*UKHotViewsExtra* FD Technologies looks to the future

I caught up recently with Seamus Keating (pictured below), the CEO of Newry based, FD Technologies. The main topic of our conversation was the company’s decision to restructure by completing its second major divestment in six months and its plans for the future with FD Technologies looking to go it alone, as a pure play provider of advanced analytics software, focused on opportunities around AI.

In early October the news broke that, FD Technologies had entered into an agreement to sell its Financial Markets consultancy business, First Derivative, to US-based EPAM Systems. The deal, which valued the First Derivative business at £230m, expands EPAM’s financial services portfolio and broadens its global footprint with the acquisition providing more than 100 new clients. 

In June this year, FD Technologies revealed another major divestment with the all-share merger of its predictive intelligence arm, MRP, with CONTENTgine, a provider of B2B technology buyer insights and lead generation (see: FD divests MRP as revenue slips). Going forward, FD Technologies will have singularity of purpose and a much clearer proposition, having divested its two other major business lines. 

FD’s applications are underpinned by a powerful analytics engine that has been independently verified as the fastest available on the market. This technology helps clients to process data at scale at unmatched speeds, empowering decision-makers, developers, data scientists and engineers. This is clearly a powerful differentiator for the vendor, especially in light of the current climate and fervour of interest around AI. 

TechMarketView clients, including subscribers to HotViews Premium can learn more by downloading FD Technologies Looks to the Future. This HotViewsExtra explores FD Technologies' market leading analytics capabilities, its future strategy and its likely in appeal in a marketplace that is clamouring for cost-effective, AI solutions.

If you do not currently have access but would like to read this or any other of our material, please contact Deb Seth for more information.

Posted by Jon C Davies at '07:00' - Tagged: financialmarkets   financial+services