Last checked at 7 Jan 2015 07:00
7 January 2015
First Derivatives plc
("First Derivatives" or the "Group")
First Derivatives enters fast-growing Digital Marketing Platform market
First Derivatives (AIM:FDP.L, ESM:FDP.I) a leading provider of software and consulting services to the capital markets industry, announces the evolution of its Delta software platform, powered by kdb+, into marketing analytics through the launch of Delta Marketing Cloud. This demonstrates Delta's ability to find applications beyond the Capital Markets sector and is the first new vertical market for the Group since it secured a majority stake in Kx Systems. The move is supported by the signing of a number of key pilot customers.
The explosion of digital and mobile marketing across all vertical markets is driving the need for technologies that can provide real-time analysis of large data volumes, which the Delta platform is ideally placed to meet. Industry analysts CEB estimate that marketing software spend will reach $32 billion by 2018 while, according to the Economist, the digital marketing sector is "going through something akin to the automation of the financial markets in the 1980s, with low latency the key to success." Delta Marketing Cloud assists by combining both speed and scale with a flexible scoring algorithm and alerting process to allow clients to target the right prospects at the right time.
The launch of Delta Marketing Cloud leverages the power of the Group's big data expertise to help sales and marketing professionals increase the return on their marketing and digital advertising investment, using the same core architecture currently used for analysis of billions of financial transactions per day. It combines real-time and reference data from numerous sources including website traffic, real-time advertising data, social media with proprietary CRM and other customer data. This produces a range of data analytics, such as predictive account-based scoring with real time geographic alert functionality to drive the responsiveness of sales channels.
Brian Conlon, CEO of First Derivatives, commented: "We are pleased with the level of interest being shown in Delta Marketing Cloud which has already resulted in us signing a number of key pilot customers. While its commercialisation is still at an early stage, we believe it has the potential to generate significant recurring revenues for the Group. The launch also demonstrates the flexibility of the Delta platform and its ability to take us into new markets where there are exceptionally large volumes of data that require real time analysis. Our technology and experience gives First Derivatives a strong position in this expanding market."
Enquiries:
First Derivatives plc | +44(0)28 3025 2242 |
Brian Conlon, Chief Executive Officer | www.firstderivatives.com |
Graham Ferguson, Finance Director | |
Ian Mitchell, Head of Investor Relations | |
Charles Stanley Securities | +44 (0)20 7149 6000 |
(Nominated Adviser & Broker) | |
Russell Cook | |
Carl Holmes | |
Goodbody Corporate Finance | +353 1 667 0410 |
(ESM Adviser and Broker) | |
Linda Hickey | |
Finbarr Griffin | |
Goodbody Stockbrokers | |
(Broker) | |
Linda Hickey | |
Walbrook PR | +44 (0)20 7933 8780 |
Bob Huxford | bob.huxford@walbrookpr.com |
Sam Allen | sam.allen@walbrookpr.com |
About First Derivatives
First Derivatives is a global provider of software and consulting services to the financial services industry. With over 18 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 1,100 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, Singapore, Hong Kong, Sydney, Toronto, Philadelphia, Dublin and its headquarters in Newry.