FD to buy out minority Kx Systems shareholders

2 Jul 2018 | , ,

FD (AIM:FDP.L, ESM:FDP.I) announces that it has reached agreement with the minority shareholders of Kx Systems, Inc. (“Kx Systems”), a subsidiary of the Group, regarding the acquisition by FD of their entire remaining shareholding (the ‘Transaction’). Upon completion of the Transaction, which is expected to take place on or before 29 June 2019, FD will own 100%

Interim Results announced

7 Nov 2017 | , ,

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the six months ended 31 August 2017. Strong growth in software revenue, up by 32% to £52.2m (H1 2017:£39.5m), with recurring software revenue up by 44% to £19.6m (H1 2017: £13.6m). Strong demand and strategic progression in Managed Services and Consulting with revenue growth of 8% to £35.6m (H1 2017: £32.9m).

Kx parent First Derivatives, announces preliminary results for the year ended 28th Feb 2017

16 May 2017 | , , , ,

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2017. Strong growth in software revenue, up 47% as a result of new contract wins and continued penetration of the existing customer base. Our Software division, branded as Kx technology, grew by 47% powered by 55% growth in FinTech and 39% growth in MarTech, where our offering is delivering on early potential

Management transition at Kx Systems Inc.

24 Nov 2015 | , , , , ,

Palo Alto (Nov 24, 2015) – First Derivatives plc subsidiary Kx Systems, a leader in high-performance database and time-series analytics, today announces some key management changes. The changes follow a recent board review of First Derivatives’ wider group leadership focussed on delivering strategic priorities, customer benefits and sales and marketing efficiencies. Kx Systems CEO and

Kx Systems gets expanded investment from shareholder First Derivatives

31 Oct 2014 | , , , , ,

Palo Alto, CA (31 Oct 2014) – Kx Systems (Kx) announced today that long-time partner First Derivatives is now a majority shareholder ownership of Kx from 20% to roughly 65%. Janet Lustgarten, CEO Kx Systems, commented on the deal: “The transaction will allow Kx to significantly increase its financial investment in marketing and sales to help