Preliminary results for the year ended 28 February 2018

Kx and First Derivatives Sign an OEM Agreement

26 Jan 2009 | , , , , ,
Share on:

Palo Alto (26 Jan 2009) – Kx Systems, the leader in high-performance database and timeseries analysis, has announced today that it has signed an OEM License Agreement with First Derivatives plc (FDP), a specialist provider of products and services to the capital market technology sector.

The OEM agreement is an important next phase in the successful ten-year relationship between the two companies, during which time FDP was Kx’s strategic sales partner and provided consulting services to Kx clients. This close working relationship in developing high-performance applications has given FDP an inside view of Kx’s technology. Kx’s kdb+ will be embedded in all FDP’s products, which is expected to significantly accelerate implementations and increase productivity. FDP will continue to provide a high degree of customization and bespoke development for its clients.

Commenting on the agreement, FDP’s CEO, Brian Conlon, said: “We have had an outstandingly successful working relationship with Kx Systems for more than ten years and I am delighted it has been strengthened further. The combination of the power of kdb+, our global presence, leadership and expertise in this technology and our extensive intellectual property enables FDP to continue to provide compelling applications in the algorithmic trading, market data, complex event processing (CEP) and risk management spaces. We will also be developing new applications to meet demand in other domains such as telecommunications and utilities.” Conlon adds: “Our decision to use kdb+ as the base for all our products is a clear demonstration of our confidence in Kx.”

Janet Lustgarten, CEO of Kx Systems, commented: “This agreement with FDP strengthens Kx’s OEM focus. The (non- Kx) structures that underlie some legacy approaches to real-time business combined with the increase in data volumes are causing systems to fail. The lack of scalability is due to limitations of the aging relational database and business intelligence technology. Kx’s agreement with FDP will result in high-performance, low latency applications and a fast ROI for clients through substantial reductions in implementation times and costs.”

The agreement between FDP and Kx will result in kdb+ being an embedded engine in all current applications as well as any future products developed by FDP. The agreement terms reflect the companies’ intention of reaching beyond the financial community to provide highly scalable solutions to all industries that are having to cope with vast and growing data volumes.

SUGGESTED ARTICLES

Kx wins ‘Most Innovative Third-Party Technology Vendor for Infrastructure at the 2018 AFTAs

6 Dec 2018 | , , ,

Kx is pleased to announce that the company has won ‘Most Innovative Third-Party Technology Vendor (Infrastructure)’ in the 2018 American Financial Technology Awards on December 3rd, 2018. The American Financial Technology Awards (AFTAs), which is hosted by Waters magazine and Waters Technology, recognize excellence across the FinTech sector, focusing on the implementation and management of […]

Kx parent, First Derivatives announces Interim Results

Interim Results announced

6 Nov 2018 | , , ,

First Derivatives today announces its unaudited results for the six months ended 31 August 2018. Strong growth in software revenue, up 21%, with license revenue up 39% driven by increased demand for Kx technology across our client base. Continued strong demand within our managed services and consulting activities resulting in revenue growth of 19%. Accelerated investment across the business in R&D, sales and marketing and software delivery in response to growth in the Kx sales pipeline across multiple industries.