One global technology group. Three data-driven businesses. Over 20 years’ experience.

We are a group of data-driven businesses
that unlock the value of insight, hindsight and foresight
to drive organizations forward.

2,500+

Employees

 

15 Locations

Across 4 Continents

Founded in 1996, First Derivatives plc 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 was the springboard to target other markets, including telecoms, automotive, manufacturing and energy.

Our Growth Story

1996-2009

Deep Capital
Markets Knowledge

2009-2014

Significant Growth
in Software Offering

2015-Present

Expansion into
New Verticals

2021 FINANCIAL YEAR HIGHLIGHTS

Financial progress

Financial year 2021 saw robust performance despite the impact of COVID-19, as we maintained our revenue and gross profit and continued to invest in technology, product and people, reflecting our confidence in our business and the market opportunity.

 

  • 10% growth in KX recurring software revenue

  • 5% growth in KX software license revenue

  • Profit before tax down 39% to £11.1m

  • Diluted EPS down 41% to 32.0p

A robust performance with continued investment

Revenue

£237.9m

+0%

Adjusted EBITDA 

£40.5m

-11%

Robust performance

As we continued to invest in technology, product and people

Focused strategy

Clear strategy, strengthened leadership, and improved systems and operations

Significant opportunity

Driven by focused investment in large growth markets

Acceleration of Growth Strategy and Change in Group Structure

New Group structure and focus

Proposed renaming of the Group as FD Technologies plc, comprising three businesses – KX, First Derivative and MRP – to enable each brand to communicate its distinct value proposition for its respective market and maximise its growth opportunity.

Accelerated growth strategy based on growing demand for real-time continuous intelligence and increased ability to deliver following advances in our technology, leadership and commercialization capabilities.

 

KX at the heart of our propositions

Targeting growth in KX exit annual recurring revenue (ARR)* of at least 25% for the current financial year

KX will be the focus of investment and our goal is to enable KX to become the market-leading technology for real-time streaming analytics, which represents a $39bn addressable market by 2025 growing at 30% per annum.

 

Greater focus in First Derivative

Targeting a return to double digit revenue growth during the current financial year

First Derivative, which comprises our managed services and consulting business plus elements of our software services revenue, will benefit from sharper focus on target markets where it has the greatest in-depth expertise, and which are areas of key focus for our clients.

 

Driving returns in MRP

Targeting 20% growth in platform revenue for the current financial year

MRP will seek to consolidate its position as a market leading digital platform in Account Based Marketing offering the only enterprise class, predictive ABM solution.

 

Strategic investment

Increased investment in the coming years focused on KX, funded through internally generated cash, to accelerate our technology development, increase sales and marketing spend and scale the Group.

 

Rationale

This evolution of the Group strategy will maximise the potential opportunity addressed by each division and significantly accelerate our growth potential over the medium term, targeting a doubling of revenue by FY25 with a significant bias in growth to recurring software revenue.