RCS - First Derivatives - Appointment of Eric Raab as KX CTO

FD TechnologiesAnnouncement

01/03/2021 07:00

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RNS Number : 5807Q  First Derivatives PLC  01 March 2021

1 March 2021

 

First Derivatives plc

("FD" or the "Group")

 

Appointment of Eric Raab as KX CTO

 

FD (AIM: FDP.L, Euronext Growth: FDP.I) announces the appointment of Eric Raab
as Chief Technology Officer (CTO) for KX, the Group's ultra-high-performance
analytics software business, with effect from 1st March 2021. He will report
directly to Seamus Keating, FD's Chief Executive Officer. In this role, Eric
will have responsibility for research and development and the technology
roadmap at KX, with a focus on accelerating expansion of its platform across
industries.

 

As an accomplished technologist and leader in software, cloud technologies,
infrastructure, and SaaS product delivery, Eric brings a wealth of CTO
experience gained at high-growth technology companies serving a broad range of
industries. He joins FD from Information Builders Inc., a leading data and
analytics software company which was recently acquired by TIBCO, a privately
held company specialising in high-performance data analytics. As CTO at
Information Builders, Eric oversaw and managed all technology projects within
the firm including software research and development and quality assurance.
Prior to that, Eric was CTO of Yodle Inc. a digital marketing firm acquired by
Web.com (NASDAQ: WEB). Eric has also held CTO and senior engineering positions
within telecoms and networking firms, including at M5 Networks and Line2.

 

Eric's extensive experience designing and delivering cloud infrastructure
strategies as well as leading product development is highly relevant to KX's
growth strategy.  In addition, Eric is an accomplished speaker and writer
with more than 20 papers published in leading trade journals, as well as the
inventor on two patents. He holds a Bachelor of Arts degree in Physics and
Mathematics from Columbia University and a Ph.D. in Atomic and Molecular
Physics from the Massachusetts Institute of Technology.

 

Commenting on his appointment, Eric Raab said: "It's an incredibly exciting
time to join KX. As the volume and complexity of data continues to grow
unabated, it is driving change across all sectors. Organisations are looking
for a partner who can help them achieve tangible business value from their
vast historic data and what comes in real time, whether it's in the cloud or
at the edge, and KX is well positioned to address this need."

 

Seamus Keating, CEO of FD, commented: "The real time data analytics market
continues to move towards us particularly in the areas of IoT, streaming data,
cloud and edge computing. Eric's breadth of experience delivering product
strategies in this space will be invaluable to our growth ambitions for KX. I
am delighted to welcome him to the team."

 

 

Enquiries

For further information please contact:

 

 First Derivatives plc                             +44(0)28 3025 2242

 Seamus Keating, Chief Executive Officer           www.firstderivatives.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

 Sebastian Lawrence

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

 David Kearney

 Don Harrington

 Finbarr Griffin

 FTI Consulting                                    +44 (0)20 3727 1000

 Matt Dixon

 Dwight Burden

 Darius Alexander

About FD

FD is a global technology provider with more than 20 years of experience
working with some of the world's largest finance, technology, automotive,
manufacturing and energy institutions. The Group's KX technology,
incorporating the kdb+ time-series database, is a leader in high-performance,
in-memory computing, streaming analytics and operational intelligence. KX
delivers the best possible performance and flexibility for high-volume,
data-intensive analytics and applications across multiple industries. FD
operates from 15 offices across Europe, North America and Asia Pacific,
including its headquarters in Newry, and employs more than 2,400 people
worldwide.

 

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

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