LAKE SUCCESS, N.Y., April 30, 2013 /PRNewswire/ -- Paladyne Systems®, Inc., a Broadridge Company (NYSE:BR), and leading provider of next generation investment management solutions, and Numerix, LLC., the leading provider of pricing and risk analytics for derivative products, have announced an agreement whereby Paladyne has secured the rights to the source code, development rights, and unlimited distribution rights for the Numerix Portfolio Risk product. Paladyne has hired the Toronto- and Hong Kong-based development teams that built and supports the product. This represents a major enhancement to the Paladyne investment management platform and to Broadridge's global brokerage offering. (Logo: http://photos.prnewswire.com/prnh/20111207/NY17351LOGO ) Paladyne has completed the integration of Numerix Portfolio Risk into their front-office solutions. OMS, portfolio accounting, risk management and hosting are now provided in a single platform. The platform-agnostic risk solution is designed for virtually all asset classes and is integrated with the reference data, data warehouse and reporting solutions. This enhances both the value of the Paladyne product set for the buy-side and broker-dealers, and also enhances the value of the Numerix Portfolio product for its clients. This solution, branded as Risk Master, is an enterprise or departmental solution for asset managers, fund administrators and prime brokers, banks and broker-dealers that helps them to focus on alpha generation rather than vendor integration. "The integration of Numerix's market-leading risk product into our solution will provide clients with unique value," said Sameer Shalaby, President, Paladyne Systems. "Data quality is one of the most important factors in the effectiveness of risk decisions. The combination of order management, portfolio accounting and front-office risk management with reference data provides a complete solution that will lower costs and help clients focus on growth." "To support this product introduction, we have entered into a long-term strategic partnership with Numerix to use their CrossAsset library as our primary source of analytics. This gives us a strong foundation on which to develop and invest in our solutions, and to continue to meet the needs of our most demanding clients," added Mr. Shalaby.