Calypso Completes Acquisition of Minority Stake in Sernova Financial

[kreslik.news]

Calypso Technology Inc., a provider of capital markets and investment management software, today acquired a minority stake in the capital of Sernova Financial, a provider of cloud-based clearing and post trade services.

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All proceeds from the transaction will be retained by Sernova Financial to expand the platform’s capabilities and further strengthen alignment with its investors. Terms of the transaction were not disclosed.

Sernova Financial’s cloud-based clearing service is already available on the Calypso platform, with business process services that re-create the shared infrastructure and service elements of traditional clearing ... (read more)