Calypso Technology Inc., a leading provider of capital markets and investment management software, has announced its plans regarding rapid expansion of its workforce in 2017.

The company said that it booked 20 new clients in 2016 and added a wide range of new customers, including banks, insurance companies, and asset managers, closing its largest quarter ever and exceeding last year's record. The new clients came from all over the world, developed and emerging markets alike.

In order to support this growth and maintain momentum in the forthcoming year, Calypso announced it will substantially increase its workforce in 2017. The firm currently plans to hire over 170 new employees next year, with substantial investments in Calypso Cloud Services, Research & Development, and Sales & Marketing.

"We are thankful to our new and existing customers for their support and the confidence placed in us," said Calypso CEO Pascal Xatart. "Our uncompromising commitment to quality and professionalism, combined with investments in technologies like Cloud Services and Blockchain, position Calypso at the cutting edge of innovation in capital market software."

In August 2016, Calypso joined the Wall Street Blockchain Alliance as a corporate member. The company said that its participation in the WSBA will enhance its existing blockchain research and development. More recently, Calypso partnered with R3 blockchain consortium in order to develop capital markets application on R3 Corda blockchain platform.

“We are thrilled to be working with R3 and honored to be their first application partner. The alignment between the two firms is exceptional – our deep expertise in capital markets combined with their industry-leading distributed ledger technology will allow us to develop a range of innovative applications quickly and efficiently. Our current matching solution is only the beginning,” Pascal Xatart, CEO of Calypso, said at the time.