REG - FD Technologies PLC - KX Strategic Partnership Agreement with Microsoft

FD TechnologiesAnnouncement

01/03/2022 07:16

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RNS Number : 1267D  FD Technologies PLC  01 March 2022

 

1 March 2022

FD Technologies plc

("FD Technologies" or the "Group")

 

KX Strategic Partnership Agreement with Microsoft

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that it has
entered into a strategic partnership agreement with Microsoft to expand the
reach of its KX Insights streaming data analytics platform as more
organisations look to modernise their data infrastructure for real-time
decision making. Firstly, KX Insights will be embedded natively on the
Microsoft Azure platform as a first class service, with KX generating revenue
based on consumption. Secondly, KX has agreed to work with Microsoft to target
new applications and services that will accelerate innovation and growth for
organisations in the financial services sector.

KX Insights on Azure

KX recognises there is a growing demand across industries for analytics
solutions that can efficiently support client needs across both real-time
streaming and historic data to enable real time business-critical decisions.
KX Insights on Azure will enable customers to store and access their data
using complex event processing, high-performance analytics and machine
learning interfaces on one unified and easy-to-use platform. Tightly
integrated within Microsoft's intelligent cloud ecosystem, the platform will
work seamlessly with Microsoft services.

Designed for ease of deployment and commercial adoption, KX Insights on Azure
represents a first-of-its kind native integration of a third-party streaming
analytics solution on Azure. It will provide a quick and easy experience for
customers to boost productivity, enabling significant cost reductions over
legacy systems and will contribute towards an organisation's Azure consumption
commitment. This aligns incentives for Azure and KX sales teams, enabling
greater collaboration and engagement on sales and marketing initiatives with
enterprise clients.

Joint development for capital markets

Additionally, KX intends to work with Microsoft to develop applications and
services, leveraging KX's capabilities as the world's fastest time-series
database as a core building block. This collaboration aims to help the capital
markets ecosystem including exchanges, buy-side firms and sell-side
institutions create high-value insights that facilitate real-time decision
making.

Seamus Keating, CEO of FD Technologies, said: "This strategic partnership with
Microsoft accelerates our mission to enable organisations to drive value from
their real-time data assets. Enterprises will benefit from the unrivalled
performance, scalability and security of KX Insights optimised for Microsoft
Azure. In addition, we are excited to partner with Microsoft in developing
technology solutions that address the demanding requirements of financial
services organisations, particularly in capital markets where KX has a
market-leading position. This is a landmark agreement for KX, with significant
strategic benefits supporting our growth ambitions."

Bill Borden, Corporate Vice President of Worldwide Financial Services at
Microsoft said: "KX Insights delivers industry leading, real-time streaming
analytics solutions that transform how firms derive insights from market
data.  Combining the full range of Microsoft's Intelligent Cloud capabilities
with KX technology and expertise, we look forward to empowering our capital
markets and financial services customers with new, compelling solutions for
faster decision-making and innovation."

 

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

 Andrew Pinder

 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

 FTI Consulting (PR Adviser)                       +44 (0) 20 3727 1000
 Matt Dixon
 Dwight Burden
 Elena Kalinskaya

 

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 15 offices across Europe, North
America and Asia Pacific, and employs more than 3,000 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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