Paladyne Systems Partners with RiskMetrics Group to Provide Risk Reports to Hedge Funds

NEW YORK--(Business Wire)--
Paladyne Systems, Inc., a leading provider of technology and services to the
global hedge fund industry, today announced a strategic partnership with
RiskMetrics Group, a leading provider of risk management and corporate
governance services to the global financial community, to provide intra-day,
daily and monthly risk reports to hedge funds and service providers.

Paladyne has tightly integrated RiskMetrics` RiskManager, the industry standard
tool for analyzing, measuring and monitoring risk, with Paladyne Analytics
Master, a data aggregation warehouse, custom reporting, and reconciliation tool.
Both firms` clients now have a two-way connection enabling them to seamlessly
communicate position data to RiskManager and receive back a full-set of risk
analysis reports within Paladyne Analytics Master.

Additionally, hedge funds that use Paladyne Analytics Master as a firm-wide
custom reporting solution not only have access to RiskMetrics` risk analytics
and investor reporting platform, but also accounting, position, P&L, and
investor information. The partnership will enable RiskMetrics` to easily provide
its hedge fund clients` access to Paladyne Analytics Master.

"Our hedge fund clients now have the ability to effectively manage their
investment risk on a timely basis using RiskMetrics` analytics combined with
Paladyne," said Sameer Shalaby, Chief Executive Officer of Paladyne Systems.
"This partnership adds a critical risk component to our integrated front-to-back
office product suite and adds significant operational value to our clients."

"Many of our hedge fund clients are collaborating with us to further develop
market standards in independent risk management, transparency, and investor
communication to ensure their solutions are optimized for robust position
modeling with minimal operational overhead," said Brian Schmid, Head of
RiskMetrics` Alternative Investments Business. "This strategic partnership will
deliver on both fronts to mutual clients."

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 U.S.-based multi-strategy hedge fund.

About RiskMetrics Group

RiskMetrics Group is a leading provider of risk management and corporate
governance products and services to participants in the global financial
markets. By bringing transparency, expertise and access to the financial
markets, RiskMetrics Group helps investors better understand and manage the
risks associated with their financial holdings. Our solutions address a broad
spectrum of risk across our clients' financial assets. Headquartered in New York
with 20 global offices, RiskMetrics Group services some of the most prestigious
institutions and corporations worldwide. For more information, please visit
www.riskmetrics.com.

for Paladyne Systems, Inc.
Lisa Jane O`Neill, 212-786-7629 or 917-361-8303
lisajane@ljoassociates.com
or
RiskMetrics Group
Sarah Cohn, 212-354-4643
sarah.cohn@riskmetrics.com

Copyright Business Wire 2009