CALYPSO BUYS MAKER OF GALAPAGOS PORTFOLIO PLATFORM

Posted February 26, 2009

SAN FRANCISCO – Capital markets trading application provider Calypso Technology Inc. has acquired Codefarm, the Brighton, England-based operator of Galapagos, a portfolio construction and management platform.

“Galapagos is an excellent addition to the Calypso portfolio,” says Charles Marston, Chairman and CEO, Calypso Technology. “There are clear synergies from this transaction, including an expected strong and seamless cultural fit among the staff, and a unique opportunity to leverage our combined talented resources to develop innovative solutions that relieve market pain – particularly in the areas of restructuring and capital efficient risk mitigation in the credit markets.”

Galapagos took approximately 50 man-years to develop, applying evolutionary or genetic algorithms to the optimization problems inherent in the world of structured credit. It enables arrangers, managers, risk professionals and investors to explore the efficient frontier of risk and return. Calypso Technology will now leverage Galapagos for its existing product and service offerings and continue to expand its application within the capital markets space.

“We are very pleased to be joining forces with Calypso Technology,” says John Mooren, who is joining Calypso from Codefarm, as General Manager. “The firm has a solid understanding of the Galapagos offering and the marketplace. We are already expanding the Galapagos platform into new markets.”