Pamplona Capital Management Selects Calypso SaaS for New Credit Fund

Pamplona Capital Management, a London-based specialist investment manager, has selected Calypso Technology's Calypso SaaS (Software-as-a-Service) to support its newly launched credit fund. Pamplona will use Calypso SaaS as a front-to-back office solution for credit derivatives including leveraged loans, corporate and asset-backed credit.

Pamplona launched the Pamplona Credit Opportunity Fund (PCO) in September 2008. With time to market as a key business driver, the firm was seeking a robust system that could support complex credit trading strategies and be implemented quickly. After looking at a number of systems, Pamplona selected Calypso SaaS as a turnkey solution, according to a press release.

"We see great opportunities in the credit markets and needed a solution that would both support our current complex trading strategies and scale with us as we grow," says Yves Leysen, Partner at Pamplona, in a statement. "With PCO launching in September, we chose Calypso because we recognized it as the market leader in credit. The SaaS version of Calypso was perfect for us because we can leverage both the sophistication of the Calypso platform, as well as the short time-to-market and resource savings of a hosted solution."

Pamplona also leveraged Calypso Fast-Track for ease of implementation. Calypso Fast-Track is a product that provides a speed-to-market application environment designed to reduce implementation time and cost with pre-configured market data and interfaces, while providing full documentation, methodology and training.

"We're very excited to be announcing the first client to go live on Calypso SaaS," says Charles Marston, CEO of Calypso. "We are committed to helping firms like Pamplona get funds up and running quickly and inexpensively so they can take advantage of market opportunities." Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio