BPO major Genpact has said it has signed a master partnership agreement withCalypso Technology to implement the latter's capital markets software platform for global clients. No financial details were disclosed. Under the terms of the agreement, Genpact's Enterprise Applications Services (EAS) group will be able to provide a range of support services including implementations and upgrades for the Calypso Trading and Risk Management application software suite utilised by major financial institutions globally, Genpact said in a statement.
Genpact and Calypso Technology will help capital markets clients increase the efficiency in their trading and risk management operations, including reduction of total cost of ownership (TCO) and implementation and upgrade cycle times, it said.
"As global business and services partners, we are combining Calypso's leading capital markets technology platform and Genpact's strong global capital markets domain and managed services competency, which will help our clients increase the effectiveness of their key trading and risk operations," Genpact Senior VP (IT Solutions and Capital Markets) Sandeep Sahai said.
Calypso has 130 customers, including many of the world's largest banks. It has 17 global offices and over 600 employees.
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