hedge fund industry, develops and distributes technology designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform know as the PALADYNE[TM] suite which is capable of supporting the front- to back-office requirements of today's most comprehensive hedge funds. The PALADYNE[TM] suite is an integrated set of applications including: order management, portfolio management, portfolio accounting, global security master, analytics toolset, comprehensive portfolio pricing, custom reporting, and customer relationship management. 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[TM] -- provides electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. , order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking. * Paladyne Analytics Master[TM] -- provides portfolio analytics, data aggregation, and custom reporting tools. * Paladyne Security Master[TM] -- provides a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. terms and conditions repository and distribution engine with real-time updates and corporate action alerts. * Paladyne Price Master[TM] -- provides automated collection, storage, and analysis of prices and market data from any third-party sources. * Paladyne Client Master[TM] -- provides complete client relationship management including website integration and reporting. * Advent Geneva[R] -- provides complete portfolio accounting solution including general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. reporting, performance measurement, and portfolio reporting as part of Paladyne's hosted solution. |
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