CALYPSO TECHNOLOGY ACQUIRES GREEN RIVER COMPUTING SERVICES

Posted September 16, 2009

HONG KONG – Capital markets trading application suite provider Calypso Technology Inc. has acquired treasury software developer Green River Computing Services Inc., maker of the Orbit product, which will be integrated into Calypso’s platform.

“Calypso’s strong software muscle, global reputation and market penetration make it a perfect firm to leverage Orbit’s historical success in the treasury markets,” says Dan Farrand, founder and CEO of Green River, who will become Director, Cash and Treasury Management on Calypso’s Treasury Project Management Team. “With Calypso, we will be able to quickly and effectively scale our offering and serve a much larger portion of the market. Calypso’s 10-year track record of stability and growth will open the doors to many new clients.”

At its inception, the Calypso Trading and Risk Management Platform was designed for banks, asset managers and other capital market institutions. In recent years, however, the firm has experienced increasing demand from corporate treasurers for solutions that better coordinate their financial hedging and funding activities, provide cash visibility across the enterprise and help them analyze bank counterparty risk. With the Orbit integration, Calypso will be able to offer clients a cost-effective, cross-functional treasury management solution that provides cash management, trading and risk management functionality, all on one integrated Calypso platform.

“By combining Green River’s talent, products and expertise with Calypso’s already robust capital markets offering, we are making the key investments that will make us a leader in the growing corporate treasury market,” says Charles Marston, Chairman and CEO, Calypso Technology. The terms of the acquisition were not disclosed.