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FD Technologies plc partners with EPAM Systems Inc
Dec 03, 2024•over 1 year ago
Contract Type
partnership
NewryInformation Technology
Description
FD Technologies plc has completed the sale of its First Derivative business to US software company EPAM Systems Inc for an enterprise value of £230 million. This partnership brings together EPAM’s digital, AI, cloud, and engineering capabilities with First Derivative’s expertise in financial services and specialized commercial software solutions. It will enable FD Technologies to focus on its KX software business and provide the funding for it to become cash generative, as well as generate synergies for KX through a partnership with EPAM to provide professional services capabilities in key markets.
Company Information
Company
FD Technologies
Location
Newry, Northern Ireland, United Kingdom
About
FD Technologies is a technology company based in Newry, specializing in software development and technology solutions. The firm focuses on providing innovative solutions to enhance business efficiency and drive digital transformation. It has established itself as a key player in the tech sector within its region. The company serves various industries with tailored technology services.
NewryInformation Technology