27.07.2008

Applicon , a leading provider of services and software solutions to the financial services industry in the Nordics, today announced that it has signed a cross Nordic Implementation Partner agreement with Calypso Technology Inc., a leading provider of capital markets trading software solutions. The partner agreement covers the Nordic countries and the United Kingdom.

"We are dedicated to serving the financial industry with state-of-the-art standard software applications and complementary services, and view the agreement with Calypso as a strategic platform upon which we will leverage to grow our Nordic and UK operations in the capital markets area. With Calypso and SAP as cornerstones in our portfolio, we are well-equipped to cover the needs of banks and other financial services companies. Calypso enables us to serve the entire lifecycle of a broad range of capital markets instruments for any financial institution. The time is right as there is a strong trend to exchange tailormade legacy systems for standard applications," Arne Nabseth, MD of Applicon Sweden.

Mikael Lindh, Sales Manager Nordic Markets for Calypso Technology, adds: "With ten years of development invested in the Calypso application and a strong Nordic partner, we are well positioned to serve the diverse trading and risk management requirements of the Nordic capital markets. Working with Applicon ensures that we can combine the Calypso skill set with in-depth local market knowledge to respond efficiently to market-specific requirements."

About Applicon

Applicon is based in Stockholm, Copenhagen, Reykjavík and London. Applicon's mission is to empower customers to gain leadership through flexible standardised business applications and intelligent consultancy.

About Calypso Technology, Inc.

Calypso Technology, Inc. is a global application software provider that delivers an integrated suite of trading applications to the capital markets industry. Over 80 customers, including seven of the top ten banks, use the Calypso Trading and Risk Management Platform - the first integrated application suite for derivative and treasury products. "Calypso" is a registered trademark of Calypso Technology, Inc in the United States, the European Union and other jurisdictions.