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Calypso Technology Partners with CPqD to Expand Distribution of Calypso Products and Services in Latin America

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 it has entered into a Value Added Reseller (VAR) agreement with Fundação Centro de Pesquisa e Desenvolvimento em Telecomunicações (CPqD) to enhance the Calypso product and services offering in Latin America. Under the arrangement, CPqD will become Calypso Technology’s partner in Brazil, expanding on Calypso’s current marketing and distribution capabilities in the region.

The relationship with CPqD is an important part of Calypso Technology’s continued expansion in the Latin American market. Last year, Calypso Technology entered into an alliance arrangement with CPQi, an integration services company, to deliver implementation and related services across the continent.

The Calypso Trading and Risk Management Platform is the industry’s first integrated application suite designed from the outset to be a front- to back-office, cross-asset platform for derivative and treasury products. Global financial institutions, including banks and asset management firms, use Calypso to improve financial innovation and capitalize on ever-changing market opportunities. Calypso provides an open, modern platform that adapts to customer needs today and in the future.

“While we have an established customer base in Brazil, our partnership with CPqD enables us to further penetrate the Brazilian market,” states Carlos Patiño, Director, Business Development - Latin America, who is leading Calypso Technology’s commercial initiatives in that region.

“We are delighted to partner with CPqD. Their deep technological, financial and legislative knowledge, coupled with an extensive network in capital markets, will significantly accelerate our business development efforts in Brazil,” states Charles Marston, Chairman and CEO of Calypso Technology.

“We’re very excited to partner with Calypso Technology. Their leading global software for managing derivatives and treasury products will complement the CPqD portfolio in the financial sector,” adds Claudio Violato, CPqD Technology Vice-President. “Today, the Brazilian capital market is one of the fastest growing capital market regions in the world, and its participants require advanced trading and risk management systems such as the Calypso system to keep pace with the dramatic change and growth.”