Calypso Technology Acquires Leading Treasury Solution Provider

• Firm continues to invest to meet growing demand from corporate treasurers

SIBOS, Hong Kong, September 16, 2009 – Calypso Technology Inc, a leading global provider of an integrated trading application suite to the capital markets industry, today announced that it has acquired Green River Computing Services Inc., a leading treasury software development firm. Green River’s software product, known as Orbit, will be integrated into Calypso’s existing platform, and Green River’s founder and CEO, Dan Farrand, will be joining Calypso’s Treasury Project Management team as Director, Cash and Treasury Management. The terms of the purchase transaction were not disclosed.

At its inception, the Calypso Trading and Risk Management Platform was designed for banks, asset managers and other capital market institutions. In recent years, however, the firm has experienced increasing demand from corporate treasurers for solutions that better coordinate their financial hedging and funding activities, provide cash visibility across the enterprise and help them analyze bank counterparty risk. Specifically, this group has turned to Calypso for integrated risk, cash and liquidity management software. With the Orbit integration, Calypso will be able to offer clients a cost-effective, cross-functional treasury management solution that provides cash management, trading and risk management functionality, all on one integrated Calypso platform.

Charles Marston, Chairman and CEO, Calypso Technology, said: “Dan has built an impressive business based on his knowledge and understanding of the issues faced by corporate treasurers. By combining Green River’s talent, products and expertise with Calypso’s already robust capital markets offering, we are making the key investments that will make us a leader in the growing corporate treasury market.”

Orbit, a successful cash and treasury management solution, was developed from the ground-up specifically to address and solve the key problems faced by corporate treasurers. It was designed to support core Treasury functions, including Cash Management, FX Risk Management, Bank Relationships and Investments. Orbit was developed in collaboration with corporate treasurers and thus has been very favorably received over traditional bank-developed solutions. Over the past decade, companies using Orbit include Cisco, Apple, KLA-Tencor and Juniper Networks.

Dan Farrand said, “Calypso’s strong software muscle, global reputation and market penetration make it a perfect firm to leverage Orbit’s historical success in the treasury markets. With Calypso, we will be able to quickly and effectively scale our offering and serve a much larger portion of the market. Calypso’s 10-year track record of stability and growth will open the doors to many new clients.”

Calypso’s Cash and Treasury Management Solution (TMS) offers:

• Improved cash visibility across the enterprise
• Full cash ledger functionality, payments and bank transactions via SWIFT and BAI
• Automated reconciliation engine between the bank statements and the In-House bank
• Foreign currency subsidiary funding and balance sheet hedging
• Cross-asset class trading, hedging and investments with the full front, middle and back office capabilities for FX, Money Markets, Interest Rate Derivatives and Fixed Income Counterparty exposure monitoring, Limits and Market Risk management
• Compliance with evolving accounting standards such as FAS 133 / IAS 39 for hedge accounting.

Charles Marston continued, “Corporate Treasury is a strategically important business for us, and we will continue making investments in this area to ensure that our clients have access to the best thinking and most innovative solutions in the market.”