US-based real-time data analytics vendor Kx Systems has entered a consulting and implementation partner agreement with Irish firm First Derivatives.
The partners say First Derivatives will expand Kx Systems' reach through its network of European consultancies. Under the agreement, FDL will provide installation, training and application development consulting for the Kx Systems products: kdb and kdb/tick, used by financial services firms for sub-second analyses of historical and real-time data.
"Jointly, we can provide solutions for businesses that depend on real-time analysis of streaming data or massively large historical data," says Michael O'Neill, a director at FDL.
He says the two companies will target financial services organisations with data intensive requirements, such as major European banks and insurance companies.
FDL recently created a new subsidiary, k-hub, to concentrate on on-line trading and Web-commerce software development.