First Derivatives, a provider of software and consulting services for the financial industry, has appointed Virginia Gambale to the Board of the Company as its newest Non Executive Director.
Just last week, First Derivatives acquired Prelytix Inc – the initial consideration totals $7.5 million (£4.9 million) with a maximum total consideration capped at $20 million (£13 million). The acquisition, which will be earnings enhancing in the company’s financial year to February 29, 2016, was aimed at expanding First Derivatives’s presence in the fast-growing marketing- technology sector.
At present, Ms. Gambale serves as the Managing Partner of Azimuth Partners LLC, a firm that fosters developmental growth strategies, innovation and international expansion for a variety of clients. Furthermore, she is the acting director of JetBlue Airways Corporation and Dundee Global Corporation.
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Prior to launching Azimuth, Ms. Gambale also worked as a partner at Deutsche Bank Capital Partners. Additional stops also include several senior executive positions at Merrill Lynch, Bankers Trust, Deutsche Bank and Marsh & McLennan Companies, Inc.
According to Ms. Gambale in a recent statement on the appointment, “I am delighted to join the board of First Derivatives at this exciting time for the Company. I believe that the people, assets and culture of First Derivatives will continue to drive innovation and customer satisfaction.”
“Virginia’s breadth of market sector experience and her hands-on work helping technology companies to scale internationally will be a great asset in the current stage of FD’s growth and development,” added Seamus Keating, Chairman of First Derivatives, in an accompanying statement.