First Derivatives PLC Entry into Retail Analytics market
November 08 2016 - 1:01AM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
08 November 2016
8 November 2016
First Derivatives plc
("FD" or the "Group")
Entry into Retail Analytics market
FD (AIM: FDP.L, ESM: FDP.I) announces its entry into the retail
analytics market, using its Kx technology as a platform to develop
solutions under a team of leading retail technology specialists
recently recruited by the Group. The move opens up an addressable
opportunity which, according to MarketsandMarkets, is expected to
grow at 19% per annum to be valued at more than $5 billion per
annum in 2020.
The explosion of data volumes in the retail industry is driving
demand for technologies that can provide real-time analysis, which
Kx, with its pedigree in handling the most demanding data
challenges in capital markets, is ideally placed to meet. FD has
demonstrated the capabilities of Kx to a number of leading
retailers across various market segments and as a result has
identified an attractive range of solutions delivering high return
on investment for prospective retail customers. These solutions
include analytics combining streaming and historical data around
point of sale, inventory control and planning, loss prevention and
customer insights. Kx's ultra-high performance, enhanced by
predictive analytics and machine learning capabilities, provides
the ideal next generation platform for retail analytics.
To deliver this opportunity FD has recruited a team of leading
retail technology specialists headed by Damon Bryan, Peter Denby
and Thomas Hill, who have held senior leadership positions at
leading retailers including Asda and Walmart and consumer brands
such as Sky. Their experience includes the creation of innovative
data-driven solutions that have delivered operational efficiencies
and competitive advantage across multiple industries.
FD intends to develop solutions that will focus on analysing
large volumes of data in real time to allow instant decision making
that supports the customer and provides operational efficiencies,
as well as allowing business units to make more profitable
decisions and provide an organisation-wide view of performance
across multiple business units.
Damon Bryan commented: "There is more data than ever in retail
and this is growing as the industry becomes technology and
multi-channel focused, but many retailers are still struggling to
realise the full potential value through genuine, simple and
executable solutions. Kx's ability to deal with huge volumes of
data takes the art of what is possible to the next level. Combining
Kx with our proven retail analytics solutions and expertise will
provide incremental value in areas such as merchandising, marketing
and operational optimisation to deliver huge and immediate value to
retailers."
Brian Conlon, Chief Executive Officer of FD, commented: "We are
confident that the market-leading performance of our technology has
the capability to disrupt a number of markets, of which retail is
one that we consider to be sufficiently attractive to develop our
own solutions. Combining the power of Kx with the deep domain
expertise of Peter, Thomas and Damon will enable us to quickly
develop and market solutions that we believe leading retailers will
find compelling."
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive www.firstderivatives.com
Officer
Graham Ferguson, Chief Financial
Officer
Ian Mitchell, Head of Investor
Relations
Investec Bank plc (Nominated
Adviser and Broker)
Dominic Emery
Carlton Nelson
Sebastian Lawrence +44 (0)20 7597 4000
Goodbody (ESM Adviser and
Broker)
Linda Hickey
Finbarr Griffin +353 1 667 0420
FTI Consulting
Matt Dixon / Dwight Burden
/ Antonia Gray +44 (0)20 3727 1000
About FD
FD is a global technology provider with 20 years of experience.
The Group's Kx technology is used by some of the world's largest
finance, technology and energy institutions. FD employs over 1,700
people worldwide and has operations in London, New York, Stockholm,
Singapore, Hong Kong, Tokyo, Sydney, Palo Alto, Toronto,
Philadelphia, Dublin, Belfast and its headquarters in Newry.
For further information, please visit
www.firstderivatives.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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