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.


First Derivatives Preliminary results for the year ended 28 February 2019

21 May 2019 | ,

FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its audited results for the year ended 28 February 2019. Financial Highlights Year to 28 February 2019 2018 Change Revenue £217.4m £186.0m +17% Gross profit £91.3m £78.5m +16% Adjusted EBITDA* £38.9m £34.1m +14% Profit** before tax £16.7m £12.1m +38% Adjusted*** profit after tax £22.9m £19.5m +17% Adjusted*** […]

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.

Kx selected by Survalent Technology for advanced sensor analytics

Kdb+ sets benchmark for GCP in first-ever cloud STAC-M3 tests

29 Oct 2018 | , ,

(Newry, Northern Ireland, 29 October 2018) Kx announces excellent results for the kdb+ database system in the first-ever cloud benchmark tests performed by the Securities Trading Analysis Center (STAC). Two recent STAC-M3 tests, run on Google Cloud Platform (GCP), validate the use of kdb+ for massive amounts of market data, trade data and database-of-record applications […]