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.”