Kx Systems Expands Presence in Europe with First Derivatives LTD. Partnership

1 Mar 1999 | , , , ,
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Palo Alto (1 Mar 1999) – Kx Systems, a Palo Alto-based software company, announced today that it has formed a partnership with First Derivatives Ltd. (FDL). FDL is a derivatives and risk management consulting firm located in Northern Ireland, with extensive experience in banking and insurance IT. Their alliance with Kx Systems will allow them to deliver financial engineering and risk management solutions based on Kx Systems’ technology. Under the terms of their agreement, FDL will implement and maintain client system solutions using Kx Systems’ database manager, Kdb, and its development platform, K. FDL will provide marketing and sales support to Kx Systems and technical support to Kx customers in Europe.

“Strategic partnerships such as this one with FDL are the key to our company’s growth right now. We have taken a long view towards building value in our products and our company, and we feel that now is the time to extend our reach by forming alliances with consultants who can truly capitalize on our technology,” said Janet Lustgarten, President and CEO of Kx Systems. “Our products produce superior results for ‘industrial strength’ applications. This is a perfect fit for the types of problems FDL is involved in solving. Their clients are large financial institutions with complex, mission-critical applications.”

FDL is a privately owned firm founded in 1996. It is a derivatives consulting firm specializing in providing services to large international banks, investment banks and software companies. Their clients are located throughout Europe including Germany, Sweden, France, Austria and the UK. The company provides the following services to its customers: financial engineering; risk management; training services; software development services, and systems implementation and integration services. The principals of the firm, Brian Conlon and Michael O’Neill, have deep expertise in financial/mathematical modeling, with a particular focus on risk management.



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% […]

Preliminary results for the year ended 28 February 2018

Preliminary results for the year ended 28 February 2018

22 May 2018 | ,

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2018. Financial Highlights Revenue £186.0m (2017: £151.7m) +23% Adjusted EBITDA* £34.1m (2017: £28.8m) +19% Profit before tax £12.1m (2017: £12.5m) -3% Adjusted** profit after tax £19.5m (2017: £16.1m) +21% Adjusted** fully diluted EPS 72.2p (2017: 61.3p) +18% Full year dividend 24.0p per […]

Kx offers kdb+ on-demand for Cloud and on-premises

Kx offers kdb+ on-demand for Cloud and on-premises

27 Mar 2018 | ,

PALO ALTO, CA (27 March 2018) Kx Systems announces that it has released a subscription-based version of kdb+, its core technology. Kdb+ on demand has a new flexible pricing model which makes it widely accessible to programmers for all uses. This model is available for use on premises, as well as to meet the rising […]