REG - FD Technologies PLC - General availability of kdb Insights Enterprise

FD TechnologiesAnnouncement

20/03/2023 07:00

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RNS Number : 4168T  FD Technologies PLC  20 March 2023

 

 

20th March 2023

FD Technologies plc

("FD Technologies" or the "Group")

 

KX announces general availability of kdb Insights Enterprise on Microsoft
Azure

 

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces the general
availability of kdb Insights Enterprise on Microsoft Azure, representing a
significant milestone for the strategic partnership with Microsoft announced
in March 2022.

 

kdb Insights Enterprise on Microsoft Azure is an enterprise-ready, real-time
analytics engine with the world's fastest time-series database (kdb) at its
core, running natively on Azure. It represents the industry-first Data
Timehouse, a new class of data and AI management platform designed for
temporal data generated by digital transformation. It provides data scientists
and application developers with precision access to temporal data on real-time
and massive historical datasets with the Azure native tools they use today.

 

Engineered by KX, kdb Insights Enterprise on Microsoft Azure enables
businesses to transform into real-time intelligent enterprises, with preview
customers reporting up to 100x the performance at one tenth of the cost of
competing solutions.

 

KX has developed a go-to-market strategy to target those businesses where the
processing and analysis of time series and machine data is a critical business
requirement. Customers also benefit from being able to use their Azure
Consumption Credits, simplifying adoption, billing and payment.

 

Ashok Reddy, KX CEO, commented: "The launch of kdb Insights Enterprise on
Microsoft Azure as a first party service is a watershed moment for KX.
Representing the industry's first Data Timehouse, it enriches data warehouse
and lakehouse technologies and gives customers access to the power and
performance of kdb with all the benefits of the Azure platform. It enables
companies in all sectors to accelerate their AI and ML analytics workloads,
putting data driven decision science at the very heart of their business for
enhanced operational and commercial outcomes. We continue to see enormous
opportunity for our strategic partnership with Microsoft, helping to underpin
our growth expectations."

 

Corey Sanders, Corporate Vice President of Microsoft Cloud for Industry said:
"In partnership with KX, we're excited to launch the industry's first data
timehouse on the Azure platform. While in preview, we have already seen
impressive results for customers in capital markets, healthcare,
manufacturing, and energy. We look forward to working with KX to help
businesses achieve transformative growth with kdb Insights Enterprise on
Azure."

 

Enquiries

For further information please contact:

 

 FD Technologies plc                               +44(0)28 3025 2242

 Seamus Keating, Chief Executive Officer           www.fdtechnologies.com (http://www.firstderivatives.com)

 Ryan Preston, Chief Financial Officer

 Ian Mitchell, Head of Investor Relations

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0) 20 7597 5970

 Carlton Nelson

 Virginia Bull

 Goodbody (Euronext Growth Adviser and Broker)     +353 1 667 0420

 David Kearney

 Don Harrington

 Finbarr Griffin

 J.P. Morgan Cazenove (Broker)                     +44 (0) 20 7742 4000

 James A. Kelly

 Mose Adigun

 

About FD Technologies

FD Technologies is a group of data-driven businesses that unlock the value of
insight, hindsight and foresight to drive organisations forward. The Group
comprises KX, the leading technology for real-time continuous intelligence;
First Derivative, which provides technology-led services in capital markets;
and MRP, the only enterprise-class, predictive Accounts Based Marketing
solution. FD Technologies operates from 14 locations across Europe, North
America and Asia Pacific, and employs more than 3,100 people worldwide.

For further information, please visit www.fdtechnologies.com
(http://www.fdtechnologies.com) and www.kx.com (http://www.kx.com)

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