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CALYPSO BUILDS GERMAN PRESENCE WITH NEW APPOINTMENT

- Germany identified as strategic region of growth for the company

San Francisco, 14 March 2005 - Calypso Technology, Inc., a leading provider of cross-asset front to back trading and trade processing software systems, today announced the appointment of Anoop Sonpar as Regional Sales Manager, Germany and Austria.

Based in Frankfurt, Sonpar will be responsible for driving sales of Calypso's leading-edge technology in the German and Austrian markets. Sonpar joins from Front Capital Systems, where he served as account manager and was also responsible for business development in Germany. Prior to joining Front, Sonpar spent over five years building Cognotec's German business.

"Calypso's best of breed cross-asset solutions are perfectly suited to the rapidly changing German banking landscape," said Sonpar. "I am confident that we will succeed in bringing a compelling message to the market and a number of German banks will recognise the benefits of Calypso's modern architecture to power their franchises. I am convinced that our leadership position and domain expertise in derivatives, particularly credit, will make us the partner of choice in Germany."

Kishore Bopardikar, President of Calypso Technology, Inc. stated: "The appointment of Anoop Sonpar to spearhead sales and business development in the region will allow us to grow our existing customer base in Germany. Anoop's strong track record of business development in the region as well as his experience in senior relationship management for financial software providers is an important asset for Calypso. It is also a further sign of our commitment to the German market."