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CALYPSO LEAPS UP THE INC 500 RANKING TO #309 IN 2006

Calypso Technology, Inc., a leading provider of capital markets trading software solutions for global financial institutions, today announced that it has made a substantial leap up the Inc. 500 ranking of fastest-growing private companies in the US. Calypso Technology's 2006 ranking at 309 is 131 places higher than its first appearance in the list in 2005, which positioned Calypso at 440. The Inc. 500 ranking is based on Calypso's three-year sales growth rate of 439.7 % from 2003-2005.

"We are delighted by our upward progress and recognition in the Inc 500 ranking this year. We continue to successfully explore new markets and new opportunities, and that success is reflected in our favorable sales growth," said Charles Marston, Chairman and CEO of Calypso Technology, Inc.