San Francisco, 21 September 2005 – Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced the expansion of its Board with the appointment of three additional independent outside directors. Frank Fanzilli, former CIO of Credit Suisse First Boston, Barry Sabloff, former EVP and Head of The International Group at Bank One, and Paul Sallaberry, previously EVP of Worldwide Field Operations at Veritas Software, have all been added to Calypso’s Board of Directors. The company has spent the past twelve months in a selection process for its Board of Directors, and the recent appointments come as a result of this effort. Ronald Codd, former CFO of PeopleSoft, was appointed to the Calypso Board as an independent director earlier this year.
Frank Fanzilli brings to Calypso his extensive experience of managing the IT organization of a top Wall Street institution. During his 17 year tenure at Credit Suisse First Boston, Mr. Fanzilli consolidated and integrated the bank’s extensive IT resources, managing 4,000 IT professionals and $1.5bn in spending. He also brings valuable public and private company board experience, which includes serving on the Board of Directors of PeopleSoft during its acquisition by Oracle.
Barry Sabloff has held several executive and board positions in the financial services industry and brings important insight into the capital markets industry to Calypso’s Board. During his 30 year career with First Chicago and Bank One, Mr. Sabloff held a number of leadership roles including Head of Global Risk Management, which included responsibility for the front office of global derivatives and foreign exchange trading and the back office and systems for capital markets.
Paul Sallaberry joins the Board as the sales and professional services expert. Previously, he was the EVP of Field Operations at Veritas Software, prior to its acquisition by Symantec. Mr. Sallaberry was responsible for defining strategy and managing operational activity that generated revenue in excess of $1.5bn. Under his leadership, the firm consistently met profit goals for the corporation’s global multi-tier sales distribution and professional services operations.
The expansion of the new board is part of the strategic plan to prepare the company for the next level of growth.
“We view our Board of Directors not just as a vehicle for sound corporate governance, but as a source of critical and strategic business insight,” said Charles Marston, Chairman and CEO of Calypso Technology, Inc. “As we become a larger firm and continue our growth path, we believe Calypso shareholders will benefit from our director’s wisdom and business experience. Our new board members bring a deep understanding of how to build and scale an organization to deliver consistent growth results year after year, which is based principally on our clients gaining real value from effectively using our software technology in their business.”
Calypso’s clients include Citigroup, Bear Stearns, HSBC, ING, Wachovia, Wells Fargo, SunTrust, BNP Paribas, Société Générale, Calyon, Rabobank, ING, HVB Group, Dresdner Bank and the Royal Bank of Scotland.
Wednesday, September 21, 2005
Wednesday, September 7, 2005
Calypso Launches CalypsoML
Sibos - Copenhagen, 07 September 2005 – Calypso Technology, Inc., a leading provider of cross-asset front to back trading and trade processing software solutions, today announced the launch of CalypsoML, which enables customers to interchange data in XML format. CalypsoML is a component of the comprehensive suite of Calypso solutions spanning all capital markets products.
With increasing importance for any solution to fit well within a bank's enterprise environment, CalypsoML is focused on ensuring that the Calypso application communicates effectively with all existing systems. By streamlining the import and export of data using XML, CalypsoML actively reduces the cost of implementations by eliminating the need to write code for integration, ultimately reducing the time taken to implement Calypso solutions.
"Each client's relationship with Calypso extends beyond the solution itself," stated Kishore Bopardikar, Founder and President of Calypso Technology, Inc. "We always seek ways to further enhance the total service and software we provide, and improvements to the Calypso implementation process are a critical part of this endeavor. CalypsoML was designed to allow our clients to better manage their associated project costs and to streamline the process of integrating Calypso solutions within their own infrastructure."
With increasing importance for any solution to fit well within a bank's enterprise environment, CalypsoML is focused on ensuring that the Calypso application communicates effectively with all existing systems. By streamlining the import and export of data using XML, CalypsoML actively reduces the cost of implementations by eliminating the need to write code for integration, ultimately reducing the time taken to implement Calypso solutions.
"Each client's relationship with Calypso extends beyond the solution itself," stated Kishore Bopardikar, Founder and President of Calypso Technology, Inc. "We always seek ways to further enhance the total service and software we provide, and improvements to the Calypso implementation process are a critical part of this endeavor. CalypsoML was designed to allow our clients to better manage their associated project costs and to streamline the process of integrating Calypso solutions within their own infrastructure."
Tuesday, September 6, 2005
Rabobank Goes Live on Calypso for FX Processing
Sibos - Copenhagen, 06 September 2005 – Calypso Technology, Inc., a leading provider of cross-asset front to back trading and trade processing software systems, today announced that Rabobank is now live on Calypso for FX processing.
Rabobank needed a replacement for its legacy system that would provide the desired level of automation and support the growth of the FX business going forward. It was essential that the chosen solution allowed Rabobank to maintain a high level of service to clients while streamlining its back office processes.
The bank went through a selection process which saw Calypso judged against other vendors in evaluations and workshops. Calypso was selected as it met all expectations for the automation of commoditised FX products while assisting Rabobank in managing its client base. The back office module in Calypso includes exception management functionality – which allows Rabobank to view breaks in the automated process and take the necessary steps to repair them – bringing users additional controls in the back office.
René Steenhart, Head of Operations at Rabobank, commented: "Providing exceptional service to our clients has always been a priority within Rabobank, and at the same time we wanted to achieve a more streamlined process in our back office. Calypso has enabled us to meet these twin goals."
Charles Marston, Chairman and CEO of Calypso Technology, Inc. said: "Reducing costs is a key area of focus in the back office, however it is essential that this is achieved without impacting the level of service that discerning clients have come to expect. We are delighted to have worked with Rabobank to assist them in this area."
About Rabobank
The Rabobank Group is the largest financial services provider in the Dutch market. Owing to its co-operative foundation, the Rabobank Group's primary drive is to act in its clients' interest. Its core objective is to create and increase customer value. The Rabobank Group is the world's most creditworthy privately owned financial institution. It has over nine million private and business customers and is market leader in the Netherlands in virtually every area of financial services. The Rabobank Group consists of 275 independent local Rabobanks in the Netherlands, all of them co-operatives with a combined total of 1.5 million members. The Rabobank Group also encompasses internationally well known specialised entities such as Rabobank International (corporate banking, investment banking and international retail banking), De Lage Landen (leasing and vendor finance), Gilde Investment (venture capital), Interpolis (insurance) and Robeco (asset management). Its international network encompasses 244 offices in 37 countries. For further information, please visit http://www.rabobank.com/content/.
Rabobank needed a replacement for its legacy system that would provide the desired level of automation and support the growth of the FX business going forward. It was essential that the chosen solution allowed Rabobank to maintain a high level of service to clients while streamlining its back office processes.
The bank went through a selection process which saw Calypso judged against other vendors in evaluations and workshops. Calypso was selected as it met all expectations for the automation of commoditised FX products while assisting Rabobank in managing its client base. The back office module in Calypso includes exception management functionality – which allows Rabobank to view breaks in the automated process and take the necessary steps to repair them – bringing users additional controls in the back office.
René Steenhart, Head of Operations at Rabobank, commented: "Providing exceptional service to our clients has always been a priority within Rabobank, and at the same time we wanted to achieve a more streamlined process in our back office. Calypso has enabled us to meet these twin goals."
Charles Marston, Chairman and CEO of Calypso Technology, Inc. said: "Reducing costs is a key area of focus in the back office, however it is essential that this is achieved without impacting the level of service that discerning clients have come to expect. We are delighted to have worked with Rabobank to assist them in this area."
About Rabobank
The Rabobank Group is the largest financial services provider in the Dutch market. Owing to its co-operative foundation, the Rabobank Group's primary drive is to act in its clients' interest. Its core objective is to create and increase customer value. The Rabobank Group is the world's most creditworthy privately owned financial institution. It has over nine million private and business customers and is market leader in the Netherlands in virtually every area of financial services. The Rabobank Group consists of 275 independent local Rabobanks in the Netherlands, all of them co-operatives with a combined total of 1.5 million members. The Rabobank Group also encompasses internationally well known specialised entities such as Rabobank International (corporate banking, investment banking and international retail banking), De Lage Landen (leasing and vendor finance), Gilde Investment (venture capital), Interpolis (insurance) and Robeco (asset management). Its international network encompasses 244 offices in 37 countries. For further information, please visit http://www.rabobank.com/content/.
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