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Kx Names DEVnet, the Trading and Risk Consultancy, its Strategic Sales Partner in Continental Europe

Kx Systems, the leader in high-performance database and time-series analysis, has announced a strategic sales partnership with DEVnet, the specialist consultancy for risk management and trading systems. The collaboration will see DEVnet market Kx's high-performance database kdb+ and q, its integrated programming language, across Continental Europe, along with consultancy services.

DEVnet has been offering highly specialised consultancy services in the financial markets as well as in energy and commodities for over a decade. It has developed an excellent reputation for supplying and implementing sophisticated solutions in key areas such as risk management, trading and data processing for leading financial institutions, corporations and utilities. DEVnet's team of highly experienced kdb+ consultants comes with a history of implementing successful, enterprise-wide kdb+ projects.

Andreas Kokott, CEO of DEVnet, comments on the partnership: "Our growth in the financial and utilities sectors has been substantial over the last four years. Adding the Kx technology to our portfolio is an obvious step for us, enabling us to focus on our core expertise and provide the best trading and risk solutions to our customers. Kx's kdb+ is far superior to other technologies - it is the fastest and the most flexible system for processing vast quantities of data. Its ability to store any amounts of data, at a reasonable cost, is key to many challenges facing financial institutions and utilities companies in the areas of trading, risk and regulatory compliance."

Says Janet Lustgarten, CEO of Kx Systems: "DEVnet will be an excellent partner for Kx. Their experience in our core markets spans many years, and their team of kdb+ experts is first rate. They understand the demands of the marketplace and are able to deliver the solutions our clients need. I am delighted to be working with the team, and look forward to extending our reach further in Continental Europe."

Working with Kx Systems, DEVnet will provide sales, support and consultancy for kdb+ in the following areas:

- Analytics for real-time risk and CEP infrastructures.
- Business intelligence in high volume trading.
- Enterprise-wide solutions for market data management.
- Pricing of derivatives and structured products.
- Real time scenario analysis and aggregation.
- Market making infrastructures.

Robin Mess, Director of Sales at DEVnet, says: "The partnership with Kx further extends DEVnet's innovative approach to providing market-leading solutions to financial institutions. With kdb+ our knowledge of and experience in financial markets allows us to offer a host of new benefits to clients, for example: reducing operational risk in automated trading environments; improving productivity and time-to-market of critical applications; helping to create new business opportunities with best-of-breed analytics."