Wood & Company Goes Live on Calypso

• Calypso provides middle- and back-office brokerage functions to leading Central and Eastern European investment banking house
• Calypso system drives efficiency gains and expansion

San Francisco, February 22, 2010 – Calypso Technology Inc, a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, today announced that Wood & Company, a leading Central and Eastern European investment banking house, has gone live with the Calypso system to support middle- and back-office brokerage functions, including cash management and reporting. The Calypso software system has been implemented as a central installation in Prague, offering remote access to other office locations.

By implementing the Calypso system, Wood & Company has a solution in place that allows the company to multiply its business capacity and improve operational security while meeting specific local Eastern European requirements. The Calypso platform offers Wood & Company a solution for securities, treasury, fixed income and derivatives within one integrated application that has enabled the bank to replace a number of existing systems in the middle- and back-office environment. The Calypso system allows Wood & Company to monitor, plan and report on the balance and flow of cash and securities accounts, as well as allocate expenses to transactions according to selected parameters and report the required details.

Andrea Ferancova, Partner & Director of Capital Markets at Wood & Company, explains, “Implementing the Calypso system will enable us to grow our business while keeping costs under control. Conservatively speaking, the platform will improve our operational efficiency by 75% and will save us 25% in operations resources. We have gained real savings in areas like cash management, and we can now direct our resources to developing value-added customer services. By working with Calypso Technology, we can better serve our clients by being able to introduce new products quickly and know that they will be supported throughout the transaction lifecycle. The Calypso system is not only cost effective, but it brings additional value to our organization.”

The first phase of the implementation project was completed within budget and within the set time frame of six months. This was achieved by Calypso Technology experts working closely with the bank’s business users, IT resources and project management as a unified team. Phase two and three of the project will focus on adding more products and risk functionality to support the brokerage business, as well as including more processes for settlement, accounting, collateral management, fund management and asset management. The Calypso system will connect to the local exchanges and counterparties via SWIFT and specific protocols. Upon completion of phase three, the bank will be able to monitor the entire trade lifecycle across all products in real time, enabling accurate risk analysis and transparent reporting.

Charles Marston, CEO of Calypso Technology, comments, “We are very excited to work with a leading investment banking house like Wood & Company, and to see the increasing demand coming out of Central and Eastern Europe. Calypso Technology remains committed to offering top-of-the-line solutions to this growing market.”

About Wood & Company
We are the leading independent investment bank in Central and Eastern Europe. Headquartered in Prague, the firm has gained a deep understanding of the markets of new EU countries over the past 15 years. Wood & Company’s goal is to provide international and domestic clients with top quality investment banking and stock broking services which meet and exceed expectations.

Former Sun Microsystems Executive Masood Jabbar Joins Calypso Technology’s Board of Directors

• Mr. Jabbar brings 30 years of technology experience to Calypso

San Francisco, CA, February 18, 2010 – Calypso Technology Inc, a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, today announced the addition of Masood Jabbar to the company’s Board of Directors. Mr. Jabbar is the fifth independent director appointed to the Board.

“I am very excited to join Calypso’s Board of Directors,” said Mr. Jabbar. “I believe the company has a tremendous future: there are few companies today with the global reach and traction that Calypso has in its market space. Calypso Technology has a visionary executive team, dedicated employees, and a truly first-class technology offering. I look forward to working with them to help shape the future.”

Mr. Jabbar, a 30-year veteran of the technology industry, previously spent 16 years at Sun Microsystems, where he ended his tenure in 2002 as Executive Vice President of Global Sales Operations. In this capacity, Mr. Jabbar was responsible for all sales and support activities for the company. Prior to this he was the president of Sun Microsystems Computer Corporation where he ran the multibillion dollar business unit that developed, manufactured and marketed desktop and server computing systems. During his time at Sun, Mr. Jabbar also served as Chief Financial Officer of Sun Microsystems Computer Corporation, General Manager, and Vice President of Finance and Planning. Mr. Jabbar currently sits on the Board of Directors at Silicon Image Inc. (Nasdaq: SIMG), JDS Uniphase (Nasdaq: JDSU) and RF Micro Devices (Nasdaq: RFMD).

Mr. Jabbar joins four other independent Directors on Calypso Technology’s Board, including former PeopleSoft CFO Ronald Codd, former Credit Suisse First Boston Global CIO Frank J. Fanzilli Jr., former BankOne EVP and Head of the International Group Barry M. Sabloff, and former Veritas Software EVP of Worldwide Field Operations Paul Sallaberry. Kishore Bopardikar, the company’s president and Charles Marston, the company’s chief executive officer have served and continue to serve on the company’s Board of Directors since the company’s inception.

Charles Marston, Chairman and CEO of Calypso Technology said, “We are thrilled that Mr. Jabbar has agreed to join our esteemed Board of Directors. He brings a vast amount of operational expertise and leadership to the company. Our Board, comprised of the leading finance and technology executives in the industry, provides valuable insight and their leadership and guidance are crucial to our continued growth.”

ASB Goes Live on Calypso

• Leading New Zealand Bank implements Calypso for cross-asset, front-to-back treasury solution

Sydney, February 02, 2010 – Calypso Technology Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, today announced that ASB Bank, a leading New Zealand institution, has successfully implemented the second phase of the Calypso project to go live on its cross-asset, front-to-back treasury platform for foreign exchange, money market, interest rate derivatives, and risk, including limit management, enterprise risk, VaR and market risk.

ASB was seeking a single, complete solution to support all treasury functions and to expose more treasury capability via the Bank's internal portal, FastNet. Calypso was chosen for its ability to streamline the Bank's entire financial markets trading and post-trade processing activities. The first phase of the project included end-to-end processing for forward rate agreements and futures as well as limits management. The second phase, including foreign exchange, went live in November 2009.

ASB leveraged Calypso's market standard based solution, Calypso Fast-Track to accelerate the deployment of the trading, risk and operations application. Calypso Fast-Track provided ASB with a pre-configured database and associated process documentation. ASB was then able to focus more attention on their unique products and processes, interfaces and data migration rather than the mechanics of simply getting the application up and running.

“Choosing Calypso was a strategic decision for us”, says Kerry Francis, Chief Executive of Treasury and Financial Markets. "By implementing Calypso, we now have sophisticated trading capabilities across a number of asset classes while benefiting from the efficiencies of centralized workflow.”

Guy Curtis, Head of Treasury and Financial Markets Operations, ASB, added, “We have increased our STP rates significantly and this achievement is testament to the strength of our partnership.”

"We are delighted to be working with ASB to support the Bank's treasury operations. Australia and New Zealand continue to be important areas of growth for Calypso, and we look forward to growing our presence and client base in the region," states Charles Marston, Chairman and CEO of Calypso.

About ASB
ASB has a history of more than 160 years providing financial services and solutions to New Zealanders, and is proud to be one of the country's leading banks. Visit ASB at www.asb.co.nz