Minister Bruton today announced that Calypso Technology, a leading provider of capital markets software solutions, is to establish a Managed Services Centre in Dublin with plans to create up to 150 skilled roles.
This investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The new Managed Services Centre will be the basis of a new professional service model that Calypso will offer for its customers globally. The entity will enhance Calypso’s ability to offer comprehensive end-to-end implementation services while meeting its customers’ budget constraints.
Calypso is currently recruiting professionals for a range of areas such as business and technical analysis, quality assurance and application support. Through the Managed Services Centre, Calypso will significantly augment its implementation services and offer pre-implementation, testing, post implementation and support. In addition, the centre will be focused on developing tools which automate its solution delivery services, thus reducing associated costs and project risks.
Minister Bruton, who met Calypso executives on a recent investment mission to the USA said “Calypso is a global leader in financial services technology, and today’s announcement that it is establishing a managed services centre in Dublin with the creation of 150 new jobs is a great boost. Financial services is a key sector which we have targeted as part of our Action Plan for Jobs, and we have put in place a range of measures to support jobs growth in this area, including most recently the appointment of a Minister of State with specific responsibility in this area. I wish Calypso every success with this operation and look forward to working with them in the future”.
“We are very excited to be working with IDA Ireland and the Irish government in launching this strategic initiative,” states Keith O’Brien, SVP-Professional Services at Calypso. “Through this Centre, Calypso will proactively address a major challenge of global financial institutions face: to reduce the total cost of ownership of their trading, risk and settlement solutions – from deployment to their day-to-day operations.”
Martin Shanahan, CEO IDA Ireland said “The presence of Calypso in Dublin adds to the growing cluster of financial technology companies here and enhances Ireland’s position in winning knowledge-led investment. The company’s leading market position as a global capital markets solutions provider will also attract business from financial institutions in the EU and nearby regions to Ireland. IDA looks forward to working with Calypso as it continues to develop its operations in Dublin.”