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Calypso Technology sees rapid growth for its Cloud Services Offering in 2017

Calypso Technology Inc., a leading provider of innovative cross-asset capital markets and investment management software, announced today that it has seen a rapid increase in demand for Calypso Cloud Services.

The Calypso Cloud Services division, which launched last year, has seen impressive client demand for its services, accounting for 60% of all new name client bookings in 2017.

The division added a wide range of new clients, including major banks in the US and EMEA, notably a multi-trillion dollar asset manager and a global financial services provider in respective regions.

In addition to Calypso's enhanced flagship Software-as-a-Service (SaaS) offering, which delivers award-winning cross-asset, front-to-back trading platform on the Cloud, Calypso is also developing Cloud-based enterprise solutions and microservices that manage Collateral, Liquidity, Clearing, Post-Trade Services and simplify regulatory compliance with a minimal IT footprint. They also offer a Cloud-based utility solution, which enables large third party service providers to manage the back office operations of multiple clients simultaneously. The Calypso Cloud Services division is seeing a rising interest in Clearing Utility Service Offerings through its strategic partnerships.

"We are thankful to our customers for their support and confidence in our Cloud services," said Calypso's Chief Customer Officer Corinne Grillet. "Financial institutions are increasingly embracing Cloud strategies to reduce costs and accelerate regulatory compliance, and we are pleased to be a trusted partner on innovative Capital Markets Cloud and Microservices Solutions".

"Calypso plans to continue aggressive investments in Cloud Microservices and Blockchain solutions to streamline IT operations," said Calypso CTO Tej Sidhu. "There is no doubt financial services will increasingly adopt cloud, and we want to lead and accelerate the capital markets transformation through our Cloud services offerings".

"The Cloud represents a huge opportunity for our partner community," said Inderjeet Singh, Executive Vice President, ISV, OEM and Java, Oracle. "Calypso's commitment to innovation with Oracle Cloud and track record of quality execution can help ensure our mutual customers receive secure, scalable, reliable and cost effective solutions."

Calypso enables a wide range of banks, investment managers, and clearing firms to consolidate disparate businesses onto a single platform, standardize workflows, achieve economies of scale, and enable enterprise-wide transparency of trading and risk.