SOURCE: First Derivatives plc

First Derivatives PLC

February 13, 2015 11:33 ET

First Derivatives plc ("FD" or the "Company"): Increased Investment in FD

FD Raises $23.3 in Oversubscribed Placing to Accelerate Fast Data Opportunities

NEWRY, NORTHERN IRELAND--(Marketwired - Feb 13, 2015) - FD (AIM: FDP.L) (ESM: FDP.I), a leading technology provider, announces additional investment of $23.3m led by a number of new investors and supported by the Company's existing shareholders. The placing was completed at a premium to the closing price of the Company's shares on 11 February and values FD, post the fundraising, at $452m. 

Following the announcement on 31 October 2014 that the Company had increased its shareholding in Palo Alto-based Kx Systems, FD has a full technology stack including the world's fastest time series database kdb+, enterprise tooling and a series of applications. The funds raised will be used to further increase its market share within capital markets and to facilitate its entry into new verticals through partnerships, acquisitions and the acceleration of its product roadmap.

FD has seen a tremendous increase in the generation and capture of very high volumes of real-time data, particularly where time stamping and location-aware information is a key aspect. Our clients are looking for solutions that enable them to analyse this data to gain insights and make decisions. Ultimately, the capabilities of our software enable predictive analytics based on large volumes of streaming data ("Fast Data") and forms a strategic element of a modern data architecture.

Brian Conlon, Chief Executive Officer of FD, commented: "Our recent investment in Kx Systems and preliminary market research in other verticals, strengthens our view that we can generate significant additional returns for shareholders by expanding our Fast Data offering beyond capital markets. Kdb+ is the technology of choice for the capital markets and we are currently working on opportunities in the utilities, smart meters, energy, pharma, digital marketing and telecoms markets. "

About FD

FD is a global technology provider with over 19 years' experience of working with some of the world's largest institutions. FD currently employs over 1,200 people worldwide and counts many of the world's largest finance, technology and energy institutions as its customers. It also holds a 65% stake in Palo Alto-based Kx Systems, developer of the world-leading database technology, kdb+. It has operations in London, New York, Stockholm, Singapore, Hong Kong, Sydney, Toronto, Philadelphia, Dublin and its headquarters in Newry.

For further information please visit www.firstderivatives.com.

Contact Information

  • Enquiries:

    First Derivatives plc
    Brian Conlon
    Chief Executive Officer
    Graham Ferguson
    Finance Director
    Ian Mitchell
    Head of Investor Relations

    +44(0)28 3025 2242
    www.firstderivatives.com

    Walbrook PR
    Financial PR
    Paul Cornelius
    Sam Allen
    Nick Rome

    +44 (0)20 7933 8780
    firstderivatives@walbrookpr.com