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Newry firm First Derivatives snaps up Affinity for £7.7m

By Margaret Canning

Newry financial software firm First Derivatives has announced its third multi-million pound acquisition in around four weeks as it snaps up a Canadian firm.

First Derivatives (FD) will pay up to $14.5m (£7.7m) for Affinity Systems Limited in Canada.

The business provides software development and consultancy services, and recently released software addressing the challenges of processing large amounts of data. Brian Conlon, chief executive of FD, said: "Affinity is a natural fit for FD. Both the strategy of developing software products built on kdb+, one of the world's most powerful databases, and the cultural ethos of Affinity, mirror that of FD."

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