First Derivatives acquires Australian firm for €1.15m

IRISH technology company First Derivatives has acquired Australian software provider, Lepton Solutions for Aus$2.2 million (€1.15m).

First Derivatives — which has its headquarters in Newry, Co Down — specialises in software support services for hedge fund administrators and investment banks.

The acquisition of Lepton (which trades under the name Hologram) adds a suite of risk management and stock exchange trading software tools to First Derivatives’s arsenal.