Hong Kong Monetary Authority Signs Calypso for Trading and Treasury Management

San Francisco, August 25, 2010 — Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, announced today that the Hong Kong Monetary Authority (HKMA), the government authority responsible for maintaining monetary and banking stability in Hong Kong, has selected the Calypso system as its full front-to-back trading and treasury management solution for processing multiple asset classes and to ensure that the Hong Kong’s reserves are managed more competitively and efficiently. The solution has been selected to provide the HKMA with the opportunity to invest in and trade across a broad range of asset classes and financial instruments, while simultaneously providing best-in-class risk management controls which will identify, monitor and manage the underlying risks in real-time.

Following an extensive evaluation process, the HKMA has selected the Calypso system as its full front-to-back trading and treasury management solution for processing multiple asset classes. Calypso’s platform will leverage functionality for a variety of front-to-back office tasks including pricing, valuation, risk management, enterprise risk, cash management, compliance, settlement and accounting.

Calypso Users Highlight Vendor Ownership of Implementation as a Critical Success Factor

• 2010 Calypso User Survey reveals implementation quality and cost control as top success factors for projects

San Francisco, August 16, 2010 — Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, unveiled the results of the 2010 Calypso User Survey conducted at the global customer conference in San Francisco in May. Results highlighted that firms want vendor responsibility and involvement throughout the deployment process in order to manage implementation quality and costs.

Delegates representing Calypso’s 100+ customers from leading financial institutions around the globe met in May to discuss market trends as well as how the Calypso platform addresses these trends -- through its support of trading, risk management and processing for a broad array of asset classes on a single integrated platform.

In the annual Calypso User Survey conducted during the conference, respondents indicated that vendor ownership of implementation projects was the most important factor in project success compared to the availability of implementation partners and other services. “Given current economic conditions, firms buying IT are becoming more vigilant in requiring vendors to share implementation risks,” states Kishore Bopardikar, President of Calypso Technology. “Customers want to see highly skilled vendor teams involved in the project, and not responsibility delegated to just any third-party implementation shop.”

“The results confirmed our understanding of clients’ priorities when it comes to technology projects,” continued Bopardikar. “Under the old model, customers went directly to partners for their implementation services. In the new approach, we provide customers with the reliability and predictability that they want through a managed program that combines our experts with trained partner resources. As a result, more projects of varying sizes and complexity are completed on time and on budget.”

Using the new partnering approach, Calypso has enabled more than 30 customers from around the globe from five continents to go into production or upgrade during the 2009 calendar year. This is expected to grow 15% in 2010. “In order for clients to upgrade or expand their relationships with their technology vendor, you need to foster trust: trust in your product quality and in your professional services staff to guide them through the implementation,” states Mr. Bopardikar.