FD Technologies strikes 'landmark' deal with Microsoft

FD Technologies has entered into a strategic partnership agreement with Microsoft, it announced on Tuesday, to expand the reach of its ‘KX Insights’ streaming data analytics platform.

The AIM-traded firm said KX Insights would be embedded “natively” on the Microsoft Azure platform, with KX generating revenue based on consumption.

Secondly, KX had agreed to work with Microsoft to target new applications and services that would “accelerate innovation and growth” for organisations in the financial services sector.

“This strategic partnership with Microsoft accelerates our mission to enable organisations to drive value from their real-time data assets,” said chief executive officer Seamus Keating.

“Enterprises will benefit from the unrivalled performance, scalability and security of KX Insights optimised for Microsoft Azure.”

Keating said that additionally, FD was “excited” to partner with Microsoft in developing technology solutions to address the “demanding requirements” of financial services organisations, particularly in capital markets where KX had a market-leading position.

“This is a landmark agreement for KX, with significant strategic benefits supporting our growth ambitions.”

At 1252 GMT, shares in FD Technologies were up 29.51% at 1,966p.