Calypso Wins Financial-i Leaders in Innovation Award for 2nd Year Running

• Wins 'derivatives processing' category

San Francisco, December 18, 2007 – Calypso Technology Inc, a global application software provider of an integrated trading application suite to the capital markets industry, is pleased to announce that it has won the ‘derivatives processing’ category of the 2007 Financial-i Leaders in Innovation awards. This is the 2nd consecutive year that Calypso has won the award.

Companies were initially chosen by Financial-i’s team of journalists and a number of analyst firms. The winners were then selected from the short-listed companies by an advisory panel comprising industry analysts and thought leaders. Key criteria in judging the awards were demonstrated innovation in the last year to solve a business challenge leading to a positive improvement for customers.

“Essentially what we were looking for are companies that have demonstrated over the last 12 months their ability to innovate, whether it is in terms of business strategy or the development of wholesale transaction banking solutions, and for that innovation to have significantly impacted customers in terms of their ability to deploy business solutions cost effectively, more readily interact and integrate them with other applications, and the ability to use these solutions to solve business specific issues or concerns,” said Anita Hawser, editor of Financial-i.

“Our philosophy has always been to innovate and fill the gaps in the market, so we are proud to have been recognized yet again with this award. We didn’t rest on our laurels after winning last year and have maintained our drive for continuous innovation,” said Charles Marston, CEO of Calypso. “We are committed to providing advanced solutions that help customers innovate faster, improve productivity and achieve faster time to value. With the recent launch of our groundbreaking Fast-Track implementation product, next year looks set to be a very exciting time for us.”