First Derivatives announces data management solutions division

22 August 2011

First Derivatives (AIM: FDP.L, IEX: GYQ.I), a leading provider of software and consulting services to the capital markets industry, this morning announces the formation of a dedicated data management solutions division.

Following the recent announcement of the launch of the Company’s hosted Delta Data Factory service for reference data , the formation of a dedicated data management division further signifies the Company’s strong commitment to, and investment in, the global data management space. The new division brings together a senior team of highly experienced and respected professionals from the data management industry including;

• Bob Wolfert, - responsible for Product / SaaS operations, development, implementation, support and key accounts. Bob is a well respected veteran who brings 30 years of industry knowledge to FD from FiTek as Senior MD operations, GoldenSource as EVP and JPMorgan.

• Bret Bange - responsible for global sales, business development and tactical marketing. Formerly Senior Director with GoldenSource, Bret has over 15 years experience selling data solutions.

• Gerry Marsh, - responsible for business operations. Gerry has over 30 years in the data management space, was formerly MD at Reference Data Factory (RDF), and General Manager at GoldenSource (FTI);

• Andy Dilkes, - responsible for data application software, service/ product management and client services. He was formerly a partner with RDF and prior to that, head of client services at GoldenSource (FTI).

• Marc Odho, - responsible for global data management consulting, leveraging more than 20 years experience managing, building and operating large-scale, multi-asset class databases. Prior to joining First Derivatives, Marc held senior positions with LakeFrontData (Partner), SunGard (MD), CIBC World Markets (MD) and Reuters (SVP)

• Neil Edelstein, - senior data management consultant. Neil is a 20 year+ veteran having worked with industry leaders Accenture, Cap Gemini, GoldenSource and FAME/SunGard;

• Philip Dodds, - technical lead and architect, formerly CTO at Exist Global, CTO at DevZuz, a committer with the Apache Software Foundation and VP of development at GoldenSource (FTI). Phil was a co-founder at Unity Systems, which preceded RDF.

Dale Richards, President of US Operations and global head of data management commented: “First Derivatives has invested in a focused blue chip data management team that is complimented by an 80-strong central R&D team, a global sales presence and a unique global operational & infrastructure capability for supporting mission critical operations. Our data management offerings have significant potential in today’s market and this is a team that can help us realise that potential.”

Brian Conlon, founder and CEO of First Derivatives plc, said: “the creation of a world-class data management solutions team to drive our data management service capability is a key component in our strategy to deliver innovative client solutions in the data management space."

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