First Derivatives takes full ownership of Kx Systems after purchasing outstanding stake for $53.8m

08:32 18/06/2019
StockMarketWire.com - First Derivatives took full ownership in Kx Systems after completing the purchase of an outstanding stake in the latter for $53.8m in cash.

'Since we acquired a controlling stake in Kx Systems in October 2014 we have invested heavily to deliver the performance advantages of our combined solutions, branded as Kx technology, to a range of end-markets,' said Brian Conlon, Chief Executive Officer of First Derivatives.

'We are making exciting progress as we demonstrate our ability to transform our customers' operational performance by unlocking the value in their data. Full ownership of Kx Systems is an important milestone as we continue to commercialise our technology.'



At 8:32am: (LON:FDP) First Derivatives PLC share price was +22.5p at 3482.5p


Story provided by StockMarketWire.com

Forex

Commodities

What the Papers Say

telegraph financial times daily mail daily express independent times
00:04 Coinbase launches tool that analyses...
source: FT.com
00:02 Lamont urged ‘fastest...
source: FT.com
00:02 Act faster or risk another Grenfell fire,...
source: FT.com
[more ...]