First Derivatives zones in on big data

The largest indigenous technology firm in Ireland, First Derivatives, has bought a controlling stake in a US big data vendor in a multi-million euro deal.

The Newry, Co Down-based software and consultancy company has acquired a further 46.5% stake in Kx Systems based in Palo Alto, California.

The deal — which brings the company’s total holding to just over 65% — was agreed for a total consideration of £36m (€45.39m).