Calypso Technology, Inc., the standard for treasury and capital markets software, has entered into a global reseller agreement with SAP (SAP), a market leader in enterprise application software.
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.
Through this agreement, SAP customers can benefit from Calypso's platform, which integrates with SAP Advanced Server® Enterprise (SAP ASE) and complements SAP's financial services portfolio for capital markets, enabling consolidation, simplification and growth. The solutions allow customers to reduce the total number of systems in use, simplify their architecture, streamline processes and improve efficiency while lowering the total cost of ownership.
"This partnership unites best-in-class commercial banking and capital markets solutions to deliver outstanding benefits to clients," 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."
Calypso's platform integrates with SAP ASE, which is used by many capital markets firms globally to support mission-critical processing operations. As part of the agreement, customers will now be able to leverage the functional and technical strengths of solutions from Calypso and SAP to rapidly introduce new financial markets operating model innovation into their businesses.
"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."
Contributed | what does this mean?