BM&FBOVESPA selects Calypso to register and manage OTC operations

• New Calypso platform is one of the world’s most complete OTC derivatives solutions

San Francisco, CA - November 16, 2011 - Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, announced today that BM&FBOVESPA, the largest financial exchange in Latin America, has selected the Calypso System to register and manage OTC derivatives operations.

The Exchange licensed the Calypso platform after conducting an intensive Proof of Concept (POC) evaluation at its data processing center in Brazil, which confirmed that the Calypso System is among the most flexible and complete in the world for the registration, pricing, risk assessment and lifecycle management of OTC derivatives and cash products.

In Brazil, OTC trades are required to be officially registered so that the national securities regulator and financial system have absolute transparency into overall derivatives exposure on a market-wide basis and the ability to track the intraday mark-to-market value of each OTC trade. The Calypso System will be implemented to provide valuation for a wide array of OTC derivatives to ensure that each trade meets the predefined parameters set by BM&FBOVESPA.

“With the Calypso platform, BM&FBOVESPA intends to modernize, enhance and expand its OTC operations registration service, offering quality and agility to its customers, and complete analysis instruments for self-regulation and regulatory activities,” said Marcelo Maziero, Chief Products and Customers Officer of BM&FBOVESPA.

BM&FBOVESPA and Calypso Technology will conclude implementation of Phase One of the platform in 2012, which will allow for the registration of contracts from banks with their non-financial customers as counterparties. The implementation of Phase Two - for registration of contracts from the other counterparties - is forecast to be completed in the first quarter of 2013. Phase Three will provide collateral management services for bilateral risk mitigation with an implementation date to be announced in the future.

"We are extremely excited to count BM&FBOVESPA as a customer. Calypso Technology is deeply committed to the Latin American market and we look forward to working with BM&FBOVESPA to develop the future market structure for OTC derivatives and other products in Brazil," states Charles Marston, Chairman and CEO of Calypso Technology.

About BM&FBOVESPA
BM&FBOVESPA S.A. - The Brazilian Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa). Together, the companies have created one of the largest listed exchange groups in the world, the second in the Americas, and the leading exchange in Latin America. The Exchange features a vertically integrated business model, with trading, registration, netting, settlement, risk management, market data, and central securities depository services. BM&FBOVESPA’s state-of-the-art technological resources provide investors with an efficient and secure trading and post-trading environment. Among its broad range of trading products, the Brazilian Exchange offers equities, securities, financial assets, indices, interest rates, agricultural commodities, as well as foreign exchange futures and spot contracts, and acts as a central counterparty for all of its market segment through its clearinghouses - equity, derivatives, foreign exchange, and securities.

Calypso Positioned in 'Leaders' Magic Quadrant for Treasury and Trading Core Systems

• Evaluation based on Completeness of Vision and Ability to Execute Platform delivers rapid implementation and strong risk management
  

SAN FRANCISCO, USA, November 7th 2011 – Calypso Technology Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, today announced that leading analyst group Gartner Inc. has placed Calypso in the “Leaders” quadrant of their inaugural Magic Quadrant for Treasury and Trading Core Systems.* The Gartner Magic Quadrant is a qualitative evaluation of a set of vendors in a specific market based on 'Completeness of Vision' and 'Ability to Execute'.

“Economic challenges are driving the rationalization of application portfolios and causing financial institutions to look carefully at their core system strategies, with the intent of trying to better align business focus with application appropriateness,” the report states.

"The advantages of minimizing the number of solutions across treasury and trading market functions go beyond the cost benefits of reducing the need for cross-platform integration and maintaining skills bases across multiple solutions," states the Gartner report. "Gains in straight-through processing (STP) can also enable traders and risk managers to more quickly identify opportunities and threats - a competitive advantage in fast-moving and volatile markets."

As part of its core treasury and trading capabilities, Calypso brings several key strengths, including rapid implementation, strong desk-level risk management, strategic alliances, vendor viability and organic growth. Demonstrating growth and innovation, Calypso has taken the global lead in responding to changes in OTC derivatives market structure over the past two years. Four leading exchanges are in production with Calypso for OTC derivatives clearing and several clearing member firms are using the system to provide client clearing services.

The Calypso vision is centered around providing a single integral capital markets platform to support all market participants - sell-side, buy-side and service providers. Calypso’s positioning in the "Leaders" quadrant is reinforced by the IBS Sales League Table 2011 that shows Calypso gaining new name customers at a ratio of almost 3 to 1 compared with its nearest competitor.

“Being positioned as a Leader in the Gartner Magic Quadrant is a tremendous achievement for Calypso." said Charles Marston, CEO and Chairman of Calypso Technology. “Gartner employs a rigorous and exhaustive process that scrutinizes all facets of the business. We welcome this independent assessment of Calypso’s strategic positioning and ability to deliver."

"Innovation is in our DNA. It drives everything we do," said Marston. "Our vision and strong organic growth are driven by close collaboration with clients and a commitment to research and development. Global markets are shifting as turbulence in Europe and a continued recession place pressures on all financial institutions to better manage collateral, liquidity, risk, operational costs and future growth. Our rate of product innovation enables us to solve these customer challenges faster, better and more cost-effectively. We look forward to helping more institutions address their challenges head-on.”

*Gartner, Inc., Magic Quadrant for Treasury and Trading Core Systems, D. Furlonger, D. McKibben, November 1, 2011.

About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Calypso Technology Appoints Denise Pierre as Senior Vice President of Human Resources

San Francisco, CA, November 2, 2011 – Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, today announces the appointment of Denise Pierre as Senior Vice President of Human Resources (HR). Denise brings with her over 21 years of HR experience in the global technology industry.

In her new role, Denise has global responsibility for all strategic and operational aspects of the human resources function including organizational design, change management, talent acquisition, staffing, succession planning, performance management, compensation and benefits, employee relations and legal compliance.

Denise joins at a critical time in Calypso’s growth. She will be tasked to implement an HR strategy that will enable the company to achieve its aggressive growth targets. To this end, Denise will be responsible for instilling the appropriate disciplines, best practices and organizational structure required.

"In large part, Calypso’s growth can be attributed to the talent of our people – we’ve always been committed to bring on the best and the brightest in the financial technology industry. Denise will be instrumental in helping us to accelerate our organization’s growth and scale in order to serve diverse markets and geographies," states Kishore Bopardikar, President of Calypso Technology. “We are excited to have Denise join our leadership and our company.”

Prior to joining Calypso, Denise was Vice President of HR at Veraz Networks, where she was fully responsible for leading global strategic and operational HR activities.

Prior to that, she was Vice President of HR at Teralogic Inc., where she was responsible for all strategic growth initiatives and Global HR management for the privately held company.

Denise states, “I am excited to join Calypso. I truly believe that the company has a unique value proposition and a state-of-the-art solution. I’m looking forward to contributing my experience and expertise on people and organizational issues as well as providing guidance on managing complex employee relations.”