Last checked at 24 May 2010 07:02
24 May 2010
First Derivatives plc
("First Derivatives" or "the Company")
Delta Software Contract Wins
Secures over $1m per annum license revenue from 3 Delta Sales
First Derivatives (AIM:FDP.L, IEX:GYQ.I), a leading provider of software and support services to the financial services industry, is pleased to announce that the Company has signed contracts worth over $1m per annum for its Delta Algo and Delta Stream products across three leading financial institutions in the UK and North America. The three organisations include a leading UK bank, a global investment bank and a major North American hedge fund. The deals have additionally generated approximately $1m in consulting revenue.
Brian Conlon, Chief Executive Officer of First Derivatives, plc commented, "We are delighted to announce further contract wins for the Delta suite of products. These deals emphasise the quality of the Delta software and represent a significant return on the R&D investment we have made to date. The Delta products provide a significant opportunity to cross-sell other First Derivatives software solutions, as well as providing additional support and consulting services. These are the first in a number of significant deals anticipated to be signed in the next few months."
Enquiries:
| First Derivatives plc | Tel. +44(0)28 3025 2242 |
| Brian Conlon, Managing Director |
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| Graham Ferguson, Finance Director |
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| Charles Stanley Securities | Tel. +44 (0)20 7149 6000 |
| Nominated Advisor |
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| Russell Cook |
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| Carl Holmes |
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| Goodbody Stockbrokers | Tel. +353 1 667 0420 |
| IEX Advisor |
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| Diane Hodgson |
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| Linda Hickey |
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| Finbarr Griffin |
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| ICIS Limited | Tel. +44 (0)20 7651 8688 |
| Financial PR |
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| Tom Moriarty |
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| Caroline Evans-Jones |
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| Fiona Conroy |
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| Stakeholder Communications PR - Ireland Carl Whyte John Hart | Tel. + 44 (0) 2890 339949 |
About First Derivatives
First Derivatives is a global provider of products and services to the financial services industry. With almost 15 years experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets.
First Derivatives currently employs over 450 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.
Delta is a comprehensive suite of high performance real-time trading, risk management and enterprise market data products. Flagship trading products include Delta Algo and Delta Stream which are used in high volume, low latency environments while Delta Replayand Backtest are the products of choice in the hunt for profitable strategies and post trade
analysis.
For further information please visit www.firstderivatives.com