Charles Marston, Calypso
"This partnership unites best-in-class commercial banking and capital markets solutions to deliver outstanding benefits to clients."
San Francisco - Calypso Technology has entered into a global reseller agreement with SAP. Through this agreement, SAP will resell the Calypso cross-asset, front-to-back treasury and capital markets platform as two solution extensions: the SAP Capital Markets Trading solution by Calypso and the SAP Capital Markets Treasury solution by Calypso.
"This partnership unites best-in-class commercial banking and capital markets solutions to deliver outstanding benefits to clients," SAP said Charles Marston, chairman and CEO of Calypso Technology. "As a result, customers can benefit from greater automation provided by proven technology, which can lead to increased efficiencies and reduced TCO."
"Through this new partnership, SAP and Calypso will leverage each other's strengths in the areas of capital markets and bank treasury to deliver a full range of market-leading solutions for customers globally," said Ross Wainwright, global head, Financial Services, SAP. "SAP already has a large base of customers using SAP solutions for capital markets, including SAP ASE, core platforms for integrated risk and finance, and the SAP HANA platform. Complementing these SAP solutions with Calypso's applications, we see some exciting new possibilities for our customers to transform their businesses. The synergies between the Calypso platform and SAP offerings will help provide a game-changing solution set for customers in capital markets, central banks and bank treasury to simplify their system landscapes, reduce costs and complexity, while increasing business agility."