San Francisco, 1 February 2006 - Calypso Technology, Inc., a leading provider of capital markets trading software solutions for global financial institutions, today announced that it had achieved a landmark growth year for the company, with a 55% increase in the total number of clients.
The new client signings include global and regional banks, hedge funds and asset managers. Calypso experienced high growth in the Americas while client numbers more than doubled in EMEA and Asia. The most substantial area of interest has been in front to back solutions for derivatives trading as well as Treasury processing solutions.
Charles Marston, Chairman and CEO of Calypso Technology, Inc. comments,
"2005 has been a great year in Calypso's development and we look forward to strengthening and building our client base and our team in the coming year. The industry has become more focused on rationalizing systems environments and this has driven increasing demand for our integrated software solutions. In 2006, we expect to see banks continue to invest in software technology in order to mitigate operational risk, address regulatory scrutiny, lower costs and facilitate the use of innovative new asset classes."