Zwirn Hedge Fund

NEW YORK, NY and London and Hong Kong - (Marketwire - December 2, 2009) - Paladyne Systems, Inc., a leading provider of solutions for the global hedge fund industry, announced today that it has acquired Oakwood Financial Technologies, LLC ("Oakwood"), a software company providing loan management, administration and trading solutions for participants in the program loan and syndicated loan markets. This agreement extends the platform Paladyne technology with the introduction of credit Paladyne ® Master, a global technology banking and lending services.

"In response to growing demand for technology solutions to the lending market, Paladyne has published a complete office solution front to back for trade and administration of bank loans and complex portfolios structured side," says Sameer Shalaby, CEO Paladyne Systems. "Paladyne Credit Master ® provides innovative technology and a flexible loan market labor intensive that will significantly reduce the cost and operational risk for business and the support of this asset class. "

Paladyne Credit Master ®, which is based on technology Oakwood, offer full trading and operational support for the treatment of bank loans portfolio analysis of front office trade capture and input global transaction , settlement and closing reports of multi-currency accounting and P & L, cash management, compliance and storage of documents. Paladyne Credit Master ® can function as a standalone application or in combination with the range of products Paladyne a solution of multi-asset class complete. For enterprises using an accounting system, credit Paladyne Master ® has been closely integrated into both the Advent Geneva ® and SunGard VPM a„c, including installation of complete data and credit agreement, global trading, Pricing and detailed accounting records daily.

Oakwood was founded in 2007 by veteran technology fund coverage, John Rizzo, who spent 12 years developing the loan management and trading solutions to hedge funds, most recently as Technical Director of DB Zwirn . Oakwood solution was built using the industry standard technology and open architecture and accessible for easy retrieval, integration and flexible reporting. Paladyne Credit Master ® can be deployed as a local installation or remote access through Paladyne hosted technology platform.

"As the bank debt continues to grow as an investment strategy, fund managers require more technological solutions to effectively monitor their portfolios and operating costs," said John Rizzo, managing director of Financial Oakwood Technologies. "The combination of credit Paladyne Master ® products with other Paladyne offers customers a very efficient and cost effective management lifecycle negotiating bank loans, and all other asset classes. "

The team is now located in Oakwood office Paladyne New York, and John Rizzo has been named vice president of lending products and services. Contract terms were not disclosed.

About Paladyne Systems, Inc.

Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technologies and services to the global hedge fund industry, develops and distributes products designed to streamline hedge fund operations while giving companies the efficiency and cost savings throughout the organization. Paladyne offers a platform for fully-hosted technology known PALADYNE Suite ® that is capable of supporting the front-to back-office requirements of today's hedge funds fullest. The following PALADYNE ® is an integrated set of applications, including: negotiation and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and recovery, and automatic reconciliation. Paladyne was formed by the acquisition of its technology platform from a large US-b.