Calypso expands into the Nordic Market

• Creates new subsidiary company and opens new office in Copenhagen, Denmark
• Growth in region facilitated by interest in Calypso Fast-Track

Stockholm, June 11, 2008 – Calypso Technology Inc, a global provider of an integrated trading application suite to the capital markets industry, today announced that it continues to strengthen and build on its success in the Nordic market by opening an office in Copenhagen, Denmark.

“We are committed to offering Calypso to the Nordic market and our dedication has resulted in continuous success in the region. The time is right to invest further in the Nordic area by having a local subsidiary and office to better support our five clients across the Nordic countries,” comments Charles Marston, CEO and founder of Calypso Technology. The first Calypso Nordic client was signed in 2007. Additional clients quickly followed suit, several of which have already gone live with the Calypso system.

Mikael Lindh, Sales Manager Nordic Markets for Calypso Technology, adds: “With ten years of development invested in the Calypso application, we are well positioned to serve the diverse trading and risk management requirements of the Nordic capital markets. The system’s flexibility caters for large financial institutions trading flow products as well as sophisticated niche players within the investment management and hedge fund sector that typically trade on offering a bespoke customer service. The market is showing a strong interest in structured products linked to new innovative indexes. Risk diversification among investors is one important driver behind this trend.”

Entry in the Nordic region was also facilitated by the launch of Calypso Fast-Track, a software product designed to shorten the time to market by offering new clients a pre-configured, ‘out-of-the-box’ front-to-back office application. By providing market-tested, industry standard configuration, tools and documentation, Calypso Fast-Track enables clients to focus on defining specific regional requirements, thus reducing overall implementation time.

The Calypso Fast-Track product is particularly attractive to organizations that do not have a large IT department. “Clients can take advantage of Calypso’s best practice expertise built up in collaboration with its customers. Its pre-configured plug and play characteristic is very attractive to smaller Nordic niche players that wish to see a quick ROI,” states Lindh.

Calypso has also strengthened its capabilities in the region with local implementation partners which have undergone Calypso’s partner training program. This ensures that the partner can provide qualified personnel who are fully trained on the Calypso application. “Working with partners ensures that we can combine the Calypso skill set with in-depth local market knowledge to respond efficiently to market-specific requirements”, comments Gerard Rafie, Vice President Marketing at Calypso Technology.

New Products and Customer Satisfaction Initiatives Launched at Calypso 2008 Customer Conference

• Calypso V10 release highlighted and new account management group announced

San Francisco, CA, June 04, 2008 – Calypso Technology Inc, a leading global provider of an integrated trading application suite to the capital markets industry, unveiled its Calypso V10 product release and announced the launch of Calypso Account Management Services at its 2008 Customer Conference, held April 2008 in San Francisco, California.

Through the Account Management Services group, clients will benefit from a single dedicated Calypso point of contact. The account managers will coordinate all Calypso’s resources on behalf of clients, including access to product management, training, technology infrastructure, and the executive team. In addition, account managers will hold regular meetings with clients to communicate new developments and to facilitate their optimized Calypso product usage.

More than half of the sessions of this annual event were customer forums designed to foster open communication among the various customers on a variety of business and technical topics. In addition, Calypso product managers and engineers presented new functionality in the V10 release and product roadmaps. The new version, Version 10 incorporates significant enrichment of front office tools for structuring products and managing real-time intraday risk and P&L analysis; more robust risk management capabilities on a desk and enterprise level; and new capabilities to the Calypso Fast-Track product, shortening time-to-value during implementations.

“Calypso continues to build out a culture of customer service. Our customers are our trusted business partners who help evolve and shape the Calypso offering,” says Charles Marston, CEO and Founder of Calypso. “Transparent two-way communication is of the utmost importance to us.”

Supporting the themes of transparency and communication, this year’s Customer Conference opened the conference program to third party speakers who are essential to the Calypso ecosystem. These included speakers from the Aite Group, IBM and the TowerGroup. Presentations were also undertaken by customers, senior Calypso product managers and the management team. Calypso welcomed more than 200 attendees, representing 35 firms registered from the United States, Europe, Africa, Australia and Asia.

“The mission of the Account Management Services Group is to provide ongoing consulting and continually aligning client goals and objectives with the Calypso strategy,” says Marston. “We are excited to now formalize and highlight what we have always considered to be a primary focus for us – high-quality customer service and the culture built around it in everything we do.”