Paladyne Systems, LLC announced it has formed an alliance with Microsoft Corp. to service the Hedge Fund Industry with the Paladyne(TM) product line powered by the Microsoft software development platform.

Craig Saint-Amour, capital markets industry solutions director for Microsoft's U.S. Financial Services Group said, "Paladyne has caught the attention of Microsoft as one of the more comprehensive ASP offerings in the financial services industry and serves as an impressive case study on how hedge funds can leverage our technology platform in their businesses."

As a Microsoft Gold Certified Partner, Paladyne will have access to the latest technology offerings and related support services within Microsoft to further enhance its product offering to the hedge fund marketplace. Microsoft will benefit from Paladyne's expertise in serving the capital markets space, to enhance and target their technology solutions more aggressively to the hedge fund marketplace.