Last checked at 20 Mar 2023 07:00
20th March 2023
FD Technologies plc
("FD Technologies" or the "Group")
KX announces general availability of kdb Insights Enterprise on Microsoft Azure
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces the general availability of kdb Insights Enterprise on Microsoft Azure, representing a significant milestone for the strategic partnership with Microsoft announced in March 2022.
kdb Insights Enterprise on Microsoft Azure is an enterprise-ready, real-time analytics engine with the world's fastest time-series database (kdb) at its core, running natively on Azure. It represents the industry-first Data Timehouse, a new class of data and AI management platform designed for temporal data generated by digital transformation. It provides data scientists and application developers with precision access to temporal data on real-time and massive historical datasets with the Azure native tools they use today.
Engineered by KX, kdb Insights Enterprise on Microsoft Azure enables businesses to transform into real-time intelligent enterprises, with preview customers reporting up to 100x the performance at one tenth of the cost of competing solutions.
KX has developed a go-to-market strategy to target those businesses where the processing and analysis of time series and machine data is a critical business requirement. Customers also benefit from being able to use their Azure Consumption Credits, simplifying adoption, billing and payment.
Ashok Reddy, KX CEO, commented: "The launch of kdb Insights Enterprise on Microsoft Azure as a first party service is a watershed moment for KX. Representing the industry's first Data Timehouse, it enriches data warehouse and lakehouse technologies and gives customers access to the power and performance of kdb with all the benefits of the Azure platform. It enables companies in all sectors to accelerate their AI and ML analytics workloads, putting data driven decision science at the very heart of their business for enhanced operational and commercial outcomes. We continue to see enormous opportunity for our strategic partnership with Microsoft, helping to underpin our growth expectations."
Corey Sanders, Corporate Vice President of Microsoft Cloud for Industry said: "In partnership with KX, we're excited to launch the industry's first data timehouse on the Azure platform. While in preview, we have already seen impressive results for customers in capital markets, healthcare, manufacturing, and energy. We look forward to working with KX to help businesses achieve transformative growth with kdb Insights Enterprise on Azure."
Enquiries
For further information please contact:
FD Technologies plc Seamus Keating, Chief Executive Officer Ryan Preston, Chief Financial Officer Ian Mitchell, Head of Investor Relations | +44(0)28 3025 2242 www.fdtechnologies.com |
Investec Bank plc (Nominated Adviser and Broker) Carlton Nelson Virginia Bull | +44 (0) 20 7597 5970 |
Goodbody (Euronext Growth Adviser and Broker) David Kearney Don Harrington Finbarr Griffin | +353 1 667 0420 |
J.P. Morgan Cazenove (Broker) James A. Kelly Mose Adigun
| +44 (0) 20 7742 4000 |
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About FD Technologies
FD Technologies is a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organisations forward. The Group comprises KX, the leading technology for real-time continuous intelligence; First Derivative, which provides technology-led services in capital markets; and MRP, the only enterprise-class, predictive Accounts Based Marketing solution. FD Technologies operates from 14 locations across Europe, North America and Asia Pacific, and employs more than 3,100 people worldwide.
For further information, please visit www.fdtechnologies.com and www.kx.com