Speaking from the Newry Chamber website:
Great news from our member, FD Technologies who have announced that it has entered into a strategic partnership agreement with Microsoft.
The deal 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.
Microsoft Azure is the technology giant’s cloud computing platform that offers an extensive range of services ranging from artificial intelligence to virtual machines and file storage.
Shares at the Newry-based firm had opened the day at £15.90 and hit £19.80 before falling slightly by the closing bell.
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.”