LONDON--(BUSINESS WIRE)--Excelian, Luxoft Financial Services, and Calypso Technology, a leading provider of capital markets software, have announced an agreement which formally recognises Excelian as an official Calypso partner.
This agreement enables Excelian to strategically partner with Calypso to deliver global system integration services around the Calypso platform. It provides a collaborative framework which directly benefits Excelian Calypso clients, as it takes the relationship a step further by means of shared best practices. In addition, consultants in our growing Calypso practice will gain access to Calypso University and will receive the latest training and certifications.
“Excelian has a proven track record of successful Calypso delivery, and this partnership will unlock new synergies between Excelian’s delivery capability and Calypso’s technical innovation. This partnership brings together a market leading Cross-Asset, Front-to-Back Calypso platform and our best practice vendor integration services to deliver value-add benefits to clients,” said Jeremy Ward, Chief Executive Officer of Excelian. “As a result, customers will benefit from accelerated implementations and upgrades, achieving quicker time-to-market, reduced operational risk, and increased efficiency.”
“This is an excellent opportunity for both firms,” commented Pascal Xatart, Calypso’s Chief Executive Officer. “As our global client base expands, Excelian will allow us to scale our business quickly and at a lower cost for both our customers and ourselves. They are an industry leading systems integrator, and Calypso is committed to providing them with the access they need to ensure our clients receive the highest level of service.”
Prakash Anthony, Head of Calypso for Excelian, added, "This is an exciting and important partnership for Excelian. In today's extremely challenging markets, clients are faced with managing a full range of assets, high volumes, complex strategies, and one-stop-processing, all whilst ensuring they comply with increased regulations and control costs. Because of these increasing demands, financial institutions must ensure that they are using the latest (Calypso) technology to meet these expectations. By cementing our relationship with Calypso, our clients will benefit from accelerated implementation times, lower overall costs, and a more rapid return on investment."
About Calypso Technology, Inc.
Calypso Technology, Inc. is a leading provider of cross-asset front-to-back technology solutions for financial markets. It provides customers with a single platform for consolidation, innovation and growth. With 19 years of experience delivering software and services for trading, risk management, processing and accounting, the Calypso solution helps bring simplicity to complex business and technology challenges. Calypso solutions address needs for the capital markets, investment management, clearing, collateral, treasury and liquidity. Clients can benefit from greater efficiency, improved risk management, better allocation of capital, faster regulatory compliance, quicker time to market and reduced Total Cost of Ownership. Calypso Technology offers solutions that improve reliability, adaptability and scalability.
Calypso is used by over 34,000 market professionals in over 60 countries, representing more than 200 financial institutions across Asia, Americas, Europe, Middle East and Africa. Calypso Technology has over 700 staff in 22 global offices, with headquarters in San Francisco, California. “Calypso” is a registered trademark of Calypso Technology Inc. in the United States, the European Union and other jurisdictions. Other parties’ trademarks or service marks are the property of their respective owners and should be treated as such. www.calypso.com
Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, acquired Excelian in February 2015 to advance and expand its value chain by offering financial services clients a full stack of services.
Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 30 dedicated delivery centres worldwide. It has over 11,000 employees across 36 offices in 19 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.
This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2015 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
All trademarks are recognized and are the property of their respective companies.