Business description

FD is a global technology provider with 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy institutions. The Group’s Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries.
Employees: More than 2,400
Locations: Headquartered in Newry, Northern Ireland with
15 offices around the world

FD’s Journey

Founded in 1996, FD initially focused on the capital markets sector providing mission-critical support for core systems. The experience gained working for some of the world’s leading investment banks led to the formation of a software business, utilising the kdb+ database from Kx Systems as the foundation for applications such as market surveillance and liquidity management. The acquisition of Kx Systems in 2014 and the rebranding of our software as Kx technology was the springboard to target other markets, including digital marketing, the industrial internet of things, utilities, retail, telecoms and automotive. In our last financial year, software revenues had grown to 60% of Group revenues from a standing start in 2009.


FD's Journey


2020 financial year highlights

Financial progress

Financial year 2020 saw further growth in revenue and adjusted EBITDA, together with significant progress in the commercialisation of Kx. Software revenue increased by 23%, reflecting further penetration of Kx across existing clients as well as initial sales to new clients, with major wins across multiple new markets and continued progress in FinTech.


  • 23% growth in recurring software revenue
  • 3% growth in managed services and consulting
  • Profit before tax up 9% to £18.3m
  • Diluted EPS up 13% to 54.2p