Calypso Technology Ranks #1 in System Implementation Efficiency in 2011 Risk Magazine Technology Rankings

SAN FRANCISCO--(BUSINESS WIRE)-- Calypso Technology, Inc., the global capital markets platform provider, today announced that it has won first place in the Risk Magazine Technology Awards 2011 for “System Implementation Efficiency.” The rankings reflect the outcome of a Risk Magazine poll of thousands of banks, hedge funds, pension firms, insurance companies and corporate treasuries on leading risk technology providers.

More than 35 Calypso customers underwent implementations in 2011, either going into production or upgraded. "We are pleased that our implementation efficiency was highlighted in this year’s Risk Technology Rankings," states Kishore Bopardikar, President and CEO of Calypso. "Providing our clients with fast time-to-market has always been a top priority," he explains. “This accomplishment is an affirmation of the maturity of our delivery model.”

Calypso Technology is a recognized leader in enabling customer success. In 2007, the company introduced Calypso Fast-Track, a rapid deployment solution that accelerates delivery, maximizes quality and reduces project risk during the implementation cycle. While each customer implementation has unique characteristics and value-add customizations, Calypso Fast-Track leverages use of industry standard practices and out-of-the-box pre-configurations for various industries to accelerate deployment.

"Cost reduction is a major focus for clients today," continues Mr. Bopardikar. "Timely delivery and greater efficiency are key to achieving this goal. As our clients strive to improve their businesses, we are committed to enabling them. Our implementation efficiency is a cornerstone of their success - we remain focused on continuously improving and streamlining the delivery process."

Notes to Editors

About Calypso Technology, Inc.

Calypso Technology offers financial institutions and corporate treasuries an integrated trading, risk and processing software platform which provides a solid, modern foundation for future business growth. Over 130 customers, including eight of the top ten banks, license the Calypso system to better manage positions and risk globally, across assets, for derivatives and treasury products.

The Calypso Trading and Risk Management Platform is the industry’s first application software suite built from the ground up to be a front to back office, cross-asset system for derivatives and treasury products. With fifteen global offices and over 600 employees, Calypso has been recognized for its award-winning innovations and strong customer service culture. “Calypso” is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions.

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Source: Calypso Technology, Inc.