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DataSynapse and Calypso Expand Partnership to Offer Pre-Integrated Grid Computing Solutions to Leading Financial Institutions

- Global banks benefit from joint offering and accelerated deployment of Grid infrastructure -

LONDON – 22 July 2005 – DataSynapse, Inc., the fastest-growing provider of grid-computing solutions for the virtual enterprise, and Calypso Technology, Inc., a leading provider of cross-asset trading solutions for the capital markets industry, today announced that DataSynapse’s GridServer® infrastructure software is now available pre-integrated with the Calypso trading platform.

Traders and risk managers using Calypso can access an enterprise level grid computing solution. Calypso users will benefit from being able to run Calypso’s market-leading solution within a highly scalable environment that optimises available system and data resources across the enterprise. With GridServer, financial institutions can guarantee workload execution and respond to changing business requirements in real time, satisfying the volatile and unpredictable demand for computer processing power.

"The lifeblood of our clients’ business is being able to make informed decisions based on accurate and timely risk calculations and financial projections," said Kishore Bopardikar, founder and president of Calypso Technology, Inc. "Calypso brings to market a superior product offering and flexible IT infrastructure which is able to support high-volume and complex calculations and to improve time-to-results to build a competitive edge. Our partnership with DataSynapse will enable us to further build upon this capability."

The solution, co-developed by Calypso and DataSynapse, has already begun to benefit clients that are using Calypso together with GridServer. One global bank acknowledges that with the jointly deployed solution, it can now easily support an increase in global trading volume without having to incur additional development or support costs.

"The Calypso partnership extends DataSynapse’s leadership position in financial services and provides the market with a robust and seamless solution equipped to handle the speed and capacity requirements demanded by the business," said Mark Mszanski, executive vice president of global field operations at DataSynapse. "The joint offering ensures that users receive a fully optimised solution as new requirements surface for guaranteed application resiliency, resource utilisation and high-performance computing."