Capital markets software provider Calypso is to be acquired by European private equity fund Bridgepoint and global growth equity investor Summit Partners.
Established in 1997, Calypso offers a suite of cross-asset trading and risk management systems used by over 34,000 market professionals in more than 60 countries. The company has over 700 employees and operates a network of 22 offices in 19 countries.
Pascal Xatart, president of Calypso, says: "Today's announcement sees the arrival of a new investor base with the financial strength and shared vision to support our growth ambitions. Our goal now is to become the landmark financial software provider serving institutions with complex treasury and capital markets needs."
Calypso has been on and off the market for some time. In 2012 the company held talks to sell off the business to private equity suitors for up to $900 million, but the discussions broke down.
Details of the current, debt-based, transaction have not been disclosed.