CALYPSO RANKED AMONG FASTEST GROWING PRIVATE US COMPANIES OF 2005

San Francisco, 07 November 2005 - Calypso Technology, Inc., a leading provider of capital markets trading solutions for global financial institutions, today announced it had been ranked as one of fastest-growing private companies in the US by Inc. magazine. The Inc. 500 ranking is based on Calypso's achievement of a high three-year sales growth rate.

Calypso has seen strong growth in demand for its integrated trading system in recent years and has been selected by financial institutions such as Citigroup, HSBC, Bear Stearns, Dresdner and Wells Fargo. During this time, Calypso has also expanded its global presence and significantly increased headcount worldwide.

"Inclusion in a prestigious ranking like the Inc. 500 underlines Calypso's strong performance and the value of the solutions we bring to the market. It also demonstrates that not only is there a genuine need for capital markets trading solutions, but that the Calypso offering can competently meet that need. We are building a company for continued growth, and are pleased to be recognized for our past performance," added Charles Marston, Chairman and CEO of Calypso Technology, Inc.

The Inc. 500 ranks privately held companies in North America according to year-over-year sales growth from 2001 to 2004. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Timberland, Oracle, Morningstar, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses. The full ranking is published in the November issue of Inc. magazine.

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