San Francisco, 31 March 2005 – Calypso Technology , Inc., a leading provider of cross-asset front to back trading and trade processing software systems, announces today that HVB has gone live with Calypso’s award-winning back office software system for FX processing.
HVB was looking to introduce an automated system into the back office for FX, MM and FX options to further improve quality of processing as well as STP rates and considered several options to achieve this. By implementing Calypso across these business areas, HVB can benefit from the efficiencies of a single system, built on modern technology. The Calypso system provides full STP for all FX, MM and FX options instruments and enables HVB to reduce costs in the back office, while retaining the necessary scalability to handle growth in volumes as it occurs.
Frank Elbe, Senior VP Operations, within the Financial Markets Service Bank, a subsidiary of the HVB Group, commented: “With the implementation of FX processing as a first step we could immediately benefit from the flexibility the system offers. For example, the introduction of kick-off events for payments in accordance with clearing cut-off times reduced the number of investigations already and will also help us to further decrease our running costs by optimizing our outbound messages. We are looking forward to the next two phases of the project being completed.”
“We are pleased to be working with HVB on this project and are delighted that they are already benefiting from the implementation in FX processing. We hope to replicate this in the next two phases of the project,” said Charles Marston, CEO of Calypso Technology, Inc. “A streamlined back office system across FX, MM and FX options operations can provide significant cost savings while improving efficiency. When this is developed using technology that is extensible and has the necessary flexibility, banks can be sure that the system will continue to support the ongoing evolution in the FX business in the future.”
Thursday, March 31, 2005
Tuesday, March 22, 2005
Calypso Increases Capacity Globally To Cater For Client Demand
San Francisco, 22 March 2005 – Calypso Technology, Inc. (Calypso) a leading provider of cross-asset front to back trading and trade processing software systems, announced today that it has expanded its presence globally to accommodate recent hires and in anticipation of further recruitment plans for 2005. Recent new client wins and a strong outlook for 2005 have fuelled growth in all regions, and the company is increasing capacity in response to the growing number of customers.
Calypso's San Francisco headquarters has more than doubled in capacity in order to accommodate the increase in headcount. In addition, Calypso is expanding in each of its key geographic markets:
Calypso's San Francisco headquarters has more than doubled in capacity in order to accommodate the increase in headcount. In addition, Calypso is expanding in each of its key geographic markets:
- In the Americas, Calypso's New York office has expanded with new hires and relocated to mid-town Manhattan, close to several key clients.
- In addition to growing and relocating its Sydney office, Calypso has also opened an office in Singapore as part of ongoing investment in the Asia-Pacific region. As a leading financial centre in Asia, Singapore was chosen for its proximity to the leading banks and as a strong location for recruiting industry talent. Calypso has had offices in Sydney since 2001 and Tokyo since 2002.
- Europe has seen continued growth with the expansion of the London office. Calypso has had a presence in Europe since 1998 and also has offices in Paris and Frankfurt.
Charles Marston, Chairman and CEO of Calypso Technology, Inc. said: "2004 was another profitable year for Calypso. The strong demand for our product translates to an increased need for Calypso's technical expertise. In order to support our steadily growing customer base, and to respond to the opportunities in the markets we serve, we have been actively recruiting talented professionals with experience in a variety of product areas with a special emphasis on pre-sales and post sales client support. The growth we are experiencing is exciting for us and we look forward to continued success in all regions.
Thursday, March 17, 2005
Calypso Appoints Peoplesoft Veteran Ron Codd To Board of Directors
San Francisco, 17 March 2005 – Calypso Technology, Inc., a leading provider of cross-asset front-to-back trading solutions for the capital markets industry, today announced the addition of Ronald E. F. Codd to the company's board of directors. As Calypso's first independent director, Mr. Codd will serve in the audit committee chairmanship and as the board's financial expert.
Mr. Codd previously served at PeopleSoft, Inc. as CFO, Senior Vice President of Finance and Administration, and Secretary of the company. During his 7-year tenure at PeopleSoft, the company grew its annual revenues from $15 million to $1.5 billion and its employment base from 75 to approximately 7,000, a 10,000% growth rate. Mr. Codd marshalled PeopleSoft's successful Initial Public Offering in 1992.
Following his tenure at PeopleSoft, Mr. Codd assumed the role of President, CEO and Secretary at spin-out software firm Momentum Business Applications, Inc. which was later repurchased by PeopleSoft. Including his tenure at PeopleSoft, Mr. Codd has over 23 years of financial and administrative experience with rapid-growth technology companies, including MIPS Computer Systems, Inc., Wyse Technology and Tandem Computers, Inc. Mr. Codd currently operates as an independent executive consultant for various high technology companies and is on the board of directors of four other software companies, two of which are publicly held.
"Calypso is strategically positioned and financially healthy. Its highly differentiated software products address the urgent needs of capital market firms today, and the company has an excellent opportunity for continued growth," said Mr. Codd. "I look forward to working with Calypso's management team to prepare Calypso for its next stage of growth as we continue to enhance shareholder value."
"Having played key roles with highly successful technology concerns, Ron is a highly sought director candidate, and we are very pleased to welcome him to our board," said Charles Marston, Chairman and CEO of Calypso Technology, Inc. "Ron's financial guidance and strategic insight will be invaluable."
Mr. Codd previously served at PeopleSoft, Inc. as CFO, Senior Vice President of Finance and Administration, and Secretary of the company. During his 7-year tenure at PeopleSoft, the company grew its annual revenues from $15 million to $1.5 billion and its employment base from 75 to approximately 7,000, a 10,000% growth rate. Mr. Codd marshalled PeopleSoft's successful Initial Public Offering in 1992.
Following his tenure at PeopleSoft, Mr. Codd assumed the role of President, CEO and Secretary at spin-out software firm Momentum Business Applications, Inc. which was later repurchased by PeopleSoft. Including his tenure at PeopleSoft, Mr. Codd has over 23 years of financial and administrative experience with rapid-growth technology companies, including MIPS Computer Systems, Inc., Wyse Technology and Tandem Computers, Inc. Mr. Codd currently operates as an independent executive consultant for various high technology companies and is on the board of directors of four other software companies, two of which are publicly held.
"Calypso is strategically positioned and financially healthy. Its highly differentiated software products address the urgent needs of capital market firms today, and the company has an excellent opportunity for continued growth," said Mr. Codd. "I look forward to working with Calypso's management team to prepare Calypso for its next stage of growth as we continue to enhance shareholder value."
"Having played key roles with highly successful technology concerns, Ron is a highly sought director candidate, and we are very pleased to welcome him to our board," said Charles Marston, Chairman and CEO of Calypso Technology, Inc. "Ron's financial guidance and strategic insight will be invaluable."
Monday, March 14, 2005
Calypso Builds German Presence With New Appointment
San Francisco, 14 March 2005 – Calypso Technology, Inc., a leading provider of cross-asset front to back trading and trade processing software systems, today announced the appointment of Anoop Sonpar as Regional Sales Manager, Germany and Austria.
Based in Frankfurt, Sonpar will be responsible for driving sales of Calypso's leading-edge technology in the German and Austrian markets. Sonpar joins from Front Capital Systems, where he served as account manager and was also responsible for business development in Germany. Prior to joining Front, Sonpar spent over five years building Cognotec's German business.
"Calypso's best of breed cross-asset solutions are perfectly suited to the rapidly changing German banking landscape," said Sonpar. "I am confident that we will succeed in bringing a compelling message to the market and a number of German banks will recognise the benefits of Calypso's modern architecture to power their franchises. I am convinced that our leadership position and domain expertise in derivatives, particularly credit, will make us the partner of choice in Germany."
Kishore Bopardikar, President of Calypso Technology, Inc. stated: "The appointment of Anoop Sonpar to spearhead sales and business development in the region will allow us to grow our existing customer base in Germany. Anoop's strong track record of business development in the region as well as his experience in senior relationship management for financial software providers is an important asset for Calypso. It is also a further sign of our commitment to the German market.
Based in Frankfurt, Sonpar will be responsible for driving sales of Calypso's leading-edge technology in the German and Austrian markets. Sonpar joins from Front Capital Systems, where he served as account manager and was also responsible for business development in Germany. Prior to joining Front, Sonpar spent over five years building Cognotec's German business.
"Calypso's best of breed cross-asset solutions are perfectly suited to the rapidly changing German banking landscape," said Sonpar. "I am confident that we will succeed in bringing a compelling message to the market and a number of German banks will recognise the benefits of Calypso's modern architecture to power their franchises. I am convinced that our leadership position and domain expertise in derivatives, particularly credit, will make us the partner of choice in Germany."
Kishore Bopardikar, President of Calypso Technology, Inc. stated: "The appointment of Anoop Sonpar to spearhead sales and business development in the region will allow us to grow our existing customer base in Germany. Anoop's strong track record of business development in the region as well as his experience in senior relationship management for financial software providers is an important asset for Calypso. It is also a further sign of our commitment to the German market.
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