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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 
 Ryan Preston, Chief Financial Officer 
 Ian Mitchell, Head of Investor Relations 
 
Investec Bank plc (Nominated Adviser 
 and Broker) 
 Andrew Pinder 
 Carlton Nelson 
 Virginia Bull                              +44 (0) 20 7597 5970 
 
Goodbody (Euronext Growth Adviser and 
 Broker) 
 David Kearney 
 Don Harrington 
 Finbarr Griffin                            +353 1 667 0420 
 
J.P. Morgan Cazenove (Broker) 
 James A. Kelly 
 Mose Adigun                                +44 (0) 20 7742 4000 
 
  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 and www.kx.com

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March 01, 2022 02:01 ET (07:01 GMT)

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