Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, March 01 2022 - 18:30
AsiaNet
KX Strategic Partnership Agreement with Microsoft
LONDON, March 1, 2022 /PRNewswire-AsiaNet/ --

    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
    Seamus Keating, Chief Executive Officer
    Ryan Preston, Chief Financial Officer
    Ian Mitchell, Head of Investor Relations	
    +44 (0) 28 3025 2242
    www.fdtechnologies.com

	
    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 
 
    Photo: 
https://mma.prnewswire.com/media/1756706/KX_Strategic_Partnership.jpg  
    Logo: https://mma.prnewswire.com/media/1508748/KX_Logo.jpg 

    Source: KX
 

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