{"id":112017,"date":"2025-05-09T07:52:57","date_gmt":"2025-05-09T07:52:57","guid":{"rendered":"https:\/\/www.timestored.com\/b\/?p=112017"},"modified":"2025-05-09T07:52:57","modified_gmt":"2025-05-09T07:52:57","slug":"kdb-acquired-by-private-equity","status":"publish","type":"post","link":"https:\/\/www.timestored.com\/b\/kdb-acquired-by-private-equity\/","title":{"rendered":"Kdb+ Acquired by Private Equity"},"content":{"rendered":"<p>2025-05-08 &#8211; Private equity firm TA announced an &#8220;All-Cash Offer to Acquire FD Technologies, Owner of Global Real-Time Analytics Leader KX&#8221;.<\/p>\n<p>Most people are probably wondering how this came about:<\/p>\n<ul>\n<li><strong>1996 <\/strong>&#8211; Brian established First Derivatives (FD) in 1996 from his mother&#8217;s spare bedroom (Newry, Northern Ireland) with a loan of \u00a35,000 from the Credit Union.<\/li>\n<li><strong>1993 <\/strong>&#8211; Arthur Whitney and Janet Lustgarten jointly <a href=\"https:\/\/www.timestored.com\/kdb-guides\/history-of-kdb-arthur-whitney\">form the company KX<\/a><\/li>\n<li><strong>1998 <\/strong>&#8211; Kdb+ &#8211; In-memory column based database created by KX<\/li>\n<li>KX and FD work in partnership to grow the business.<\/li>\n<li><strong>2014-10 <\/strong>&#8211; First Derivatives acquires a controlling stake in Kx Systems.<\/li>\n<li><strong>2018<\/strong> &#8211; FD agrees to buy out minority Kx Systems shareholders (Arthur and Janet)<\/li>\n<li><strong>2019 <\/strong>&#8211; First Derivatives completes acquisition of the minority shareholdings in Kx Systems, taking the company\u2019s total stake in the business to 100 per cent for $53.8 million (\u20ac48m) in cash.<br \/>\n&#8220;The deal marks an important milestone for the company&#8221;, chief executive Brian Conlon said.<\/li>\n<li><strong>2019-07-28<\/strong> &#8211; Brian Conlon, one of Northern Ireland&#8217;s most successful businessmen passes away. (<a href='https:\/\/www.linkedin.com\/pulse\/remembering-brian-conor-twomey\/'>link<\/a>)<\/li>\n<li><strong>2020-01<\/strong> &#8211; Seamus Keating appointed as CEO<\/li>\n<li><strong>2024-03<\/strong><strong><strong> &#8211; FD Technologies <a href=\"https:\/\/www.bbc.co.uk\/news\/uk-northern-ireland-68444665\">broken<\/a> into 3 separate firms:<\/strong><\/strong>\n<ul>\n<li>MRP &#8211; Marketing (spun off into a merger)<\/li>\n<li>First Derivative consulting arm.<\/li>\n<li>FD Technologies owning the KX software business<\/li>\n<\/ul>\n<\/li>\n<li><strong>2024-12<\/strong> &#8211; FD Technologies plc (LON:FDP) completes sale of First Derivative (consultancy) to EPAM Systems, Inc..<\/li>\n<li><strong>2025-05-08<\/strong> &#8211; Private equity firm TA <a href=\"https:\/\/www.ta.com\/news\/ta-announces-all-cash-offer-to-acquire-fd-technologies-owner-of-global-real-time-analytics-leader-kx\/\">announced<\/a> an &#8220;All-Cash Offer to Acquire FD Technologies, Owner of Global Real-Time Analytics Leader KX&#8221;.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>2025-05-08 &#8211; Private equity firm TA announced an &#8220;All-Cash Offer to Acquire FD Technologies, Owner of Global Real-Time Analytics Leader KX&#8221;. Most people are probably wondering how this came about: 1996 &#8211; Brian established First Derivatives (FD) in 1996 from his mother&#8217;s spare bedroom (Newry, Northern Ireland) with a loan of \u00a35,000 from the Credit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/posts\/112017"}],"collection":[{"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/comments?post=112017"}],"version-history":[{"count":3,"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/posts\/112017\/revisions"}],"predecessor-version":[{"id":112020,"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/posts\/112017\/revisions\/112020"}],"wp:attachment":[{"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/media?parent=112017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/categories?post=112017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timestored.com\/b\/wp-json\/wp\/v2\/tags?post=112017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}