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CALYPSO RANKED AS TOP SOLUTION FOR CREDIT DERIVATIVES SECOND YEAR IN A ROW

Calypso Technology Inc, a global provider of an integrated trading application suite to the capital markets industry, today announced that Calypso was voted the top trading system for credit in Risk Magazine's 2007 Technology Rankings for the second consecutive year.

Calypso's continued leadership in credit derivatives trading, valuation and execution as well as its growing client base enabled the top ranking for credit. The rankings are based on a poll of industry participants around the world, including banks, hedge funds, pension firms, insurance companies, and corporate treasuries. Respondents were asked to vote for technology vendors that provide the best product offering based on functionality, usability, performance, return on investment, and reliability. Calypso was also ranked in the top three across the following categories:

* Commodities trading system
* Credit trading system
* Cross-asset trading system
* Rates trading system
* Structured Products trading system
* Cross-asset analytics
* Credit analytics
* IAS39 system

Charles Marston, CEO of Calypso, comments, "We are continuing to innovate on behalf of our clients and we are pleased that our dedication to this market has been recognized by Risk Magazine again this year. The success of Calypso's solution drove substantial growth in 2007 and we are looking forward to greater progress next year."