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October 17, 2017: Calypso Technology sees rapid growth for its Cloud Services Offering in 2017

NEWS BITES - PRIVATE COMPANIES

Calypso Technology Inc., a leading provider of innovative cross-asset capital markets and investment management software, announced today that it has seen a rapid increase in demand for Calypso Cloud Services.

"Calypso plans to continue aggressive investments in Cloud Microservices and Blockchain solutions to streamline IT operations. There is no doubt financial services will increasingly adopt cloud, and we want to lead and accelerate the capital markets transformation through our Cloud services offerings."

- Tej Sidhu, CTO, Calypso Technology

The Calypso Cloud Services division, which launched last year, has seen impressive client demand for its services, accounting for 60% of all new name client bookings in 2017.

The division added a wide range of new clients, including major banks in the US and EMEA, notably a multi-trillion dollar asset manager and a global financial services provider in respective regions.

In addition to Calypso's enhanced flagship Software-as-a-Service (SaaS) offering, which delivers award-winning cross-asset, front-to-back trading platform on the Cloud, Calypso is also developing Cloud-based enterprise solutions and microservices that manage Collateral, Liquidity, Clearing, Post-Trade Services and simplify regulatory compliance with a minimal IT footprint. They also offer a Cloud-based utility solution, which enables large third party service providers to manage the back offce operations of multiple clients simultaneously. The Calypso Cloud Services division is seeing a rising interest in Clearing Utility Service Offerings through its strategic partnerships.

"We are thankful to our customers for their support and confidence in our Cloud services," said Calypso's Chief Customer Officer Corinne Grillet. "Financial institutions are increasingly embracing Cloud strategies to reduce costs and accelerate regulatory compliance, and we are pleased to be a trusted partner on innovative Capital Markets Cloud and Microservices Solutions".

"Calypso plans to continue aggressive investments in Cloud Microservices and Blockchain solutions to streamline IT operations," said Calypso CTO Tej Sidhu. "There is no doubt financial services will increasingly adopt cloud, and we want to lead and accelerate the capital markets transformation through our Cloud services offerings".

"The Cloud represents a huge opportunity for our partner community," said Inderjeet Singh, Executive Vice President, ISV, OEM and Java, Oracle. "Calypso's commitment to innovation with Oracle Cloud and track record of quality execution can help ensure our mutual customers receive secure, scalable, reliable and cost effective solutions."

Calypso enables a wide range of banks, investment managers, and clearing firms to consolidate disparate businesses onto a single platform, standardize workflows, achieve economies of scale, and enable enterprise-wide transparency of trading and risk.

INDEX

SECTION 1 CALYPSO TECHNOLOGY, INC. PROFILE

SECTION 2 OTHER NEWS: 2017

SECTION 3 OTHER NEWS: 2016

SECTION 4 OTHER NEWS: 2015

SECTION 1 CALYPSO TECHNOLOGY, INC. PROFILE

1.1 ACTIVITIES

Calypso Technology, Inc., a financial software and services company, delivers trading, risk, processing, and control platform solutions for financial institutions and corporate treasuries. It offers cross-asset front-to-back office, risk management and control, processing and accounting, cash and liquidity management, and front office support solutions. The company also provides counterparty clearing and processing solutions; collateral management and securities finance solutions for agent lenders, broker dealers, custodians, asset managers, and hedge funds in Europe, the United States, and Asia; and front-to-back foreign exchange and non-foreign exchange cash structure solution for banks, hedge funds, corporate, and asset managers. In addition, it offers its platform for derivatives and treasury products. The company serves sell-side financial institutions, such as banks and prime brokers; buy-side firms, including asset managers, hedge funds, insurers, and corporations; and treasury services providers, such as exchanges, clearers, and service consortiums. Calypso Technology, Inc. was founded in 1997 and is headquartered in San Francisco, California with additional offices in the United States and internationally.

1.2 SUMMARY

PermID: 4296865804

Website: http://www.calypso.com

Industry: Software and Technology Servic

SECTION 2 OTHER NEWS: 2017

October 18: BBVA and BBVA Bancomer deploy DLT-based FX matching pilot from Calypso Technology and R3

Leveraging distributed ledger technology and cloud services, BBVA and BBVA Bancomer are piloting an FX matching application developed by Calypso Technology, a leading provider of cloud-based cross-asset trading software solutions for the financial markets, and enterprise software firm R3. The application, which runs on R3's Corda platform and is facilitated by Calypso's cloud services, has already been used by the two banks to match a live FX trade.

"Calypso sees Distributed Ledger Technology as an important component of our innovative offerings to transform the post-trade processing operations. We are excited, that after successful completion of the initial PoC, BBVA, BBVA Bancomer and our strategic blockchain partner R3, have engaged in the next phase of Calypso FX Matching Distributed Ledger Technology service supported by our Cloud services."

- Mayank Shah, Head of Strategy, Marketing and Alliances, Calypso Technology

Following a successful proof-of-concept earlier this year, the pilot was developed by BBVA, R3 and Calypso to enable seamless, real-time FX trading between banks and their counterparties, providing an alternative to the slow and costly systems and processes used for FX trade matching today.

Currently, financial institutions rely on systems that often struggle to communicate with each other, frequently causing errors in the matching process.

October 17: Calypso Technology sees rapid growth for its Cloud Services Offering in 2017

Calypso Technology Inc., a leading provider of innovative cross-asset capital markets and investment management software, announced today that it has seen a rapid increase in demand for Calypso Cloud Services.

"Calypso plans to continue aggressive investments in Cloud Microservices and Blockchain solutions to streamline IT operations. There is no doubt financial services will increasingly adopt cloud, and we want to lead and accelerate the capital markets transformation through our Cloud services offerings."

- Tej Sidhu, CTO, Calypso Technology

The Calypso Cloud Services division, which launched last year, has seen impressive client demand for its services, accounting for 60% of all new name client bookings in 2017.

The division added a wide range of new clients, including major banks in the US and EMEA, notably a multi-trillion dollar asset manager and a global financial services provider in respective regions.

In addition to Calypso's enhanced flagship Software-as-a-Service (SaaS) offering, which delivers award-winning cross-asset, front-to-back trading platform on the Cloud, Calypso is also developing Cloud-based enterprise solutions and microservices that manage Collateral, Liquidity, Clearing, Post-Trade Services and simplify regulatory compliance with a minimal IT footprint.

SECTION 3 OTHER NEWS: 2016

January 07: Calypso Recognized as a Leader in Gartner's 2015 Magic Quadrant for Trading Platforms: Positioned furthest for "Completeness of Vision" in the Leaders Quadrant

SECTION 4 OTHER NEWS: 2015

October 13: Calypso Technology, Inc.: Growing pains - The boom in buy-side derivatives usage

The newly released Asia Risk and Calypso Technology "Buy-side Derivatives survey" reveals that trading of derivatives contracts is steadily rising among investment management firms. Survey Respondents identified primarily an increase in the use of forex derivatives followed by equity and interest rate derivatives as leading this trend. The global survey was conducted over a six week period and was completed by 189 senior executives from asset management firms, insurance companies and pension funds.

"Derivatives are now institutional investors' bread and butter. It has become a core function of investment firms to trade swaps and futures."

- Sylvain Privat, Head of Investment Management solutions, Calypso Technology

The reasons for this trend include an increased familiarity with these instruments, the growing recognition they can boost returns and reduce risk, and a desire to access a wider range of assets of different types and in different geographies.

"Derivatives are now institutional investors' bread and butter," says Sylvain Privat, head of investment management solutions at Calypso Technology. "It has become a core function of investment firms to trade swaps and futures."

Buy-side concerns Some 80% of respondents had either significant or modest concerns around operational and risk management with respect to OTC derivatives.

June 02: Calypso Introduces Bank-in-a-Box for Capital Markets

[Company Release]

Calypso Technology, Inc., the standard for treasury and capital markets software, has developed an industrialized blueprint for reducing complexity and cost in banks. The Calypso Bank-in-a-Box solution is a complete, auditable target operating model for capital markets with pre-figured business processes and operating manuals. With it, banks can focus more on revenue and less on technology.

"The need to consolidate our technology stack was clear, but the solution was not so obvious. Bank-in-a-Box eliminates redundant processes, standardizes business workflows and provides compliance with our operational risk mandate. We have more time to focus on our customers."

- Jan-Peter Larsson, Global Head of Markets, Swedbank

Calypso 'Bank-in-a-Box' was developed in collaboration with a group of global banks to streamline, consolidate and document their processes and systems in the face of market and regulatory changes.

"Bank-in-a-Box challenges the notion that trading technology should be proprietary," said Charles Marston, Chairman and CEO of Calypso Technology. "This fundamental re-think of capital markets technology will not only reduce costs, it permits banks to focus on the delivery of value-added solutions to their clients."

"The need to consolidate our technology stack was clear, but the solution was not so obvious," said Jan-Peter Larsson, Global Head of Markets Swedbank.

April 08: Banque Pictet & Cie SA Live on Calypso for Collateral Management

[Company Release]

Calypso Technology, Inc., a leader in Capital Markets software solutions, announced today that Banque Pictet & Cie SA, headquartered in Geneva, has gone into production with the Calypso collateral management solution to consolidate all collateral activities across its many businesses on a single platform. In doing so, the bank has implemented a standalone, centralized collateral management system aggregating collateral pools from the bank's core banking system for processing margin calls. Calypso will be used to manage internal as well as client collateral.

As a leading European independent wealth and asset manager with assets under management or in custody totaling CHF 435 bn in December 2014 (EUR 361 bn, USD 437 bn), Pictet's customers include institutional asset managers, funds, family offices and other banks. The previous collateral operation was largely manual and unable to scale with the growing business and associated customer agreements. Furthermore, the bank needed to meet new regulations requiring initial margin for both listed and OTC contracts. Calypso met the functional requirements and demonstrated an outstanding ability to interface to Pictet's core banking system and key downstream systems such as AcadiaSoft for margin call confirmations and messaging for collateral pledges.

March 17: Calypso Technology, Inc.: Calypso Ranked #1 Treasury and Capital Markets Solution in 2015 IBS Journal Sales League Table

[Company Release]

Calypso Technology, Inc., the leader in Capital Markets software solutions, announced today that Calypso is the top selling treasury and capital markets system according to the IBS Journal 2015 Sales League Table, an annual ranking of core back-office system sales to new name customers across banking, treasury and capital markets.

"We are proud to be at the top of this league table for the sixth year running. This accomplishment is a reaffirmation of the hard work and coordination across our organization - from product and engineering to sales and customer services - in supporting our mission to be the market standard in capital markets."

- Charles Marston, Chairman and CEO, Calypso Technology

Calypso has held the wholesale banking system #1 position in the IBS Journal sales league table for six consecutive years. According to the 2015 league table, Calypso added 50% new name business since last year. Calypso's significant new name wins included Credit du Nord, Banque de France, Banco de EspaNa, Pacific Life as well as 10 other banks in the Americas, Europe, Africa and APAC. Sales to the front office and corporate treasuries were not counted in the survey.

According to the IBS article accompanying the league table: "In the three main categories (universal banking, treasury and capital markets, and private banking), there are now between one and three clear market leaders, picking up the bulk of the deals.

March 10: Calypso to Launch CATT Automated Testing Tool to Dramatically Reduce Client Implementation Risk and TCO

[Company Release] Calypso Technology, a leading provider of capital markets software, announced today it will be introducing Calypso Automated Testing Tool (CATT), a premier software automated testing solution, specifically designed to reduce total cost of ownership (TCO) and implementation risk by enabling customers to minimize the time and costs associated with the software testing required prior to upgrades and new installations by up to 40%. CATT includes a suite of pre-configured test cases based on common business logic that is deployed on an easy-to-use web interface. Calypso is the first capital markets software provider to deliver a robust automated testing solution for its cross-asset front-to-back office platform.

"Our vision is to develop CATT as the foundation for all project management, release management, maintenance and configuration management - to not only augment implementations but to create value for customer throughout the entire product lifecycle."

- Keith O'Brien, SVP of Calypso Professional Services, Calypso Technology

CATT is also available as an integral part of Calypso Testing Services, a managed services offering, to deliver a powerful combination of automated software testing and intellectual manpower.

March 02: Calypso Positioned as a 'Leader' in the 2014 Gartner Magic Quadrant for Trading Platforms

[Company Release]

Calypso Technology, Inc., a leader in Capital Markets software solutions, announced today that it has been named a Leader in the latest Magic Quadrant for Trading Platforms by Gartner Research. The report recognized Calypso as a leading provider of trading platforms solutions based on its "ability to execute" and "completeness of vision." This is Calypso's third consecutive inclusion as a Leader in Gartner's Magic Quadrant.

"Being selected as a Leader in Gartner's Magic Quadrant is an honor and we believe a testament to the results of the continuing investment we have made in our employees, product, technology, our clients and partners."

- Charles Marston, Chairman and CEO, Calypso Technology

According to the report, Gartner describes Leaders as vendors who "tend to possess high-order market understanding, global execution and strong R&D capabilities, and funnel progressive innovation into their product roadmaps. These vendors offer the broadest product functionality and cross-industry segment execution capabilities."

The Calypso platform enables a wide range of sell-side, buy-side and clearing firms to consolidate disparate businesses onto a single platform in order to standardize processing flows, achieve economies of scale, enable enterprise-wide transparency of trading and risk, and reduce ongoing maintenance and support.

January 28: Calypso Platform to Support BCBS/IOSCO Requirements for Margin on Non-Cleared Derivatives

[Company Release]

Calypso Technology, a leader in Capital Markets software, today announces it will be releasing a new solution for calculating the Initial Margin required on noncleared derivatives trades. The solution meets the requirements of the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) for margin requirements on non-centrally cleared derivatives.

"We are particularly excited to bring the same risk margin framework that is already deployed at leading clearing houses and adapt the models to meet the requirements for non-cleared derivatives. Users can draw confidence from the fact that this new service is built on the same proven scalable industry standard solution."

- David Little, Managing Director of Business Development, Calypso Technology

Since the global financial crisis, Calypso has been the innovative leader in developing solutions for OTC derivatives central clearing and collateral management for all capital market participants including clearing houses, banks, clearing brokers and derivatives end-users. For the non-cleared market, Calypso will offer a new Margin Calculation Module to provide a margin calculation capability that meets both CFTC and ESMA requirements, as well as the ISDA SIMM (Standard Initial Margin Model) Methodology.

The new solution will be available to existing Calypso customers as an additional module, and firms that are not Calypso customers will be able to access a cloud-based Utility Service.

PermID: 4296865804

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