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08/02/2002
Award winning Newry firm moves to issue shares
Newry-based software firm First Derivatives is set to float on the Alternative Investment Market (AIM) in order to raise necessary funds for further investment and acquisition.
The company, which designs software for the financial sector, will issue four million shares on AIM, the London Stock Exchange market which lists recently formed companies. The share release represents just under 30 per cent of the company's share capital, which means First Derivatives is valued at around £7 million.
First Derivatives can be considered one of the province's best-kept success stories in the IT sector, as the company has continued to increase its client lists despite the current downturn in both the software and hardware industries. The company's customer roster includes numerous European names as well as clients in the UK, who have helped Financial Derivatives increase its market share.
Speaking about the decision to offer shares, company MD Brian Conlon, said: "We believe the AIM listing will provide access to the financial markets which will enable the company to exploit opportunities or future development requiring capital investment and selective acquisition."
During 2001, First Derivative was awarded the number one position in the Deloitte and Touche Fast 50 listing after the IT firm revealed a growth rate of 891 per cent during the previous three years. (CL)
The company, which designs software for the financial sector, will issue four million shares on AIM, the London Stock Exchange market which lists recently formed companies. The share release represents just under 30 per cent of the company's share capital, which means First Derivatives is valued at around £7 million.
First Derivatives can be considered one of the province's best-kept success stories in the IT sector, as the company has continued to increase its client lists despite the current downturn in both the software and hardware industries. The company's customer roster includes numerous European names as well as clients in the UK, who have helped Financial Derivatives increase its market share.
Speaking about the decision to offer shares, company MD Brian Conlon, said: "We believe the AIM listing will provide access to the financial markets which will enable the company to exploit opportunities or future development requiring capital investment and selective acquisition."
During 2001, First Derivative was awarded the number one position in the Deloitte and Touche Fast 50 listing after the IT firm revealed a growth rate of 891 per cent during the previous three years. (CL)
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26 February 2003
Newry consultancy firm set up in Manhattan
Newry City firm, First Derivatives, has taken its expertise into the financial heart of the US by establishing a presence in Manhattan, New York. The company hopes that the presence will give it a platform from which to further penetrate the lucrative North American market.
Newry consultancy firm set up in Manhattan
Newry City firm, First Derivatives, has taken its expertise into the financial heart of the US by establishing a presence in Manhattan, New York. The company hopes that the presence will give it a platform from which to further penetrate the lucrative North American market.
30 June 2014
IT Firm To Create 484 Jobs
First Derivatives, a financial technology firm, has announced it is to create 484 jobs at its headquarters in Newry. It is understood Invest NI has provided £3.9m towards the expansion and jobs creation.
IT Firm To Create 484 Jobs
First Derivatives, a financial technology firm, has announced it is to create 484 jobs at its headquarters in Newry. It is understood Invest NI has provided £3.9m towards the expansion and jobs creation.
05 September 2012
Trading Room Opens At Queen's
The first financial trading room to operate in Northern Ireland opened today at Queen's University, to provide a learning environment for students of financial services and technology. The First Derivatives Trading Room (FDTR) replicates the stock exchanges of New York and London.
Trading Room Opens At Queen's
The first financial trading room to operate in Northern Ireland opened today at Queen's University, to provide a learning environment for students of financial services and technology. The First Derivatives Trading Room (FDTR) replicates the stock exchanges of New York and London.
19 March 2010
US Investment For NI Announced
There's 'money from America' this week as the NI Enterprise Minister Arlene Foster has announced a multi-million pound research and development-based investment. She said yesterday that the move will see a total of £4.1 million being 'delivered' through Newry company First Derivatives plc.
US Investment For NI Announced
There's 'money from America' this week as the NI Enterprise Minister Arlene Foster has announced a multi-million pound research and development-based investment. She said yesterday that the move will see a total of £4.1 million being 'delivered' through Newry company First Derivatives plc.
02 March 2011
Software Firm Creates 360 Jobs In Newry
A south Down-based company it is to create almost 360 jobs in the border city of Newry. First Derivatives has told the London Stock Exchange the posts will be filled over the next three years and will bring the total workforce at the company to 900.
Software Firm Creates 360 Jobs In Newry
A south Down-based company it is to create almost 360 jobs in the border city of Newry. First Derivatives has told the London Stock Exchange the posts will be filled over the next three years and will bring the total workforce at the company to 900.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
