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Tuesday 19 May 2020

First Derivatives and TCS agree global partnership

FDFinancial services technology provider, First Derivatives (FD), has signed a partnership agreement with TCS, as the Newry based firm looks to further accelerate its global growth. Since its foundation in 1996, FD has become a leading provider of ultra-high-performance data analytics and has continued to enjoy strong growth recently.

Building on the legacy of its late founder, Brian Conlon, FD is increasingly aimed at a variety of industries, beyond just financial services. The company describes its Kx platform as “the world’s fastest analytics database”. Kx also has the rare ability to combine streaming, in-memory and historical data.

Under the terms of the new partnership agreement, Kx will be used as the time series database for the collection of machine data from TCS deployments. FD and TCS will also be looking for opportunities to provide further solutions based on Kx technology, targeted at the TCS client base.

This looks like a great alliance between two impressive, fast growing, but very different companies. Having spent some of my own formative years in Newry, I have a particular affinity for the area and the deal is not only a boost for FD but the economy of the region as well. It's also good to see that, so far, FD has not reported any significant impact as a result of the coronavirus. In a recent trading update the company indicated that performance was in-line with previous expectations (see: FD maintains growth tradjectory).

Posted by: Jon C Davies

Tags: partnerships  

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