Paladyne Systems, LLC has licensed its PALADYNE product suite to Epitome Global Services, a provider of financial services to investment banks, securities firms, and asset managers.
Epitome has combined offshore resources with financial and quantitative research, middle and back-office operations and accounting support services, and traditional fund administration. Epitome has licensed the complete PALADYNE suite of front-, middle, and back-office products which includes the ASP version of Advent Geneva, a global portfolio accounting and investor reporting system.
Paladyne’s hosted platform may be accessed remotely by each of Epitome’s office locations and will serve as a centralised global services platform. The PALADYNE ASP platform also enables Epitome to 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, custom reporting and performance analysis.
“We selected Paladyne due to the breadth of its product offering, state of the art technology, and highly scaleable ASP platform,” says Raju Panjwani, the Founder and CEO of Epitome Global Services. “Paladyne’s ASP solution enables us to be up and running in production in a very short timeframe with minimal up-front investment. We anticipate significant growth as well as consolidation in the hedge fund and mutual fund administration, and we are confident that Paladyne will scale and support our growth plans.”
“The Epitome value proposition is extremely compelling for hedge funds and we are excited to be their technology partner,” adds Sameer Shalaby, the Chief Executive Officer of Paladyne Systems. “Hedge funds are clearly moving more and more toward outsourcing solutions, and Epitome is well-positioned to capture significant market share by leveraging their knowledgeable, lower cost India- and North Carolina-based resources in combination with our comprehensive product and services offering.”