10:12 AM
First Derivatives Makes Australian Acquisition
First Derivatives has acquired Hologram, an Australian technology company focused on risk management and data management systems.
First Derivatives’ Delta product suite includes enterprise risk, algorithmic/program trading and data management solutions. The acquisition aims to strengthen the firm’s presence in the Asia Pacific region.
In a statement, Brian Conlon, CEO of First Derivatives said, “The skills of Hologram’s executive team complement those of First Derivatives extremely well and Hologram’s product range will slot seamlessly into our Delta product suite. The Hologram principals have a track record of developing and marketing enterprise software in our domain and this expertise adds to our team of world-class technology professionals.”
He added, “We continue to invest significant resources in research and development and the acquisition will help us expand our range of applications and adds corporate treasuries to our target customer base. The transaction is a coming together of two very like minded firms with a mutual emphasis on professionalism and a drive to produce market leading software.”