Calypso Recognized as Industry Leader in 2008

• #1 in Front-to-Back Office Credit Trading and Structured Products by Risk Magazine

San Francisco, CA, January 28, 2009 – Calypso Technology Inc, a leading global provider of an integrated trading application suite to the capital markets industry, today announced its continued recognition by the financial services industry in 2008 through rankings produced by notable publications including Risk, Financial News and American Banker, as well as Chartis Research. These rankings and polls, produced by and for market participants, underscore Calypso’s leadership position within the vendor community and highlight the firm’s commitment to excellence.

Calypso offers a cross-asset, front to back office trading and risk management platform to financial institutions across the globe. In the last year, Calypso has helped banks and investment managers meet the challenges of the global credit crisis by reducing financial and operational risks, and seamlessly handling the increased transactional volumes generated by credit events.
In recognition of the firm’s accomplishments, Calypso was ranked #1 in several categories in Risk Magazine’s 2008 Technology Rankings. Specifically, the firm topped the front to back office categories for credit and structured products. The Risk poll surveys banks, hedge funds, pension funds, insurance companies and corporate treasuries for these rankings. Calypso was also ranked 1st in the credit trading systems (front to back office) category in the AsiaRisk Technology Survey 2008.

Other noteworthy recognitions in 2008 include:
The Financial News’s annual list of top 21 innovative information technology firms noted that Calypso’s launch of Calypso Fast-Track occurred at the same time “when risk was climbing up the agenda of every financial institution”.

Chartis Research ranked Calypso in the top 20 technology vendors for risk technology. Chartis’ rankings are based on the research firm’s review of core technology, organizational strength, customer satisfaction, market presence and innovation.

American Banker’s Annual FinTech 100 – a revenue ranking designed to provide insight into where financial services firms are investing, included Calypso as a top 75 application/service provider to the financial services industry.

“We are pleased to continue receiving prestigious industry recognition. These rankings highlight the successful partnership we have with our customers, as well as Calypso’s dedication to keeping pace with the evolving derivatives market and incorporating the latest developments into our solutions,” commented Charles Marston, Chairman and CEO, Calypso Technology.