Paladyne Systems Leverages Equinix to Extend Global Reach of Its Application Service Provider Solution
April 27 2010 - 8:00AM
Business Wire
Equinix, Inc. (Nasdaq: EQIX), a provider of global data center
services, and Paladyne Systems, Inc., a leading solutions provider
to the global hedge fund industry, today announced the deployment
of Paladyne’s technology platform into Equinix’s LD4 International
Business Exchange™ (IBX® data center, London, United Kingdom.
Building on its solid footprint in the U.S. with Equinix, Paladyne
is extending its Paladyne ASP™ (Application Service Provider)
offering into the London metro region to better serve a growing
European client base. The recent deployment represents Paladyne’s
expansion into a third key metro area leveraging Equinix data
center services.
Paladyne provides a hosted ASP technology platform capable of
supporting the front-, middle- and back-office requirements of the
global hedge fund community. The Paladyne ASP solution offers a
fully managed IT service, 24x7 technical and product support,
hardware, product upgrades and quality assurance, mirrored (“hot
site”) disaster recovery, all at a low total cost of ownership.
Paladyne offers its hedge fund technology platform to the business
ecosystem of financial companies operating at Equinix data centers
throughout the world.
“Our clients rely on the Paladyne ASP offering to run their
mission-critical business applications, making it imperative for us
to select the right data center operator to support our global
client base,” said Christian Robertson, COO of Paladyne Systems.
“We are confident that we can continue to support our
rapidly-growing business by leveraging Equinix’s global services
delivery platform that spans the globe.”
Paladyne will also have immediate access to the ecosystem of
financial trading companies operating at Equinix, including
execution venues, buy- and sell-side firms, market data providers,
technology providers and financial networks, that locate operations
within Equinix data centers in order to benefit from a
high-performance, low latency connectivity infrastructure.
“We are delighted to work with one of the leading hedge fund
solutions providers in the marketplace,” said John Knuff, General
Manager of Equinix Financial Services. “We are pleased to enable
Paladyne to be ‘across the aisle’ from some of the top exchanges
that reside within our Financial Services community, providing them
the ability to optimize the performance of their ASP solution.”
About Equinix In The Global Financial Markets
Equinix provides a neutral meeting place for the world’s leading
financial market participants including trading venues, buy and
sell side firms, market data providers, technology providers and
financial networks; that locate servers and infrastructure within
Equinix data centers in order to support highly reliable, low
latency connectivity for a broad range of market participants.
Learn more at: http://financial.equinix.com.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center
services that ensure the vitality of the information-driven world.
Global enterprises, content and financial companies, and network
service providers rely upon Equinix’s insight and expertise to
protect and connect their most valued information
assets. Equinix operates 51 International Business Exchange™
(IBX®) and partner data centers across 19 markets in North America,
Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the
investor relations page of its website located at
www.equinix.com/investors. We encourage you to check Equinix’s
website regularly for the most up-to-date information.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com), a leading provider of
technology and services to the global hedge fund community,
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 and their service providers. The
PALADYNE® suite is an integrated set of applications including:
trading and order management, portfolio management, loan
management, portfolio accounting, global security master, risk
management, data warehousing and custom reporting, pricing and
valuation, and automated reconciliation.
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, the challenges of acquiring, operating and
constructing IBX centers and developing, deploying and delivering
Equinix services; unanticipated costs or difficulties relating to
the integration of companies we have acquired or will acquire into
Equinix; a failure to receive significant revenue from customers in
recently built out or acquired data centers; failure to complete
any financing arrangements contemplated from time to time;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from our key customers; and other risks described from time to time
in Equinix's filings with the Securities and Exchange Commission.
In particular, see Equinix's recent quarterly and annual reports
filed with the Securities and Exchange Commission, copies of which
are available upon request from Equinix. Equinix does not assume
any obligation to update the forward-looking information contained
in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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