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Calypso recognized again as most popular credit derivatives solution

San Francisco, 13 January 2005 - Calypso Technology, Inc. a leading software provider of cross-asset front to back trading and trade processing systems, announced today that a recent Creditflux survey of 31 leading banks revealed Calypso software to be the most popular vendor solution for their credit derivatives businesses.

Creditflux questioned representatives of 31 banks about their technology infrastructure for credit derivatives. Respondents included global banks as well as Tier 2 European and North American firms.

Other independent analysts and publications ranking Calypso as the top credit derivatives vendor system in the past year include Celent Communications and Risk Magazine.