BlueCrest Capital Management Selects the Calypso System for Front Office Trading Solution

• Solution supports expansion of global hedge fund’s trading operation

London, UK, November 27, 2012 - Calypso Technology Inc., the global capital markets platform provider, today announced that BlueCrest Capital Management ("BlueCrest"), a leading global hedge fund manager with over $33 billion in assets under management, has chosen Calypso’s Front Office Solution to support its funds. The Calypso solution will support BlueCrest’s order management, trade capture, lifecycle management, real-time position and risk management. The product coverage is comprehensive and covers interest rate derivatives, bonds, repos, FX, equities, equity derivatives, credit, commodities, cash and loans. Trades will be fed into Calypso from more than a dozen external trading platforms.

BlueCrest has been a Calypso client since 2008 when it adopted Calypso’s Middle Office functionality. BlueCrest partnered with Calypso to develop and build out Calypso’s highly successful Cross Asset P&L functionality that has since become the backbone of Calypso’s buy-side offering.

BlueCrest was impressed with the Calypso System’s ability to model the workflow of their cross-asset, high volume trading requirements and realize their vision to focus investment away from traditional order management systems to a modern enterprise solution, reflecting the change in market conditions.

Donal Fleming, CTO, BlueCrest commented, “We needed a solution which would support our growth initiatives, whilst also consolidating our current trading platform systems. Calypso’s established front office trade capture system was an obvious choice.” He added, “Calypso is a trustworthy system, designed for efficient implementation and maintenance, and we look forward to a continued partnership.”

Charles Marston, Chairman and CEO, Calypso Technology, added “We are very excited to partner with BlueCrest to deliver the cross-asset trading solution they require. Working with BlueCrest has helped extend the Calypso System’s cross-asset capabilities, demonstrating the value of our solution for the buyside and our dedication to working with this sector.”

Calypso OTC Clearing and Processing Solution Wins 2012 Financial News Trading and Technology Award for Best Post-Trade Risk Management Product/Service

• Recognized across industry for breakthroughs in OTC clearing

San Francisco, October 31, 2012 — Calypso Technology Inc., the global capital markets platform provider, has been named the 2012 Best Post-Trade Risk Management Product/Service by Financial News. The annual Financial News Awards for Excellence in Trading & Technology recognize standout achievements by firms in the global financial markets. Calypso Technology was awarded for its breakthroughs in OTC derivatives clearing and processing.

The Calypso systemis used by the majority of the world’s CCPs clearing OTC interest rates, credit derivatives and FX products. Calypso Technologyalso provides capital markets firms and FCMswith the solution that offers ease in launching OTC clearing and collateral services in an environment of continued derivatives regulatory reform and market structure changes.

“The R&D we put into staying ahead of OTC derivatives market changes continues to empower our client base, allowing them to transform the change into new business opportunities around OTC clearing,” says Sanela Hodzic, Director of Strategy and Business Development at Calypso Technology. “We thank our client community and the industry for recognizing Calypso’s commitment to innovation. Our work is far from over. We continue to work closely with the market to address emerging industry challenges in clearing such LSOC regulation, cross-product margining, collateral and liquidity optimization as well as clearing of additional products such as FRAs and FX NDFs.”

In 2012, Calypso Technologyhas been recognized by multiple industry publications for its innovations in OTC derivatives clearing and processing, for its work with exchanges, buy-side and sell-side market participants.Calypso was also voted as the #1 provider for clearing in the Asia Risk Technology Rankings and won the 2012 Financial Technologies Forum award for Most Efficient Solution for OTC Derivatives Reform.

Japan Securities Clearing Corporation Launches New IRS Clearing Service Using the Calypso System

• Partnership extended from clearing CDS to IRS

San Francisco, October 30, 2012 — Calypso Technology Inc., the global capital markets platform provider, announced today that Japan Securities Clearing Corporation (JSCC), a member of the Tokyo Stock Exchange Group, has gone live with the Calypso system for its interest rate swaps (IRS) central counterparty (CCP) clearing service. Calypso is used for initial and variation margin calculations (using Yen OIS discounting), trade lifecycle processing and risk management. This clearing service is the first yen-denominated IRS clearing service in Asia Pacific.

Calypso is used by the majority of CCPs globally for clearing LIBOR interest rate swaps, credit derivatives and FX products, providing the core infrastructure for CCPs to provide clearing services for OTC derivatives as mandated by the G20. Calypso Technology is also working with the banks in Japan and other major financial markets to facilitate the reforms in the OTC markets.

Calypso Technology has been working with JSCC since 2010, when JSCC started working on CDS Index clearing, which successfully launched in 2011. JSCC selected Calypso Technology as it was the only supplier capable of supporting the complete OTC derivatives clearing in a single system.

According to Celent, a financial services research and consulting firm, Japan’s (OTC) derivatives market in 2011 recorded 5.1 million transactions. “We needed a system that could scale to the volumes of the OTC business in Japan,” stated Mr. Yasushi Suzuki, Managing Director, Japan Securities Clearing Corporation.

Mr. Suzuki added, “Calypso Technology’s involvement in the project and experience working with global CCPs was instrumental in enabling us to successfully meet the November 2012 Financial Instruments and Exchange Act (FIEA) deadline for OTC derivatives clearing. This milestone allows Japan to further improve the safety and transparency of the OTC market. The advent of OTC derivatives clearing is the first step in the structural reform of the OTC derivatives market.”

Charles Marston, Chairman and CEO, Calypso Technology, commented, “JSCC has been an important and valued client for us in Japan, working with us in delivering OTC financial derivativesclearing services that meet regional and global requirements. We look forward to working with JSCC on future projects, and are delighted to be working with them on this landmark IRS clearing mandate.“

Calypso Technology Launches Basel III Solution for Liquidity Management

• Enables banks to address liquidity requirements mandated by Basel III
• Integrated trading and risk management system packages all trade, static and reference data with liquidity monitoring and reporting capabilities

San Francisco, October 29, 2012 — Calypso Technology Inc., the global capital markets platform provider,today announced the launch of a new liquidity management solution that enables global banks and other financial institutions to comply with Basel III standards. The treasury system provides intraday, short-term and long-term liquidity management capabilities in addition to extensive cash management functionality, allowing institutions to address the Basel III liquidity requirements.

The Calypso solution addresses two key challenges facing treasuries today when managing and forecasting liquidity. One is the ability to aggregate cash flows and data from multiple systems and/or business units as the system can capture trade and cash flow data from various sources through its robust interfaces. Another major differentiating benefit is the system’s ability to model all asset classes (including cash and derivatives products) or integrate custom pricing models so that managers can perform market data perturbations or simulate behavioral assumptions into business-as-usual or stressed scenarios.

The Calypso single platform offers treasurers the ability to manage enterprise concerns such as survival horizon, asset liability distortion and intra-day liquidity usage. Apart from producing the required metrics, namely Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), credit line usage ratio, asset maturity mismatches and funding concentration, the Calypso platform also allows treasurers to understand the key significant currencies by running balance sheets at a currency level. The flexibility and architecture of the system enable organizations to align their risk management objectives to the reporting required by Basel III principles. The powerful scenario engine allows stress testing banking products, capital market products and collateral positions and enables smooth management of liquidity risk, both operational and regulatory. The real-time access to nostro and custody positions allows the survival management and intra-day liquidity to work off the same data. With the inventory of the group in its views, the treasury can allocate and manage liquid assets more effectively.

David Little, Director of Strategy and Business Development at Calypso Technology, explains, “As Basel III is implemented over the next few years, the mandate will continue to evolve with increased emphasis on firm-wide risk management and capital planning. Our new solution enables treasurers to comply and manage enterprise concerns. Treasurers and CTOs now have a comprehensive, cross-asset bank treasury system that can help manage all internal and external funding activities and provide real-time assessment of liquidity risks within balance sheets. Calypso Technology is committed to the treasury space and we are excited to be launching this much-needed solution for a growing area of concern for banks.”

Calypso Technology Names Jonathan D. Walsh SVP & Chief Human Resources Officer

• New appointment brings over 15 years of human resources experience

San Francisco, October 24, 2012 — Calypso Technology Inc., the global capital markets platform provider, today announced the hiring of Jonathan D. Walsh as Senior Vice President and Chief Human Resources Officer. Mr. Walsh brings key areas of expertise to Calypso including compensation and benefits, learning and development, performance and talent management and organizational effectiveness. He will report to Calypso CEO and President Kishore Bopardikar.

Charged with continuing Calypso’s strong growth trajectory, Mr. Walsh’s objectives include acquiring top talent to add to a global team of over 700 employees across 17 offices worldwide as well as furthering Calypso’s performance-driven culture. In addition, Walsh will drive execution of compensation, benefits, performance management and communication programs to support the company’s strategic goals for revenue and services.

“Calypso is at the critical point where well managed and executed HR capabilities can create tremendous value for the organization,” explains Mr. Bopardikar. “At this stage of growth, Jonathan will provide us with strategic leadership to handle critical issues such as global talent acquisition and mobility, performance-based compensation as well as performance and talent management.”

Having worked previously in both the media and financial services industries, Mr. Walsh most recently served as the Executive Vice President of Human Resources for Clear Channel Outdoor where he spearheaded the company’s human capital strategy. Prior to that, he held senior human resources leadership positions with Washington Mutual and its acquirer, JPMorgan Chase.

According to Walsh, “In looking to join a successful and ambitious technology company, I was intrigued by Calypso’s compelling product offering and global footprint in addition to the complexities of running an international organization. I was immediately impressed by Calypso’s commitment to hiring and retaining the brightest minds in the industry to deliver on their ambitious growth plans. I’m excited at joining a growing organization and I look forward to having an impact on its future success.”

Banco Penta Selects Calypso Technology for Front-to-Back Office Processing of Currency and Interest Rate Derivatives

• Chilean Bank chooses Calypso’s platform to support the growth of their business
• New license agreement reinforces Calypso Technology’s strong position in the Latin American market

San Francisco, September 25, 2012 — Calypso Technology Inc., the global capital markets platform provider, announced today that Banco Penta has licensed Calypso’s integrated technology, enabling the bank to fully process their interest rate derivatives front-to-back. Based in Santiago, Chile, Banco Penta specializes in capital markets, financing, asset management and corporate finance for private banking, corporate and institutional clients.

Recently, Banco Penta has undertaken an aggressive expansion in the capital markets, focusing on sophisticated financial products such as interest rate and currency derivatives, with the plan of doubling their revenue year after year for the next five years. To this end, Banco Penta initiated a search for a technology platform that would enable trade automation and real-time processing, with comprehensive controls that can scale with business growth while mitigating operational risks. After evaluating a number of suppliers in the international market for over a year, Banco Penta chose Calypso Technology due to the firm’s experience in the region and in Chile and the product’s complete front-to-back solution covering a broad range of financial assets. The bank recognized the platform’s ability to manage cross-asset trades, positions and associated P&L results in real-time. Furthermore, the Calypso system demonstrated robust risk, credit limit and other controls, along with the scalability to support the bank’s growth plans.

Banco Penta will use Calypso software as the foundation for their aggressive expansion in the interest rate and currency derivatives business. The system will support the main local and international products, such as cross currency swaps and interest rate swaps, in foreign currency with local benchmarks such as the CLF, the Peso, the Camara and the dólar observado rate. Through the Calypso solution, the bank and its branches will be able to offer their clients a variety of swaps and financial products. Banco Penta will consolidate their technology infrastructure by incorporating products currently supported by other systems into Calypso, such as FX Spot, FX Forwards, FX Swaps, local and international fixed income and inflation indexed products.

Daniel Subelman, Head of Capital Markets for Banco Penta and Chairman for Penta Stock Exchange Brokers, states: "We needed an equally sophisticated technology partner with experience both in the local Latin American and global market to support our aggressive growth plan. After a long and thorough analysis of the alternatives available, it was clear that Calypso Technology provides the combination of a system that can support the complete process for all relevant asset classes with the implementation experience in the Chilean market.”

This additional Chilean client represents Calypso’s sustained success in the country and in Latin America. "Latin America is one of the fastest growing capital markets. Our success here reflects the strong local demand for technology solutions with a global scope and strategic partners that understand the unique needs of the regional banks. We are delighted to partner with Banco Penta and play an important role in the bank’s expansion,” said Carlos Patiño, Business Development Director for Calypso Technology in Latin America.

EADS goes live with the Calypso System for Treasury and Risk Management

• EADS to support global cross asset operations from central platform 

San Francisco, CA – July 10, 2012 – Calypso Technology Inc., the global capital markets platform provider, today announced that EADS, a global leader in aerospace, defense and related services, has implemented the Calypso system as the firm’s treasury management solution.

The Calypso system has replaced a legacy treasury system at EADS’ central treasury department. Calypso’s cross-asset platform will support global in-house treasury requirements across a range of products, including FX, MM, Equities, Fixed-Income, FX Derivatives, Credit Derivatives, and Interest Rate Derivatives. The Calypso solution has been implemented for cash management, collateral, asset management, accounting, reporting, limits and liquidity risk, which provides a holistic, realtime globally-centralized cash position for the entire EADS Group.

Andreas Drabert, Vice President Treasury Controlling at EADS, said, “We were seeking a robust platform that would enable us to consolidate a wide range of financial instruments as well as the full scope of our processes onto one integrated central platform.”

With EADS, Calypso provides the sophisticated technology and expertise from the global capital markets to achieve significant efficiencies for a non-bank entity by bringing treasury operations and risk management to the enterprise level. “Enterprise-wide cash management and a global view of liquidity and credit risks are key concerns for CEOs, CFOs and Treasurers across all industries. The partnership with EADS is a validation of our ability to solve large enterprise treasury management challenges in a dynamic non-financial environment,” says Kishore Bopardikar, President and CEO of Calypso Technology.

Mr. Drabert continued, “One of the major goals in bringing Calypso onboard – besides replacing our existing treasury system – was to prepare the department’s system environment for the challenges of the future. In Calypso, we’ve found a dedicated partner, after a detailed selection process, who understands the treasury and risk management needs of a firm with extensive financial market activities like EADS. This understanding in combination with strong capabilities in trade support and risk management as well as in settlement and accounting convinced us to enter into a partnership with Calypso. Since the go-live, we are observing excellent results from a very flexible, robust and integrated cash-management process that is typically the centerpiece of treasury activities in industrial corporates.”

With respect to the relations between EADS and Calypso he further explained: “As an outcome of the financial crisis, industrial corporates are taking a much more cautious view on credit and liquidity risk management than ever before. We look forward to continuing our partnership with Calypso in order to meet the changing requirements in treasury practices affecting many buy-side and nonbank entities.”

About EADS EADS 
is a global leader in aerospace, defence and related services. In 2011, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of € 49.1 billion and employed a workforce of over 133,000.

Renaissance Capital Goes Live on Calypso

• Leading emerging markets investment bank modernizes back-office operations 

San Francisco, CA – 02 July 2012 — Calypso Technology Inc., the global capital markets platform provider, announced that its award-winning Calypso solution has been successfully deployed at leading emerging markets investment bank Renaissance Capital as a strategic cross-asset back-office solution for the bank’s operations.

The first phase of the project covers American Depository Receipts and Global Depository Receipts with an aim to provide increased automation and operational consolidation as well as to integrate the Calypso platform into Renaissance Capital’s existing IT landscape as a sound foundation for future business lines.

After Renaissance Capital conducted an extensive selection process that included several domestic and international software vendors, the Calypso System was selected on the basis of its seamless end-to-end processing across multiple asset classes and ability to replace a number of existing legacy systems.

“The decision to upgrade our back-office operations was driven by rapidly increasing trade volumes which necessitated greater automation and coordination of back office tasks,” commented Adam Mitchell, Renaissance Capital’s Chief Information Officer.

“Given Renaissance Capital’s expansion, it was vital we had a proven solution that could be easily implemented for current needs and expand to meet future growth objectives,” added Andrey Burilov, Renaissance Capital’s Head of Operations and Compliance.

Phase one of the project was completed in less than 12 months. Renaissance Capital is currently in the process of completing the second and third phases of the project with expected go-lives throughout 2012. These phases will cover additional asset classes: FX/MM, fixed income, derivatives, repo and equities; and functionality such as cash management and client accounting.

Calypso’s Chairman and CEO, Charles Marston, said, “Emerging markets are important for Calypso and we will continue to invest into these regions to provide solutions that package market best practices in conjunction with local conventions.”

About Renaissance Capital 
Renaissance Capital is a leading investment bank focused on the emerging markets of Russia, the CIS, Eastern Europe, Asia and Africa. The Firm also offers its clients access to these markets through financial centres such as London, New York and Hong Kong. Renaissance Capital has market-leading positions in each of its core businesses - M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. The Firm is building market-leading practices across emerging markets globally in metals & mining, oil & gas and agriculture. Renaissance Capital is part of Renaissance Group.

Calypso Partners with AcadiaSoft’s MarginSphere to Enrich Collateral Management Capabilities

San Francisco, June 19, 2012 — Calypso Technology, Inc., a provider of an integrated trading, risk and processing platform to capital markets, today announced a new marketing partnership to integrate AcadiaSoft’s MarginSphere service, an electronic messaging and workflow solution for OTC collateral, with the Calypso system.

 The partnership combines AcadiaSoft’s automation of the margin process with Calypso’s collateral management solution. AcadiaSoft’s MarginSphere is a messaging framework for collateral, providing an ISDA-compliant workflow that eliminates dependency on email, phone, fax and traditional communication modes with an electronic interface that provides scalability, security and audit trails. The Calypso system provides a cross-asset collateral management solution that is integrated with front-to-back office management of OTC derivatives and treasury products.

 Under the G20 mandate, required clearing of OTC derivatives is expected to ratchet up global collateral requirements by as much as $2 trillion. Increased processing requirements, created by the need for daily collateralization of both non-cleared and cleared OTC trade portfolios, are putting pressure on firms to re-evaluate their collateral infrastructure and workflow. In addition to new calculation and optimization services, there is a heightened awareness and demand for electronic messaging flow, enabling efficient communication across all the internal and external parties involved in this collateral process.

 “One margin call typically generates five or more messages, and dramatically more if there are disputes. Given the number of accounts, counterparties and trades that any firm has to maintain, the volume of margin messages can rapidly escalate, creating the potential for errors and large processing inefficiencies,” states Chris Walsh, COO at AcadiaSoft. “We provide a seamless experience for Calypso customers who are experiencing increased collateral activity by improving transparency and reducing costs while enabling improvements and optimization.”

 “Calypso continues to invest in our collateral solution so that we can always remain ahead of significant market developments. The partnership of Calypso and AcadiaSoft gives our customers a simple and effective solution for collateral efficiency,” states David Little, Director of Business Development for collateral solutions at Calypso Technology.

About AcadiaSoft, Inc.
AcadiaSoft, Inc. is uniquely focused on delivering margin automation for counterparties engaged in collateral management. Owned in part by several leading financial institutions, it allows market participants to communicate vital information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner. AcadiaSoft’s Advisory Groups, Best Practice Forums and Working Groups provide a unique framework for integrating the thought leadership and capabilities of market participants, market infrastructures and key service providers across the industry. For more information, please visit www.acadiasoft.com.

Calypso V13 Empowers Capital Markets Firms to Efficiently Launch OTC Clearing and Collateral Services

• Addresses Latest Derivatives Regulatory Reform and Market Standard Practices

San Francisco, May 17, 2012 — Calypso Technology, Inc., the global capital markets platform provider, today announced the release of Calypso V13. The latest version builds on the market leading cross-asset processing platform, aimed at helping customers take advantage of opportunities created by the new OTC market structure in Clearing and Collateral Management services.

Used by the majority of the world’s central counterparties (CCPs) as core clearing infrastructure, Calypso Technology continues to advance its OTC clearing solution for all participants along the capital markets value chain. Calypso V13 enables clearing member organizations to rapidly deploy comprehensive House and Client Clearing services for interest rates/credit derivatives and FX products with initial/variable margin calculations across multiple clearinghouses, integrated collateral management and treasury and liquidity services.

“Calypso is leading the charge in helping customers capitalize on the opportunities and manage the complexities of the new OTC derivatives marketplace,” states Kishore Bopardikar, CEO and President of Calypso Technology. “We are helping capital market firms address new front office, operations and connectivity issues associated with the new OTC landscape, while managing margin compressions and capital costs across business lines.”

According to TABB Group, nearly $2 trillion in additional collateral may need to be posted to comply with proposed central clearing margin requirements, placing a tremendous strain on bank balance sheets. “Centrally-cleared derivatives will turn the back office from a cost center to a critical tool for efficient allocation of capital,” according to Adam Sussman, Partner and Research Director at the Tabb Group in his recent publication, Reinventing Capital Markets Infrastructure. “Firms realize that a more automated and real-time clearing workflow will allow them to deploy shrinking amounts of capital more intelligently,” continued Sussman.

Calypso V13 also delivers a variety of enhancements designed to meet the analytical and workflow requirements of OTC derivatives front office operations that has been re-defined by recent market structure changes. Calypso V13 provides the latest curve generation methodology, new integrated cross-asset pricing and market data management capabilities, as well as real-time analytical reporting tools.

Pierpont Derivatives LLC Launches Swaps Trading Business Using the Calypso System

• Independent broker-dealer to use Calypso System as core engine for new interest rates swaps trading subsidiary

San Francisco, CA – April 10, 2012 – Calypso Technology, Inc., the global capital markets platform provider, today announced that Pierpont Derivatives LLC (“Pierpont Derivatives”) has gone live with the Calypso System to support the launch of a new swaps trading business. The firm’s trading desk is using the platform for trade pricing and capture, consolidated P&L and risk management for interest rate swaps, futures and treasuries.

Pierpont Derivatives is a wholly-owned subsidiary of Pierpont Securities Holdings LLC, which is the sole owner of Pierpont Securities LLC, an SEC-registered broker-dealer providing institutional clients with liquidity, execution services and strategic advice pertaining to the US Treasury, federal agency and repurchase markets. Prior to the launch of its interest rate swaps trading business, Pierpont Derivatives was seeking a robust technology solution that would allow it to go to market quickly. After a thorough selection process, Pierpont Derivatives selected the Calypso System based on its advanced front-office functionality for OTC derivatives and other capital market products as well as its central clearing capabilities and seamless integration with swaps market participants.

Commenting on the selection of the Calypso System, Akshay Das, Managing Director and Head of Derivatives at Pierpont Derivatives, notes, “Speed to market was absolutely crucial due to how quickly the swaps market is changing. We needed an innovative technology solution that could comprehensively support the launch of our new business – as well as allow us to enter new derivatives trading markets in the future. Calypso was the obvious choice. The Calypso team delivered the expertise and flexibility to quickly get us up and running with the specific capabilities we needed.” Pierpont Derivatives benefits from Calypso’s core OTC derivatives valuation support and flexibility, especially as Pierpont Derivatives continues to build out its proprietary models and to enhance its capabilities with value-added, customized features.

The post-crisis changes in the swaps market include a major industry shift in interest rates swaps pricing, including a move to OIS discounting from LIBOR discounting. Meeting Pierpont Derivatives’ rigorous requirements, the Calypso System provides Pierpont Derivatives with robust curve construction capabilities to ensure the firm is utilizing the most current valuation techniques.

Furthermore, the Calypso System is the leading solution for firms seeking to meet the needs of the newly mandated central clearing of OTC interest rate swaps. The Calypso System has enabled Pierpont Derivatives to clear, directly and centrally, its interest rate swaps through its clearing broker, or futures commission merchant, on CME Clearport and the SwapClear platform of LCH.Clearnet through a MarkitWire interface.

“The swaps market is truly undergoing a revolutionary change,” comments Charles Marston, CEO of Calypso Technology. “We’re pleased to be working with Pierpont Derivatives in preparing them for and allowing them to launch a new business in light of this fundamental industry overhaul. The ease in which Pierpont Derivatives has gone to market reflects our commitment to seamless implementation and innovation in technology. We take pride in our central role in the OTC derivatives clearing ecosystem and we look forward to our continued expansion in this space.”

About Pierpont Derivatives, LLC.
Organized in 2011, Pierpont Derivatives LLC is a wholly-owned subsidiary of Pierpont Securities Holdings LLC and an affiliate of Pierpont Securities LLC, which is an independent, SEC-registered broker-dealer. Pierpont Derivatives is actively trading interest rate swaps and clearing through SwapClear of LCH.Clearnet and through the CME Group. Pierpont Securities provides institutional clients liquidity, execution and strategic advice in connection with fixed-income products, including US Treasury and Agency securities as well as repo and alternative financing products. Pierpont Derivatives clears its trading of fixed-income products (other than interest rate swaps) through Pierpont Securities.

Calypso Technology Tops $200 Million in Revenue in 2011

• Achieves Major Milestone with Record Revenues and Growth

San Francisco, March 28, 2012 — Calypso Technology, Inc., the global capital markets platform provider, announced today that it has exceeded $200 million in revenues for 2011. “This is a significant milestone in the company’s growth trajectory,” stated Kishore Bopardikar, President and CEO of Calypso Technology. Achieving revenue CAGR of more than 40% over a ten-year period, Calypso continues to gain market share. In 2011, Calypso added 20 new clients, representing a diverse range of banks, insurers, asset managers, hedge funds and exchanges.

Mr. Bopardikar adds, “Calypso is in a firm position to continue expanding its market share given current momentum and ability to deliver quality solutions for the environment of regulatory change, drive for operating efficiency and growth in emerging market economies.”

Frost Bank Goes Live on Calypso

• Rapid successful implementation leveraging Calypso Fast-Track

San Francisco, CA – 6 March, 2012 — Calypso Technology Inc., the global capital markets platform provider, announced that Texas-based Frost Bank (Frost) has implemented the Calypso software solution to support the firm’s growing financial derivatives business. Installation of the Calypso solution to support interest rate derivatives processing was completed in less than four months. Future plans include extending the system to manage the trading and processing of various instruments including commodities and foreign exchange, front-to-back office.

Through increased process automation, streamlined end-of-day processing and consolidated risk reporting, the Calypso system will enable Frost to reduce operational risk and improve efficiency. This will allow Frost to expand their product offering and build market share across its broad range of sophisticated financial services. Frost is primarily engaged in the business of commercial and consumer banking through more than 115 financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions.

“Frost selected Calypso after a careful evaluation based on its scalable, multi-asset platform and successful software implementations with other Calypso customers,” said Kyle Woodland, Frost Capital Markets. “Furthermore, Calypso’s Fast-Track solution for implementation allowed us to quickly install the Calypso software on time and keep expenses within our budget.”

“We are excited to work with Frost," said Charles Marston, CEO of Calypso Technology. "This implementation is further testament to the functionality and scalability of our system to meet the growth and efficiency objectives for a wide range of financial institutions from regional banks to global money center operations.”

BNP Paribas Securities Services Selects Calypso for OTC Valuation Services

• Calypso’s reputable capabilities and flexibility makes them first choice for BNP Paribas Securities Services’ Valuation Services and OTC Credit Derivatives

San Francisco, February 29, 2012 — Calypso Technology, Inc., the global capital markets platform provider, today announced that BNP Paribas Securities Services (BNP Paribas), a leading global custodian and securities services provider and subsidiary of the BNP Paribas Group, has selected Calypso to support its enhanced global OTC Valuation Services.

The Calypso software will help BNP Paribas meet the complex challenges faced by the custodian’s clients by providing an innovative, cost efficient and replicable infrastructure. The cross-asset solution will enable BNP Paribas to provide more robust OTC valuation services for its clients as well as open up opportunities in new market segments in a highly competitive market.

Dominique Sauvage, BNP Paribas Securities Services’ head of Market and Financing Services’ IT, said that the selection process was relatively simple: “We needed a single solution that would support our capacity to accelerate business growth with ease of implementation. Calypso’s flexibility, simple user interface and comprehensive deployment capabilities were important to our decision. In addition, we were reassured by their team’s expertise and experience in enabling other global institutions to launch and enhance OTC derivatives valuation services.”

BNP Paribas will deploy the software in Europe with a view to eventually extending it to its other global hubs. The software will help the custody bank to service its extensive global client base in more than 100 countries.

Charles Marston, CEO of Calypso Technology, commented, “Calypso has always been driven to enable our customers to open up new channels to their markets through our world-class solutions. We are excited to be working with BNP Paribas Securities Services. We look forward to supporting and driving the evolution of their services and supporting their continuing innovation.”

Calypso Technology Ranks #1 in System Implementation Efficiency in 2011 Risk Magazine Technology Rankings

San Francisco, February 21, 2012 — Calypso Technology, Inc., the global capital markets platform provider, today announced that it has won first place in the Risk Magazine Technology Awards 2011 for System Implementation Efficiency. The rankings reflect the outcome of a Risk Magazine poll of thousands of banks, hedge funds, pension firms, insurance companies and corporate treasuries on leading risk technology providers.

More than 35 Calypso customers underwent implementations in 2011, either going into production or upgraded. "We are pleased that our implementation efficiency was highlighted in this year’s Risk Technology Rankings," states Kishore Bopardikar, President and CEO of Calypso. "Providing our clients with fast time-to-market has always been a top priority," he explains. “This accomplishment is an affirmation of the maturity of our delivery model.”

Calypso Technology is a recognized leader in enabling customer success. In 2007, the company introduced Calypso Fast-Track, a rapid deployment solution that accelerates delivery, maximizes quality, and reduces project risk during the implementation cycle. While each customer implementation has unique characteristics and value-add customizations, Calypso Fast-Track leverages use of industry standard practices and out-of-the-box pre-configurations for various industries to accelerate deployment.

"Cost reduction is a major focus for clients today," continues Mr. Bopardikar. "Timely delivery and greater efficiency are key to achieving this goal. As our clients strive to improve their businesses, we are committed to enabling them. Our implementation efficiency is a cornerstone of their success - we remain focused on continuously improving and streamlining the delivery process."