In addition to their enhanced flagship Software-as-a-Service (SaaS) offering, which delivers Calypso's award winning cross-asset, front-to-back trading platform on the Cloud, they have developed Cloud-based enterprise apps that simplify regulatory compliance with a minimal IT footprint. They also offer a Cloud-based utility solution, which enables large third party service providers to manage the back-office operations of multiple clients simultaneously.

"Our goal is to provide our clients with solutions that meet their unique needs and allow them to focus on their customers rather than on their IT infrastructure," said Corinne Grillet, Chief Customer Officer and Head of the Calypso Cloud Services Division. "Financial institutions are increasingly embracing Cloud strategies to improve agility, reduce costs, and accelerate compliance, and they need a partner they can trust."

"This is a major turning point for our clients and our firm," added Calypso CEO Pascal Xatart. "There is no doubt that the Cloud will play a progressively bigger role in capital markets technology, and we expect our new Cloud Services Division to lead the industry transformation. We have taken care to ensure our range of Cloud services is flexible enough to align with the IT roadmaps of institutions of all sizes, which we believe distinguishes us from other vendors in our space."

All of Calypso's applications run natively on the Oracle Cloud, but the firm also supports a do-it-yourself option for clients who prefer to deploy the platform using another Cloud provider. "We are thrilled to be partnering with Oracle as the backbone of our Cloud solution," said Jean-Marie Gatty, Director of Calypso Cloud Services. "They are among the giants of Silicon Valley, and they provide a complete, integrated, agile, security-focused Cloud solution at every layer of the technology stack. They also provide the scalability required to support the complete spectrum of Calypso clients, from the largest utility providers to smaller regional banks. Working with Oracle allows us to increase the quality, productivity, and reliability of our services."

"The Cloud represents a huge opportunity for our partner community," said Dan Miller, senior vice president, ISV, OEM and Java Sales, Oracle. "Calypso's commitment to innovation with Oracle Cloud and track record of quality execution can help ensure our mutual customers receive Cloud-enabled software solutions ready to meet critical business needs."

Calypso enables a wide range of sell-side, buy-side, and clearing firms to consolidate disparate businesses onto a single platform, standardize workflows, achieve economies of scale, and enable enterprise-wide transparency of trading and risk.