2021: Thoma Bravo bought Calypso for $ 3.7 billion from Jack prabha's blog

In late March 2021, investment firm Thoma Bravo announced it had reached an agreement to acquire financial software maker Calypso Technology from Bridgepoint, an international fund management group, for $ 3.7 billion. The deal, which requires regulatory approval, is expected to be completed in second quarter of 2021.

Calypso Technology CEO Didier Bouillard noted that Thoma Bravo has a proven track record of supporting its portfolio companies by investing in growth-enabling initiatives as well as strategic acquisitions to deliver long-term value. Thus, the company is pleased to continue to provide innovative solutions for the financial markets, while accelerating business development.

Thoma Bravo acquired Calypso for $ 3.7 billion

Thoma Bravo Managing Partner Holden Spaht said:

"

Calypso's technology enables its world-class customer base to target highly complex and regulated capital markets with greater transparency and lower costs. We look forward to partnering with Didier Bouillard and his team to maintain their momentum, supported by increased investment and innovation, and a strong commitment to customer success.

"

As part of this transaction, Kirkland & Ellis is acting as legal advisor to Thoma Bravo. Evercore and Jefferies act as financial advisors and Latham & Watkins act as legal advisers to Calypso and Bridgepoint. [1] [2]

2013

Calypso Technology is a global financial software and services company delivering integrated cross-asset solutions for trading, risk, processing and control.

We serve a broad spectrum of customers including sell-side financial institutions such as banks and prime brokers, buy-side firms such as asset managers, hedge funds, insurers and corporates, as well as treasury services providers including exchanges, clearers and service consortiums.

We are the industry leader in modern, open, technology standards, and functional depth and breadth. The Calypso Trading and Risk Management Platform is the industry's first integrated application suite designed from outset to be true cross-asset, front-to-back office covering a complete range of derivative and treasury products.

Calypso provides superior financial markets capability joined with unprecedented visibility and transparency into the business. Through greater efficiency and better time-to-value, we enable clients to improve profitability, control costs, and pursue new markets and growth opportunities.

Know more: what is IT job?

Founded in 1997, Calypso brought together the best capital markets knowledge from London, Paris and New York with the best technology knowledge from Silicon Valley.

Today - with 125+ top tier customers (including 8 of the top 10 global banks and some of the world's largest investment managers), 25,000+ users, 700+ employees and 19 offices worldwide - Calypso is well recognized for its award-winning product innovations and strong customer service culture. Our team now includes the best and brightest in capital markets and technology from geographies all around the globe.