Wednesday, June 4, 2003

Calypso Wins Overall Technology Leader Award from The Banker

San Francisco, 04 June 2003 – Calypso Technology announced today that it was awarded the Overall Technology Leader award for Wholesale Back Office Application of the Year by The Banker Magazine. The Banker is a publication of the Financial Times Business group. This year's awards were the inaugural technology awards given by the magazine.

"The judging panel chose Calypso as it clearly differentiated itself from the pack. The winner was based on a number of criteria. True innovation, adaptability to business needs, fast implementation, and customer satisfaction were all considered. Our panel felt Calypso distinguished itself on all fronts," said Parveen Bansal, Technology Editor for The Banker.

"To be recognized as the overall leader in this category brings great satisfaction. We set out to build the leading cross asset front to back trading system in the industry. While we continue to enhance our application to meet the changing needs of the industry, this award validates our efforts, " said Charles Marston, CEO of Calypso Technology.

Calypso received the award at The Banker Technology Awards 2003 evening on June 3 in London.

About Financial Times Business
Financial Times Business is part of the Financial Times and Pearson Plc. Established in 1926, The Banker provides global financial intelligence to the international banking and finance community. Published monthly, each issue delivers news and opinion on the latest developments in both the retail and investment banking sectors. With regular software and technology updates, new product innovations, country profiles and expert market commentary from leading industry figures, The Banker is essential reading for all banking and finance professionals.