Press Release 03 Dec 2014

December 3, 2014 – Dublin – 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 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 customer’s budget constraints.

Calypso is currently recruiting professionals for a range of areas such as business, 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 at developing tools which automate its solution delivery services, thus reducing associated costs and project risks. Recruitment listing can be found at www.calypso.com/ireland 

Minister Bruton, who met Calypso executives on a recent investment mission to 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.”

“We are very excited to be working with IDA Ireland and the Irish government in launching this strategic initiative.  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.”

Keith O’Brien, SVP-Professional Services at Calypso

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.”

About Calypso Technology, Inc.
Calypso Technology, Inc. is a leading provider of software solutions for the financial markets. It provides customers with a cross-asset, front-to-back scalable, single platform for consolidation, innovation and growth. With 17 years experience delivering software and services for trading, risk management, processing and accounting, the Calypso solution helps bring simplicity to complex business and technology challenges. Calypso solutions address needs for the capital markets, investment management, clearing, collateral, treasury and liquidity.  Clients can benefit from greater efficiency, improved risk management, better allocation of capital, faster regulatory compliance, faster time to market and reduced Total Cost of Ownership (TCO).

Calypso is used by over 34,000 market professionals in over 60 countries representing more than 180 financial institutions across Asia, Americas, Europe, Middle East and Africa. Calypso Technology has over 700 staff in 20 global offices, with headquarters in San Francisco, California. “Calypso” is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions. www.calypso.com

Other parties’ trademarks or service marks are the property of their respective owners and should be treated as such.

Recruitment http://www2.calypso.com/ireland/

Media Contacts –
Calypso Technology - Cognito EMEA, Charlie Morrow, +44 (0)20 7438 1100, calypso@cognitomedia.com
IDA Ireland – Kevin Sammon, Media and Public Relations Manager +353876188564
DJEI – Conor Quinn, Press Advisor to Minister Bruton +353873743783

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