Due to significant growth across the Dublin market in recent years, First Derivatives announced a major expansion in Ireland this Thursday, with the company opening a new office.
The eight thousand square foot office is located in the heart of Dublin at George’s Quay and has been built to accommodate the company’s growth plans in the country in the years to come.
Namely, First Derivatives has seen a continued strong uptick in interest for its consultant services in Dublin. This is particularly true for the areas of risk management, regulatory and compliance, as well as treasury management.
New office to support Kx Systems growth
The new office will also facilitate the growth of its Kx business, a data analysis software developer and vendor. Specifically, the company plans to increase its team sizes, develop more software solutions and continue to deliver its services to the finance industry.
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Commenting on the new office, Seamus Keating, Executive Chairman said: “We are delighted that the strategic vision of our founder and former CEO, the late Brian Conlon, to grow our presence in the local market is being realised through the recent award of a number of new delivery projects and the addition of a number of new banks to our existing blue-chip client list.”
“The new office space at George’s Quay provides us with a suitably impressive platform for both our staff and clients as we enter the next exciting phase of expansion within the Irish market.”
Today’s announcement follows on the heels of First Derivatives posting a solid performance in the first half of its 2020 fiscal year. As Finance Magnates reported, the consulting firm and software provider to trading companies saw an uptick across its key business metrics.
During the first half, the company reported revenue of £116.7 million ($150.5 million). When measuring this against the same period of the previous year, which reported revenue of £105.6 million, revenue has grown by 11 percent year-over-year.
Software revenue also increased by 13 percent, rising from £63.1 million in the first half of fiscal 2019 to £71.4 million in the most recent period.