Newry firm First Derivatives plc have completed the acquisition of the minority shareholdings in data processing company Kx Systems.
Completion of the transaction takes the Group’s ownership of Kx Systems to 100% for consideration of $53.8m in cash.
Kx provides tools for processing real-time and historical data.Kx technology is built on the kdb+ database, independently verified as the world’s fastest time-series database.
Kdb+ is optimized for ingesting, analyzing, and storing massive amounts of structured data.
One feature that really sets Kx apart is its ability to combine streaming, in-memory and historical data in one simple and unified platform.
Brian Conlon, Chief Executive Officer of First Derivatives plc said:
“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.”
“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.”