CALYPSO INCREASES CAPACITY GLOBALLY TO CATER FOR CLIENT DEMAND

-Calypso announces expansions in North America, Europe and Asia-Pacific

-San Francisco headquarters doubles in line with ongoing investment in research and development

-Calypso opens office in Singapore

San Francisco, 22 March 2005 - Calypso Technology, Inc. (Calypso) a leading provider of cross-asset front to back trading and trade processing software systems, announced today that it has expanded its presence globally to accommodate recent hires and in anticipation of further recruitment plans for 2005. Recent new client wins and a strong outlook for 2005 have fuelled growth in all regions, and the company is increasing capacity in response to the growing number of customers.

Calypso's San Francisco headquarters has more than doubled in capacity in order to accommodate the increase in headcount. In addition, Calypso is expanding in each of its key geographic markets:

· In the Americas, Calypso's New York office has expanded with new hires and relocated to mid-town Manhattan, close to several key clients.
· In addition to growing and relocating its Sydney office, Calypso has also opened an office in Singapore as part of ongoing investment in the Asia-Pacific region. As a leading financial centre in Asia, Singapore was chosen for its proximity to the leading banks and as a strong location for recruiting industry talent. Calypso has had offices in Sydney since 2001 and Tokyo since 2002.
· Europe has seen continued growth with the expansion of the London office. Calypso has had a presence in Europe since 1998 and also has offices in Paris and Frankfurt.

Charles Marston, Chairman and CEO of Calypso Technology, Inc. said: "2004 was another profitable year for Calypso. The strong demand for our product translates to an increased need for Calypso's technical expertise. In order to support our steadily growing customer base, and to respond to the opportunities in the markets we serve, we have been actively recruiting talented professionals with experience in a variety of product areas with a special emphasis on pre-sales and post sales client support. The growth we are experiencing is exciting for us and we look forward to continued success in all regions."

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