CALYPSO LAUNCHES CERTIFICATION PROGRAMME

- Accredited training will expand pool of Calypso trained resources in anticipation of client growth

San Francisco, 2 February 2005 - Calypso Technology, Inc., a leading provider of cross-asset front to back trading solutions for the capital markets industry, today announced the launch of its certified training programme for implementation partners and customers. The programme has been developed in response to growing demand for Calypso's software and is built around key requirements which will ensure a quick and successful implementation of the system.

The training programme will build expertise in key functions in the implementation of Calypso, based on best market practices learned during past implementations. The training will allow consulting partners' and clients' in-house teams to conduct fast and efficient implementations. The certified teams of specialists are trained to Calypso's standards and will provide users with greater choice when devising their implementation strategy. A searchable database of certified implementation partners will be available to all Calypso clients.

Kishore Bopardikar, President of Calypso Technology, Inc. said: "Our goal has always been to provide end-to-end service to our customers and we have embarked on several recent initiatives to ensure fast and successful implementations. This initiative allows clients to further utilize existing resources whilst safe in the knowledge that they will not be compromising on quality."

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