Genpact Partners with Calypso Technology, Inc. to Provide Software Implementations for Capital Markets
NEW YORK, Sept. 18, 2012 /PRNewswire/ — Genpact Limited (NYSE: G), a global leader in business process management and technology services, today announced that it has signed a master partnership agreement with Calypso Technology, Inc., the leading global capital markets software platform provider.
Under the terms of the agreement, Genpact’s Enterprise Applications Services (EAS) group will be able to provide a range of support services including implementations and upgrades for the Calypso Trading and Risk Management application software suite utilized by major financial institutions globally. Genpact and Calypso Technology will help capital markets clients increase the efficiency in their trading and risk management operations, including helping to reduce their total cost of ownership (TCO) and implementation and upgrade cycle times, as well as efficiently manage ongoing maintenance and support requirements.
“As global business and services partners, we are combining Calypso’s leading capital markets technology platform and Genpact’s strong global capital markets domain and managed services competency, which will help our clients increase the effectiveness of their key trading and risk operations,” said Sandeep Sahai, senior vice president, IT Solutions and Capital Markets, Genpact. “With financial institutions needing to watch costs while ensuring that the technology supporting their trading and risk processes is running at optimal levels, this relationship will allow them to save money and time on technology resources so that they can focus on their core business.”
The Genpact team, with its extensive IT consulting experience in capital markets, will work closely with Calypso Professional Services on a joint go-to-market strategy for consulting and implementation engagements. Genpact will also collaborate with Calypso’s product teams for training and comprehensive understanding of future product strategy.
“An important component of Calypso’s value proposition is to contain costs for our clients while still maintaining quality. Our relationship with Genpact allows us to provide capital markets clients with additional options for faster, more efficient and lower cost services around Calypso products, while delivering a consistently high level of service quality,” said Pieter Hamman, vice president, Business Development, responsible for Partners and Alliances at Calypso Technology.
About Calypso Technology, Inc.
Calypso Technology offers financial institutions and corporate treasuries an integrated trading, risk and processing software platform which provides a solid, modern foundation for future business growth. Over 130 customers, including many of the world’s largest banks, license the Calypso system to better manage positions and risk globally across assets.
The Calypso Trading and Risk Management Platform is the industry’s first application software suite built from the ground up to be a front to back office, cross-asset system for derivatives and treasury products. With 17 global offices and over 600 employees, Calypso has been recognized for its award-winning innovations and strong customer service culture. “Calypso” is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions.
Genpact Limited (NYSE: G), a global leader in business process management and technology services, leverages the power of smarter processes, smarter analytics and smarter technology to help its clients drive intelligence across their enterprise. Genpact’s Smart Enterprise Processes (SEP(SM)) framework, its unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Genpact’s Smart Decision Services deliver valuable business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, Genpact also offers a wide range of technology services. Driven by a passion for process innovation and operational excellence built on its Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, the company’s 58,500+ professionals around the globe deliver services to its more than 600 clients from a network of 74 delivery centers across 20 countries supporting more than 30 languages. For more information, visit www.genpact.com. Follow Genpact on Twitter, Facebook and LinkedIn.
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SOURCE Genpact Limited