Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
FD Technologies PLC on Friday named Ashok Reddy as the new chief executive officer of its KX division.
FD Technologies is a Newry, County Down-based financial markets technology provider, formerly known as First Derivatives. KX is its real-time data analytics platform.
Most recently, Reddy was chief executive officer of Digital.AI Ltd, where FD said he established the company as a ‘leader’ in AI-driven DevOps value stream management. Prior to this, Reddy spent ten years at IBM Corp. During his tenure, he more than doubled revenue and created a DevOps arm that exceeded $350 million in new revenue, FD noted.
The company said that Reddy joins KX at an ‘optimal’ moment, since it entered into a partnership agreement with Microsoft Inc in March and the division's annual recurring revenue is ‘accelerating’.
Commenting on Reddy's appointment, FD Technologies CEO Seamus Keating said: ‘His track record of success in enterprise software, driving product and commercial strategies is a perfect fit as we look to accelerate our growth following a transformational year for the business.’
Shares in FD Technologies were up 1.6% to 1,950.00 pence each in London on Friday morning.
Copyright 2022 Alliance News Limited. All Rights Reserved.