Calypso Technology has signed a global agreement for SAP to resell Calypso cross-asset, front-to-back treasury and capital markets platform as two solution extensions to the SAP application set: the SAP Capital Markets Trading solution by Calypso and the SAP Capital Markets Treasury solution by Calypso.

“This partnership unites best-in-class commercial banking and capital markets solutions to deliver outstanding benefits to clients,” said Charles Marston, chairman and CEO of Calypso Technology. “As a result, customers can benefit from greater automation provided by proven technology, which can lead to increased efficiencies and reduced TCO.”

Calypso’s platform integrates with SAP Advanced ServerEnterprise (SAP ASE) and complements SAP’s financial services portfolio for capital markets. The combined solutions allow customers to reduce the total number of systems in use, simplify their architecture, streamline processes and improve efficiency while lowering the total cost of ownership.

“SAP already has a large base of customers using SAP solutions for capital markets, including SAP ASE, core platforms for integrated risk and finance, and the SAP HANA platform,” said Ross Wainwright, global head for financial services at SAP.

The Calypso platform is used by more than 200 financial firms and 34,000 capital markets professionals and the company is a leader in the Gartner Magic Quadrant for trading platforms and for the sixth-year running. Calypso is also the number one selling treasury and capital markets solution in the 2015 IBS Sales League Table.