"We are committed to offering Calypso to the Nordic market and our dedication has resulted in continuous success in the region. The time is right to invest further in the Nordic area by having a local subsidiary and office to better support our five clients across the Nordic countries," comments Charles Marston, CEO and founder of Calypso Technology. The first Calypso Nordic client was signed in 2007.

Additional clients quickly followed suit, several of which have already gone live with the Calypso system.

Mikael Lindh, Sales Manager Nordic Markets for Calypso Technology, adds: "With ten years of development invested in the Calypso application, we are well positioned to serve the diverse trading and risk management requirements of the Nordic capital markets. The system's flexibility caters for large financial institutions' trading flow products as well as sophisticated niche players within the investment management and hedge fund sector that typically trade on offering a bespoke customer service. The market is showing a strong interest in structured products linked to new innovative indices. Risk diversification among investors is one important driver behind this trend."

Entry in the Nordic region was also facilitated by the launch of Calypso Fast-Track, a software product designed to shorten the time to market by offering new clients a pre-configured, 'out-of-the-box' front-to-back office application. By providing market-tested, industry standard configuration, tools and documentation, Calypso Fast-Track enables clients to focus on defining specific regional requirements, thus reducing overall implementation time.

The Calypso Fast-Track product is particularly attractive to organizations that do not have a large IT department. "Clients can take advantage of Calypso's best practice expertise built up in collaboration with its customers. Its pre-configured plug and play characteristic is very atttractive to smaller Nordic niche players that wish to see a quick ROI," states Lindh.

Calypso has also strengthened its capabilities in the region with local implementation partners which have undergone Calypso's partner certification program. This ensures that the partner can provide qualified personnel who are fully trained on the Calypso application.
"Working with partners ensures that we can combine the Calypso skill set with in-depth local market knowledge to respond efficiently to market-specific requirements", comments Gerard Rafie, Vice President Marketing at Calypso Technology.