ABU DHABI, United Arab Emirates, Oct. 18, 2017 /PRNewswire/ -- Calypso Technology Inc., a leading provider of software solutions for the financial markets, announced today that Invest AD, Abu Dhabi Investment Company, has selected the Calypso Integrated Front-to-Back solution to support its Treasury and Asset Management businesses.
By implementing Calypso, Invest AD will be replacing the existing investment solution, a legacy back office solution and several other in-house developed applications. "With Calypso, we have an end-to-end solution that can streamline our investment process, improve our STP and benefit from a unique functional coverage to facilitate the growth of our treasury and asset management business on one platform," asserts Ms. Fatema Jumaa Al Junaibi, Acting Head of Operations. "Following an extensive selection process, Calypso stood out as the most comprehensive solution for our needs. In addition, Calypso is a robust platform that we can leverage for more functionality in the future."
"We are delighted to be working with such a well-respected company in the Middle East and to help deliver operational efficiency, improve investment performance and reduce the total cost of ownership," states Edmond Tehini, Managing Director, Middle East.
About Invest AD
Established in 1977, Invest AD is a leading Abu Dhabi-based financial services company, focused on tapping the growth markets of the Middle East, focusing primarily on the GCC. Invest AD offers investors access to listed equities and fixed income opportunities in these regions, blending international best practice with intimate knowledge of the markets, networks and dynamics of each country.
About Calypso Technology, Inc.
Calypso Technology, Inc. is a Cloud-enabled provider of cross-asset front-to-back solutions for financial markets. Its award-winning software improves reliability, adaptability, and scalability across several verticals, including capital markets, investment management, central banking, clearing, treasury & liquidity, and collateral management. For the past 20 years, Calypso has delivered innovative solutions for trading, risk management, processing, and accounting, bringing simplicity to complex challenges.
With over 35,000 users in over 60 countries, Calypso is on the cutting-edge of emerging technologies such as big data, Blockchain, and AI. "Calypso" is a registered trademark of Calypso Technology, Inc. in the U.S., EU and other jurisdictions. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
