First Derivatives Plc, a software and consulting services provider, has appointed Pat Brazel as its newest Global Head of Software Sales, on the heels of the recent acquisition of ActivateClients Limited, according to a First Derivatives regulatory filing.
Tuesday, First Derivatives (FD) announced that it had acquired software developing company ActivateClients Limited for $5.22 million (€4.75 million). The move aims to boost FD’s software platform as ActivateClients supplement additional software products.
The recent appointment of Mr. Brazel as the global head of software sales also results in his relinquishing of his non-executive directorate with FD. The move also fortifies FD’s executive leadership that is eying additional vertical channels and sectors via its Delta platform and kdb+ utility. In his new role, Mr. Brazel will be working alongside Gerry Buggy, who is also receiving a new role as FD’s Chief Technology Officer.
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Mr. Brazel himself is a 25-year veteran in the software industry, following a decade as the President of Sungard Capital Markets. Moreover, he was also the founder of Sentry Financial Technology.
According to Mr. Brazel in a recent statement on the appointment, “My time as a Non-Executive Director at FD has convinced me of the Company’s potential to become the leading player in the emerging market for fast data and analytics. In my new role as Global Head of Software Sales, I look forward to helping FD realise this ambition.”
“I am delighted to announce the appointment of Pat Brazel. His track record in driving sales at high-growth enterprise software companies will be extremely valuable to the Company. We continue to invest in our sales and marketing capability to meet a range of market opportunities, particularly as we execute on our strategy to enter new vertical markets,” added Brian Conlon, Chief Executive Officer of FD, in an accompanying statement.