SAN FRANCISCO, March 22, 2021 / PRNewswire / – Thoma Bravo, a leading private equity investment firm focused on software and technology-enabled services, announced today that it has entered into an agreement to acquire Calypso Technology, Inc. (“Calypso”) from an international private company Equity group has met Bridgepoint and a global growth investor Summit partner. The transaction, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2021. Financial terms of the transaction were not disclosed.
Founded in 1997 and headquartered in San Francisco With offices around the world, Calypso is a cloud-enabled provider of cross-system front-to-back solutions for the financial markets with over 35,000 users in over 60 countries. The award-winning software improves reliability, adaptability and scalability in multiple industries including capital markets, asset management, central banking, clearing, treasury, liquidity and collateral. Calypso uses innovative cloud microservices and blockchain-based solutions based on distributed ledger technology (DLT) to reduce trading costs and improve time-to-value.
“We are delighted to be starting the next chapter in our history with Thoma Bravo and are grateful to Bridgepoint and Summit Partners for their support and partnership. Our acquisition by Thoma Bravo is further confirmation of the unique value Calypso has for its customers, employees and investors and a direct reflection of the hard work, collaboration and strong results that the team has achieved, “said Didier Bouillard, Chief Executive Officer of Calypso, “Thoma Bravo has a proven track record of supporting its portfolio companies by investing in growth initiatives and making strategic acquisitions to add long-term value and we look forward to continuing to provide innovative solutions to the financial markets while accelerating our growth.”
“For more than a decade, we have admired Calypso’s position as a leader in the global capital markets software space with a highly differentiated and modern, integrated front-to-back technology platform for a variety of asset classes,” said Holden Spaht, managing partner at Thoma Bravo. “Calypso’s technology enables its world-class customer base to navigate the highly complex and regulated capital markets with greater transparency and lower costs. We look forward to partnering with Didier and his team in order to further expand their great dynamism, supported by more investment and innovation, and an insane focus on customer success. “
Brian Jaffee, a Principal at Thoma Bravo, added, “We are delighted to be working with such a high quality franchise and management team to drive continued growth both organically and through M&A. Calypso’s financial services end market is huge and well positioned to capitalize on the strong trend of technology outsourcing to world-class platform providers, particularly as the move to the cloud accelerates. We look forward to supporting the company in this next chapter of exciting growth. “
“We are proud to have worked with Calypso and its management team to achieve the significant business transformation that led to this extraordinary result. Alongside a number of operational initiatives, the transition of the business to a cloud model combined with best-in-class customer service was undoubtedly the key to accelerating growth. With this transformation now complete and showing very robust growth during the COVID pandemic, the company is well positioned for the next phase of its evolution under new ownership, “said David Nicault, Partner and Global Head of Digital, Technology & Media at Bridgepoint .
“As the regulatory and competitive environment becomes more complex, we’ve seen financial institutions shift their capital market technology spending from legacy, in-house developed platforms to modern, cloud-based software solutions,” said Scott Collins, Managing Director at Summit Partners. “Calypso has helped financial institutions in developing and emerging countries on their modernization journey. We are grateful for the partnership between the Calypso and Bridgepoint teams and look forward to seeing the company’s continued impact in the financial services sector.”
Kirkland & Ellis, LLP is serving as legal advisor to Thoma Bravo. Evercore and Jefferies are serving as financial advisor and Latham & Watkins serving as legal advisor to Calypso, Bridgepoint and Summit Partners.
About Calypso Technology, Inc.
Calypso Technology, Inc. is a cloud-enabled provider of cross-facility front-to-back solutions and managed services for financial markets with over 40,000 users in over 60 countries. The award-winning software improves reliability, adaptability and scalability in multiple industries including capital markets, asset management, central banking, clearing, treasury, liquidity and collateral. Calypso is a pioneer in innovative technologies (native cloud technology, AI, big data) that are rethinking capital markets.
“Calypso” is a registered trademark of Calypso Technology, Inc. in the US, EU and other jurisdictions. Other parties’ trademarks or service marks are owned by their respective owners.
About Thoma Bravo
Thoma Bravo is a leading private equity company with a focus on software and technology-based services. With more than $ 76 billion in assets under management from as December 31, 2020, Thoma Bravo works with a company’s management team to implement operational best practices, invest in growth initiatives, and make value-adding acquisitions designed to accelerate sales and earnings with the goal of adding value to the company. The company has offices in San Francisco and Chicago, with planned expansion Miami in the second half of 2021. Further information is available at thomabravo.com.
Bridgepoint is a large international management group for alternative wealth funds that focuses on the midmarket and provides private equity and private debt lending solutions to the midmarket. We focus on acquiring or investing in companies with strong market positions and earnings growth potential that can add significant value through expansion and operational improvement. With assets under management of over 26 billion euros, we invest internationally in six main sectors – business services, consumer goods, financial services, healthcare, medical technology & pharmaceuticals, manufacturing & industry, and digital, technology & media – via a platform of offices in Europe, We and China.
Bridgepoint has in. operated on North America since 2016 with a team of 15 investment professionals in new York and San Francisco. In addition to identifying new investment opportunities, the team manages existing Bridgepoint investments and acts as a gateway for Bridgepoint’s European portfolio companies, for which the US market is a significant source of income. See www.bridgepoint.eu
Via Summit partners
Founded in 1984, Summit Partners is a global alternative investment company that currently has more than more $ 23 billion in capital for growth stocks, fixed income stocks, and public stocks. Summit invests in growth sectors of the economy and has invested in more than 500 companies in technology, healthcare, and other growth industries. Summit has offices in North America and Europe and invests in companies around the world. For more information, see www.summitpartners.com or follow on LinkedIn.
in the the United States of America, Summit Partners is an SEC registered investment advisor. By doing United Kingdom, this document is issued by Summit Partners LLP, a company authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited partnership based in England and Wales with the registered number OC388179 and with headquarters in Hannover Square 11-12, London, W1S 1JJ, UK. The sole purpose of this document is to provide information about Summit Partners’ potential funding opportunities for potential portfolio companies.
SOURCE Thoma Bravo