Cypress Appoints Manuel Calderon Vice President of Professional Services

Business Wire, Jan 30, 2007

NORTH RICHLAND HILLS, Texas -- Cypress Software Systems, LP has named Manuel Calderon vice president of professional services. He brings more than 10 years of business, technology and consulting experience to the position, and he will help grow and manage Cypress' professional services division, including product creation, development and delivery.

"Manuel will play an integral role on the Cypress management team as we build and market professional services offerings that will help our clients deploy best strategies and practices when using our Mark IV and BizMark software," said Stephen G. Sargent, president and chief executive officer at Cypress. "His experience at Equifax, BB&T Bank and First Bank Puerto Rico gives him ample experience in this field and provides a unique technology, business and professional services skill-set that will greatly benefit our company and clientele."

Prior to Cypress, Calderon held several positions with Equifax Enabling Technologies that impacted the technology, business and professional services aspects of the company's consumer and small business loan origination products. As senior consultant, he was responsible for the sales, marketing, development and delivery of Equifax's professional services offerings.

Before that, Calderon worked with BB&T Bank of Winston-Salem, N.C., where he held a team leader role in the bank's Information Services, Delivery Systems division. As the lead of the group that supported the loan origination system of the Indirect Lending Group, he was responsible for establishing strategies to maximize the return on investment (ROI) and operational efficiency of BB&T's loan origination software.

Additionally, during his tenure at BB&T, Calderon was involved in several mergers and acquisitions, where he served as the lead for technology selection, systems configuration, workflow optimization and automation of the Indirect Lending Group loan origination credit policies and procedures.

Calderon also served as technology analyst for First Bank of Puerto Rico, where he supervised and managed the bank's consumer loan origination system, and helped its lending groups establish strategies to optimize performance of that system. He also was responsible for management and administration of the bank's networks, servers and databases.

About Cypress Software Systems

Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $200 million or less. Web Site: www.go-cypress.com.