Calypso snaps up Galapagos

San Francisco-based Calypso Technology, a provider of an integrated trading application suite to the capital markets industry, has acquired Codefarm's portfolio construction and management platform known as Galapagos. According to Calypso, Galapagos, which took approximately 50 man-years to develop, represents the successful application of the academic concept known as evolutionary or genetic algorithms to the structured credit industry.