First Derivatives PLC Delta Stream Selected by Communications Provider
August 21 2013 - 1:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
21 August 2013
21 August 2013
First Derivatives plc
("First Derivatives" or the "Company")
Bandwidth Selects Delta Stream for Real Time Business
Intelligence
and Network Quality Alerts
First Derivatives (AIM: FDP.L, IEX: GYQ.I), the leading provider
of software and consulting services to the capital markets
industry, announces that its Delta Stream product will be used by
Bandwidth, a fast growing and innovative communications technology
providers in the US, to fulfill real time systems monitoring
requirements. In particular, Delta Stream will be integral to
Bandwidth's Republic Wireless product, which provides consumers
access to a cost-effective smartphone solution that uses Hybrid
Calling technology to leverage both cellular and Wi-Fi networks for
data, talk and text.
Bandwidth requires a solution that will provide views on system
statistics, as well as the ability to implement alerts to detect
anomalies that may indicate the need to reallocate server resources
or investigate unusual usage of the Bandwidth network. This ability
to monitor their resources in real time gives Bandwidth's Republic
Wireless team key insights on the efficiencies of their network and
allows for better capacity planning as their business grows.
As the volume on the network increases; the number of data
points being generated has risen dramatically. Delta Stream has
been deployed to capture the pertinent system quality and latency
statistics and store the processed information to disk for
historical benchmarking.
Republic Wireless staff also benefit from Delta training and
accreditation, allowing the analysts to develop ad hoc analytics
and alerts in house, which are then distributed to the Republic
Wireless staff members through the Delta Dashboard visual
layer.
Delta Stream(TM) is in use globally at securities companies,
trading exchanges and telecoms companies to meet a range of
business challenges. It is one of First Derivatives' world-class,
flagship applications within its Delta suite, a powerful "Big Data"
platform, offering capabilities in data analytics, event
processing, algorithmic trading, FX aggregation and risk
management.
Jim Mulcahy, EVP & General Manager for Republic Wireless,
said of the new system: "Delta Stream from First Derivatives
offered us the ideal platform for processing the high volume of
systems data that passes through our networks. As a result we now
have real-time insight into the efficiencies and demands on our
network that in turn enables us to better manage our services and
continually improve the overall customer experience."
Brian Conlon, First Derivatives' CEO, said of the selection of
Stream by Bandwidth: "We are delighted to partner with a
progressive technology company like Bandwidth. Although Delta
Stream is used primarily and extensively in the Capital Markets,
the flexibility of the technology means that it has applications in
other sectors such as gaming, energy, utilities and telecoms. The
adoption of Delta Stream by Bandwidth attests to that adaptability
and openness."
For further information and interviews, please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive www.firstderivatives.com
Officer
Graham Ferguson, Finance Director
Charles Stanley Securities +44 (0)20 7149 6000
Russell Cook
Carl Holmes
GoodbodyCorporate Finance +353 1 667 0420
Finbarr Griffin
Goodbody Stockbrokers
Linda Hickey
Walbrook PR +44 (0)20 7933 8780
Bob Huxford bob.huxford@walbrookpr.com
Helen Westaway helen.westaway@walbrookpr.com
About Bandwidth
Bandwidth is among the nation's largest and fastest-growing
communication technology companies. The company operates two
divisions - wholesale & enterprise and consumer & SMB -
that share a mission of transforming the communications industry.
Across the divisions, Bandwidth provides a full range of
communications services, including wholesale voice origination and
termination, a full suite of 9-1-1 services, hosted VoIP and
internet connectivity service for SMBs, and a consumer wireless
business. Founded in 1999, and a certified CLEC in 49 states,
Bandwidth is a profitable company headquartered in Raleigh, NC with
a large remote office in Denver, CO and field offices in eight
other cities.
About Delta
Launched in 2008, Delta is a comprehensive suite of high
performance real-time trading, CEP, market data and risk management
applications powered by kdb+. Flagship trading products include
Delta Flow, Delta Data Factory, Delta Algo, Delta Margin and Delta
Stream, which are used in high data volume, low latency
environments.
About First Derivatives
First Derivatives is a global provider of software and
consulting services to the financial services industry. With over
16 years' experience working with leading financial institutions,
it continues to deliver technologically advanced products and
services that anticipate and respond to the evolving needs of
global capital markets.
First Derivatives currently employs over 750 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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