Calypso Technology Inc., a leading provider of cloud-enabled, cross-asset, front-to-back solutions and managed services for financial markets, has strengthened its commitment to the Colombian market, signing a partnership agreement with Colombia-based, financial services-focussed consultants Sophos Solutions.
The additional local market knowledge brought by this collaboration ensures that the needs of a rapidly growing client base in Colombia are reflected in the localization of the Calypso global, front-to-back capital markets and treasury solutions.
Founded in 2007, Sophos Solutions has been a subsidiary company of the Bolsa de Valores de Colombia (Colombian Stock Exchange) since 2015. It has an in-depth knowledge of the financial markets and the region-specific market, product rules and regulations. Headquartered in Colombia, Sophos Solutions has offices in Chile, Panama, Mexico and the United States and is also running projects in Ecuador, Peru and Argentina.
Says Mauricio Mosseri, President and CEO, Sophos Solutions:
"We have long-standing relationships with some of the largest banks and financial services firms in the region, providing firm-wide solutions across the digital transformation spectrum, from strategy and innovation through implementation and execution to support and maintenance services.
We deliver our services from robust Centres of Excellence for key technologies and methodologies, supporting project lifecycles with best in class knowledge, expertise and a growing number of success stories.”
Adds Raúl Zarate, Global Vice President Commercial, Sophos Solutions:
"We recognize the need to offer Calypso-related capabilities as part of our current services portfolio, as we move into new markets and work with new customers. This is a strategic alliance for us as it reflects the evolution and maturity of the LATAM market and the consolidation of the US market."
Says Mayank Shah, Chief of Strategy and Alliances, Calypso:
“Following recent client wins and with further growth expected in 2020, we are increasing our investment in Colombia. Calypso has a long history of successfully serving Latin America and our partners play a key role. Sophos Solutions’ in-depth knowledge of financial services, combined with their experience with Calypso clients, will help to further accelerate our growth in Latin America. We are delighted to formalize our relationship with Sophos Solutions.”
Calypso’s client community continues to grow by double-digits every year in the Americas, where the company now has close to 50 top tier customers and some 8,000 users across nine countries.