Kx and First Derivatives Sign an OEM Agreement

26 Jan 2009 | , , , , ,
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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.

© 2018 Kx Systems
Kx® and kdb+ are registered trademarks of Kx Systems, Inc., a subsidiary of First Derivatives plc.


Kx parent FD, announces Interim results for the six months ended 31 August 2017

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 FD, awarded top UK Tech Company of the Year 2017

2 Nov 2017 | , ,

Kx is pleased to announce that its parent company, First Derivatives plc (FD), won the top UK Tech Company award at the UK Tech Awards 2017 gala on 2 November 2017.
The annual UK tech awards “celebrate success, reward achievement and raise the profile of the UK tech community.  Companies which are eligible for the awards include not only publicly quoted technology companies on the London Stock Exchange’s Main Market, but also AIM tech companies and fast growing and innovative private tech companies,” according to the awards group.