Kx Systems

Analyst Coverage :

Philip Howard

Daniel Howard

KX was founded in Palo Alto, California in 1993. It is a business unit of FD Technologies (formerly First Derivatives), which acquired a majority shareholding in KX in October 2014. FD employs over 2,000 people worldwide and has operations in cities around the world, including London, New York, Stockholm, Singapore, Hong Kong, Tokyo, Sydney, Toronto, Philadelphia, Dublin, Belfast, Zurich, Seoul and San Francisco.

Similarly, KX has found traction across a wide variety of industries, with a particularly strong presence in financial services. In capital markets, where the company originally focused, it uses both direct marketing and channels, and it has a number of partners (situated worldwide) that provide sales, consulting, and OEM services.

It initially achieved success within the smart energy and utility sectors but has since added customers for sensor data in manufacturing, Formula 1 racing, telecommunications, cybersecurity and the aerospace sector. Going forward, the company is focusing on the development of vertical applications within these sectors.