Monday, September 30, 2002

Capco and Calypso Announce Global Technology Training Program

San Francisco, 30 September 2002 – As Sibos 2002 commences, Capco, the global services and technology solutions provider focused exclusively on the financial services industry, and Calypso Technology, vendor of cross-asset trading and processing systems based on the industry's most modern platform, announce the availability of the first Calypso Technology certified education program.

The Calypso system delivers a full suite of trading and processing functions that include trade structuring, settlements, and accounting. It is based on a multi-tier architecture and implemented entirely in Java in order to take advantage of the rapid development and flexible connectivity to enterprise resources afforded by the Java platform.

With Capco's profound expertise in the financial services industry and the increased demand for Calypso solutions as the industry embraces straight-through processing (STP), the two companies decided to join forces to meet this growing demand for training for users of Calypso products.

Yannick Bollati, Managing Principal, Capco says: "The training programme which we have developed is designed specifically for business analysts and technology specialists involved in Calypso projects. By the end of the course, participants will be able to confidently implement the Calypso system in order to maximise the benefits it will bring to achieving STP within the business environment."

"Calypso Technology is delighted to work with Capco on this global training programme", says Charles Marston, CEO of Calypso Technology. "The significant increase in organisations wanting to use our products has obviously resulted in an equally significant increase in the demand for training so that organisations can reap the utmost benefit from our offering. We see the training programme as an integral part of the Calypso value added offering."

The training includes several product modules. It is composed of a functional and a technical stream, offering a mixture of theoretical principles, concepts, and a series of exercises.

Attendees gain functional insight into the scope and possibilities of the Calypso system by learning how to (i) set up static data, (ii) process trades using the Calypso workstation, and (iii) translate back-office business processes into Calypso workflow configurations.

The technical stream specifically focuses on the fundamental architecture principles upon which Calypso is built and the development of extensions in the Java language in order to get an understanding of the various possibilities of extensibility such as building interfaces or extending Calypso server functionality.

About Capco:
Capco (http://www.capco.com/) is the first services and technology solutions provider exclusively focused on forming the future of finance. We dramatically improve clients' financial and operational performance, risk profile, and return on IT investments by seamlessly integrating business strategy and process with technology implementation.

The firm has integrated capabilities in thought leadership, business strategy, technology services, software components, insourcing, and ventures. These are augmented through an alliance network - providing comprehensive, scalable solutions and reduced project risk. We have 650 employees in the major financial centres around the globe and focus on capital markets, private client services, asset management, and banking clients.