DataSynapse Partners with Calypso Technology to Scale Front/Middle-office Analytics and Decision Support

San Francisco, 18 February 2003 – Calypso Technology, provider of cross-asset front-to-back trading systems, and DataSynapse, provider of a leading self-managed, grid computing platform announced today an integrated solution: the grid computing capability of DataSynapse's LiveCluster™ joined with the trading platform of Calypso. The companies also announced the adoption of this joint solution by Wachovia Corporation.

Calypso is a modern, front-to-back trading system with broad support for asset classes and business functionality. DataSynapse's guaranteed grid computing platform, LiveCluster, enables clients to meet the workload of hundreds of traders, risk managers, and IT professionals in a real-time environment without incurring additional hardware, development, or support costs.

The announced integration will permit calculations within Calypso to be performed faster by distributing them over a network of computers via LiveCluster. This applies equally to client proprietary analytics integrated into Calypso with their open application programming interfaces (APIs). These proprietary analytics are then automatically available for distribution via LiveCluster without modification. Calypso and LiveCluster are written entirely in the Java programming language and integrate seamlessly in a client's architecture.

"Our partnership with DataSynapse benefits all concerned," said Charles Marston, CEO of Calypso Technology. "Good decisions depend on timely information, but the analytics of trading and risk have become more complex and compute intensive. Our clients can speed up these calculations using grid computing via LiveCluster."

"Calypso is the market leader for cross-asset trading and processing systems," said Peter Lee, CEO of DataSynapse. "Our joint success with Calypso validates our partnering strategy with leading financial application software providers."

Calypso and DataSynapse expect to work together with several financial institutions, as they did with Wachovia.

"The combination of Calypso's STP framework with DataSynapse's grid computing has had a significant impact on our fixed income derivatives area over the past two years," said Andy Cook, Director, U.S. Dollar Derivatives, Wachovia Corp. "We evaluated several alternatives. Calypso and DataSynapse gave us the fastest implementation. This year we will trade over $1 billion in fixed income and related capital markets products using Calypso and DataSynapse, and we plan to extend our use of their integrated solution."

"Implementing complex models over large portfolios while still maintaining adequate levels of performance to facilitate trading is a major challenge throughout the financial services industry." said Debbie Williams, Group Vice President, Capital Markets and Corporate Banking, Financial Insights (formerly Meridien Research). "End user applications are increasingly dependent on the layers of software and hardware to facilitate this performance. It will take partnerships like this one between DataSynapse and Calypso to make these processes run smoothly."

About DataSynapse
DataSynapse, Inc. (http://www.datasynapse.com/) enables applications requiring scalability to exploit distributed computing capabilities by efficiently utilizing the overall IT environment. DataSynapse deploys a self-managed, guaranteed, distributed computing platform, LiveCluster, that delivers order of magnitude increases in the speed and reliability of software applications while substantially reducing clients' total cost of ownership and accelerating their time-to-deploy. LiveCluster solves compute- and data-intensive bottlenecks and scalability constraints by unobtrusively harnessing the power of servers, clusters and/or desktops anywhere on a client's network, whether dedicated or underutilized. LiveCluster integrates easily with new or legacy applications running on Linux, Unix, or Windows systems. DataSynapse is headquartered in New York, with offices in London, Houston, Chicago, Washington D.C. and San Francisco.