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."

BTG Pactual Signs with Calypso Technology for OTC Derivatives and Securities Support

• Leading Brazilian investment bank chooses Calypso for Cross Asset Coverage


• Marks Calypso’s continued expansion in Latin America

San Francisco, CA, December 7, 2011 – Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, announced today that the firm has signed with BTG Pactual, Brazil’s leading investment bank. The Calypso system will support their full range of portfolio assets including OTC derivatives and securities.

BTG Pactual was seeking a solution that would allow the firm to continue expanding its investment banking market share and scale with escalating trade volumes. The bank conducted an extensive review of several cross-asset trading technology platforms and chose Calypso Technology due to the firm’s deep expertise and platform extensibility. Using Calypso, the firm will consolidate several internally-developed systems covering multiple asset classes onto a single platform that can be configured to handle Brazilian conventions and rules, in addition to their international portfolio.

“At BTG Pactual we prefer to work with market leaders and we see Calypso as the leader in this sector,” comments Clecio Lima, BTG Pactual partner and CIO. “Calypso Technology is a strategic partner who brings both the sophisticated technology and invaluable consultation we were looking for.”

In the first phase, BTG Pactual will implement Calypso’s back-office system for interest rate and equity derivatives products across the firm’s global operations.

“We are delighted to be working with BTG Pactual,” notes Carlos Patiño, Director, Business Development - Latin America, who is leading Calypso Technology’s commercial initiatives in the region. “Latin America is an emerging hotbed of trading activity and we’re pleased to continue our expansion in this region.”

“BTG Pactual is a notable market maker for structured products and a true global innovator. We look forward to helping the bank achieve its growth objectives,” states Charles Marston, CEO of Calypso Technology.

About BTG Pactual:

• Leading Investment Bank in Brazil in equity issuances (IPOs and Follow-Ons, Dealogic since 2004), M&A deals (Thomson Reuters, 2011) and local debt issuances (Anbima, 2010).


• Voted Best Brazilian Investment Bank by Latin Finance and Global Finance. Voted Brazilian Equity House of the Year by Euromoney and Latin Finance.


• One of the leading emerging market-based asset managers, with over US$ 61bn under management and/or administration.


• Voted best fund manager in Brazil by Exame magazine and Fundação Getúlio Vargas (FGV).


• One of the main private wealth managers in Brazil, with US$ 21bn in assets under management.


• Presence in Brazil (São Paulo, Rio de Janeiro, Recife, Belo Horizonte and Porto Alegre), the US (New York), the UK (London) and China (Hong Kong).


• Over 28 years experience in the Brazilian and international markets.


• Approximately 1.300 employees.

Calypso Technology Wins Multiple Awards for Innovation in Technology

• Calypso product showcases market leadership by winning two Technological Innovation awards in prestigious industry award ceremonies

San Francisco, December 06, 2011 — Calypso Technology Inc., the global capital markets platform provider, today announced that they are the winners of the Securities Lending Industry Award as well as the Best Innovation by an IT or Software Firm in Risk Management for Clearing Services. Calypso accepted both awards at ceremonies held in London earlier this month.

The first category was‘Technological Innovation’, granted for the firm’s Collateral Optimization solution in the 2011 Securities Lending Industry Awards, managed and hosted by Fundamentals Magazine. The panel of judges, consisting of industry practitioners, recognized Calypso’s year-on-year global achievements in the collateral space and awarded Calypso Technology for its contribution to industry innovation, over eight other nominees. This win follows on Calypso’s recent success in Gartner’s Magic Quadrant survey, which placed Calypso in the “Leaders” quadrant of Gartner’s inaugural Magic Quadrant for Treasury and Trading Core Systems.

The second award, presented by Futures and Options World (FOW) at their Derivatives World Event in London, was ‘Best innovation by an IT or software firm in Risk Management – Clearing Services’ for Calypso’s OTC Clearing Services for Derivative Clearing Member Firms (DCMs) solution. Designed for members of various exchanges, this technology plays a critical role in the clearing process as the key agent for banks and other financial institutions making OTC trades, supporting all trade lifecycle events of a centrally cleared OTC transaction.

A group of industry experts acted as judges for this award, selecting Calypso from a mass of entries from various industry peers. With a commitment to innovation since inception, Calypso has pioneered derivatives technology by introducing ground-breaking solutions to advance the trading and processing of the world’s most complex securities instruments, and through this breakthrough technology, global financial institutions have been able to achieve STP, efficiency, and accuracy in derivatives trading.

Calypso’s CEO, Charles Marston, commented, “We are extremely pleased to be receiving this recognition as leaders and innovators in the Clearing and Collateral Management spaces. Over the years, we have worked hard to gain a deeper understanding of the financial community’s needs and through this, we have been able to develop and deliver world-class solutions to many of the industry’s leading financial institutions. Winning these esteemed awards is validation of our strong product solutions and the tight collaboration to get it to market further showcases our expertise and commitment to deliver in these domains.”

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.”

Legacy Asset Management Company (LAMCO) Goes Live with Calypso as Central Valuation Solution

• LAMCO implements Calypso for complex IRD and CDS support

Sibos, Toronto, September 20, 2011 — 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 Legacy Asset Management Company (LAMCO), a fully owned subsidiary of Lehman Brothers Holding Inc., has gone into production with the Calypso System as its core derivatives platform for valuation and risk. With over 500,000 trades across multiple asset classes in rates and credit products, LAMCO will leverage the Calypso System to value both its historical and live trades.

LAMCO was formed to serve as the asset management platform for Lehman Brothers Holdings Inc. (LBHI). LBHI launched LAMCO as a leading asset management capability focused on maximizing value over time for the firm’s less liquid legacy assets. Prior to the Calypso installation, LBHI had numerous systems across the front-, middle- and back office supporting the firm’s operations for derivatives, bank debt, real estate and commodities portfolio. LAMCO required a central platform to store its large portfolio with the capability of stratifying the data as needed by the various divisions within the firm.

“LAMCO wanted a single platform to house our vast portfolio of rates and credit trades for valuation and risk. Calypso provides a solution that precisely meets that need. With robust trade mapping tools to migrate our large population of trades and historical market data, along with the advanced pricing and risk capabilities across multiple asset classes for our counterparties and/or select trades on demand, Calypso allows our team to analyze our trade population more efficiently,” notes Savvas Mavridis, Managing Director at LAMCO. “Calypso provides us critical offerings that allow for an effective execution of our plans via a service hosted environment (SaaS); these include dynamic trade and market data mapping tools, street-tested pricing models and Calypso resources in the Professional Services, Financial Engineers, SaaS and Application teams.”

Calypso will be providing LAMCO with support for both complex and vanilla interest rate derivatives and credit default swaps via Calypso SaaS, the firm’s hosted platform. Calypso SaaS provides a powerful enterprise trading and risk management application in a managed, outsourced environment. By utilizing Calypso SaaS, LAMCO has benefitted from quicker time to market and seamless migration of the firm’s vast trade population into Calypso from previous vendor platforms. Calypso will be providing middle-office and desk-level risk management support. It will also serve as the central market data repository for all third party market data and used by the estate on a historical and go forward basis in the management of LAMCO’s live portfolio.

Charles Marston, CEO of Calypso, comments, “LAMCO is a perfect example of how a firm with even the most complex needs and requirements can rely on Calypso to solve an acute risk management challenge. Calypso offers the most robust derivatives support in the industry and LAMCO recognized our ability to seamlessly migrate and support their complex swaps portfolio. We’re excited to be working with such a unique company and look forward to a successful partnership.”