Calypso Technology Inc., a leading provider of cloud-enabled capital markets and investment management software, together with Visigon, a Nordics consultancy firm with deep Capital Markets experience, announced that EKF, Denmark’s Export Credit Agency, selected the Calypso Treasury Solution via an extensive EU public tender process to provide a complete straight-through-processing solution.
EKF issued an EU tender earlier in 2020, looking for a cloud-enabled, cross-asset, front to back and functionally rich treasury solution with shorter time to market. Working with firms deeply embedded in the Nordics Capital Markets fabric, strong functionality, a willingness to continue investing in the product and a commitment to local infrastructure were key for Calypso and Visigon winning the EKF mandate.
Calypso’s integrated cross asset treasury management solution will provide EKF with the agility to respond to internal and external pressures for improved liquidity management. Using Calypso Treasury Solution will enable EKF to optimize balance sheet, automate workflows and realize operational efficiencies.
With offices in Denmark and Sweden, Visigon is a partner of choice for local and regional Nordic Calypso clients. Visigon will deploy and manage the EKF Calypso platform, with a strong local footprint and a reduced time to market. By offering a wide range of services, Visigon ensures sustainable solutions through consulting, strategic planning, pre- and post-implementation Calypso support.
This announcement further strengthens the partnership between Calypso & Visigon, in a view to continue expanding the Calypso footprint across the Nordics region.
Maria Linkhorst, Head of Treasury at EKF commented: "We assigned the contract to the Calypso - Visigon partnership thanks to their experience and support, after a diligent and extensive review of the market. We have been impressed by their expertise and their ability to deliver implementation efficiently, which will be crucial for our ambitious timelines.”
Gustav Ekeblad, CEO, Visigon added: “We are delighted to have been selected by EKF, the Danish Export Credit Agency, after a fair and extensive review of the market. We have built significant experience in deploying, operating, and managing Calypso platforms since we became a Calypso partner in 2012. Delivering local world class service with the best available global technology defines well how we see ourselves helping to shape the Nordics market for the years to come.”
Mayank Shah, Chief Strategy Officer, Calypso Technology: “This is another great win for Calypso and adds to our growing list of clients in the Nordics region. The combination of Calypso’s award-winning treasury platform and Visigon’s deep experience in implementation and project management will ensure a swift and successful implementation.”