At a glance
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.
Financial year 2019 saw further growth in revenue and adjusted EBITDA, together with significant progress in the commercialisation of Kx. Software license revenue increased by 28%, 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. Our progress was marked by FD being selected as Google Cloud Global Technology Partner – Financial Services.
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