Shares in First Derivatives (FDP) rose 4 per cent on the news that it has signed a contract with a FTSE 100 gaming company, for the use of its flagship ‘Kx’ technology to provide data analytics services. The customer in question remains anonymous, but is “one of the world's leading sports betting and gaming operators” and has more than 4m customers globally.
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No details were given on the value of the deal. Analysts at Berenberg said it is “another positive step for FD” as it expands its Kx technology into markets outside of the finance industry – although it won’t “move the needle” to begin with, and won’t therefore impact forecasts.
