Delta Software Contract Wins

24 May 2010

Secures over $1m per annum license revenue from 3 Delta Sales

First Derivatives (AIM:FDP.L, IEX:GYQ.I), a leading provider of software and support services to the financial services industry, is pleased to announce that the Company has signed contracts worth over $1m per annum for its Delta Algo and Delta Stream products across three leading financial institutions in the UK and North America. The three organisations include a leading UK bank, a global investment bank and a major North American hedge fund. The deals have additionally generated approximately $1m in consulting revenue.

Brian Conlon, Chief Executive Officer of First Derivatives, plc commented, “We are delighted to announce further contract wins for the Delta suite of products. These deals emphasise the quality of the Delta software and represent a significant return on the R&D investment we have made to date. The Delta products provide a significant opportunity to cross-sell other First Derivatives software solutions, as well as providing additional support and consulting services. These are the first in a number of significant deals anticipated to be signed in the next few months.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development