Calypso Technology partners with Kmerit to set up a Center of Excellence in China
Calypso Technology, Inc., the global standard for treasury and capital markets software, announced today its partnership with Kmerit, an established Chinese system reseller and implementation service provider, furthering Calypso’s rapid expansion in China. To support the growing demand of clients in China, Calypso and Kmerit are expected to set up Calypso Capital Markets Center of Excellence in Suzhou, China, which focuses on providing Calypso skills and capabilities for implementation and first-line support.
“Together with Kmerit, we are able to localize our solution for the rapidly evolving Chinese market and help our customers improve their speed of innovation, reduce the time to deliver value and lower their Total Cost of Ownership (TCO). ”
— Boon Huat Lee, Managing Director of APAC, Calypso Technology
As part of the alliance agreement, Kmerit will setup a Calypso team of 170+ developers, sales representatives and consultants who will collaboratively support and manage lead generation, sales, implementation, customer support as well as co-development. ”This alliance brings together two leaders in Capital Markets industry: Calypso’s world class treasury and capital market solution and Kmerit’s large bench of experienced developers and consultants” states Boon Huat Lee, Calypso Managing Director of APAC.
The two companies are also planning to develop localization and other China-specific features to provide Chinese banking sector with capital markets technology that will help them grow and transform their existing and emerging business needs both globally and within China. “Together with Kmerit, we are able to localize our solution for the rapidly evolving Chinese market and help our customers improve their speed of innovation, reduce the time to deliver value and lower their Total Cost of Ownership (TCO)”, Mr. Lee continues.
“This alliance provides Chinese financial institutions with a new generation of treasury and capital market solution to bridge many gaps in the industry, and to meet the increasing local demand for Innovation, Security, and Compliance.” says Xi Rao, Managing Director of Kmerit, “We want to create a completely new user experience for our clients by combining Kmerit’s rich client engagement capability and implementation experience with Calypso’s world class solution.”
Calypso Technology provides a comprehensive cross-asset front-to-back solution for trading, risk management, processing and accounting on a single platform to over 200 firms around the world. Calypso Technology has rapidly expanded in China in recent years, especially in Chinese Security Firms Markets, where four out of the five largest security firms in China are Calypso’s clients.
Kmerit (Suzhou) Information Science & Technology Co., Ltd, founded in 2013 and listed on NEEQ (838201), is a nationally recognized high-tech software company specialized in providing solutions and services in treasury & capital markets, investment management, and risk management for more than 70 financial institutions, including commercial & policy banks, city & rural commercial banks, fund & asset management companies, security firms, and other domestic and foreign financial institutions.