First Derivatives completed the acquisition of a minority stake in Kx Systems.

First Derivatives, a provider of software and consulting services internationally, completed the acquisition of a minority stake in Kx Systems, a data analysis software developer and vendor, for $53.8m. "Since we acquired a controlling stake in Kx Systems in October 2014 we have invested heavily to deliver the performance advantages of our combined solutions, branded as Kx technology, to a range of end-markets. We are making exciting progress as we demonstrate our ability to transform our customers' operational performance by unlocking the value in their data. Full ownership of Kx Systems is an important milestone as we continue to commercialise our technology," Brian Conlon, FD Chief Executive Officer.