Calypso Technology Expands in Asia

• Aaron Hallmark appointed Head of Professional Services in Singapore

Tokyo/Singapore/Sydney, 09 October 2006 – Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced that it has expanded its operations in Asia-Pacific in response to increasing demand for its software solutions within the region.

Aaron Hallmark has been appointed Head of Professional Services in Singapore, moving from Calypso’s New York operation to work with Singapore-based clients. August saw the opening of Calypso’s Mumbai office, headed by Manohar Uchil, for sales, support and development. Calypso opened an office in Singapore in 2005, and has had offices in Sydney since 2001 and Tokyo since 2002.

Calypso’s Asian clients include Mizuho, Sumitomo Trust & Banking (STB) and Pusan Bank, and during 2005, the company’s client numbers in the region doubled. Working with these clients has resulted in functionality being added to the system to handle some of the more specific requirements of banks in different Asian countries. For example, modifications were made to the accounting module to be compliant with Japanese GAAP and connectivity to MEPS+ has been added.

Charles Marston, Chairman and CEO of Calypso Technology, Inc. commented: “Asia Pacific is an important region for Calypso, as we are seeing increasing demand for sophisticated derivatives systems as well as Treasury software. Calypso provides a strong software solution for these areas, and our increasing client base is testament to this.”