- Firm continues global expansion by closing two acquisitions and opening two new offices
- 34 companies go live with Calypso in 2009
Calypso Technology Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, today announced that the company experienced its ninth straight year of revenue growth in 2009. The firm made several milestone achievements: adding 21 new customers, increasing staff by 12%, opening new offices and closing two strategic acquisitions of specialized financial technology companies.
Calypso Technology continued to report steady increases in revenue and profit across the year. The firm opened two new offices in Hong Kong and Brighton, and expanded its presence in emerging markets such as South America and Russia.
In 2009, Calypso Technology acquired the Galapagos product, a portfolio optimization and management platform, and Green River Computing Services, a cash management and treasury solution provider. These strategic acquisitions expanded Calypso Technology’s capabilities in the front-office, and in treasury and cash management. Calypso Technology signed three new sales transactions for the Galapagos product with some of the largest participants in the market, including Tullett Prebon. Calypso Technology signed its first corporate treasury client in the first quarter and has seen continued interest across treasury and cash management in its support for multi-banking operations, fund administration and valuation services.
Calypso Technology added 21 new customers across the various business verticals, and the company now has more than 110 customers overall, many using the Calypso System across multiple business units and asset classes, including support for specialized financial services. Customers include eight of the top ten global banks, and there are now more than 18,000 users of the Calypso system. In total, 34 customers went live on the Calypso Platform, including both upgrades and new implementations.
Other benchmarks for the year include: releasing Version 11 of the Calypso Platform, the signing of the firm’s first Russian bank customer, and winning the Risk Ranking and Asia Risk Survey awards for best trading system for credit derivatives (front to back) and structured products respectively. Calypso Technology was also identified as a top five universal banking system in the annual IBS Sales League Table of vendors. In addition, Calypso Technology demonstrated innovation by spearheading the push for exchanges and clearinghouses to enable central clearing and integrated risk management of OTC derivatives.
Charles Marston, CEO of Calypso Technology, comments, “While challenging, the past 12 months proved to be an excellent year for Calypso Technology. Our continued growth by any benchmark proves the absolute and real value that the Calypso product suite brings to our customers – perhaps even more so in a down market, decision-makers realize the value and ROI of choosing to work with us. We are well-positioned to continue to grow through 2010 and into 2011.” Mr. Marston adds, “We are excited to maintain our unparalleled customer service in 2010, and to continue to enhance and develop our solutions to best serve our clients’ needs.”
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