PR Newswire
05 Aug 2022, 17 GMT+10
LONDON, Aug. 5, 2022 /PRNewswire/ -- FD Technologies announces the appointment of Ashok Reddy as Chief Executive Officer of KX, reporting directly to Group CEO Seamus Keating.
With an established track record of building and growing global technology businesses, Reddy joins KX at an optimal moment, with growth in annual recurring revenue accelerating and the signing of a landmark strategic partnership agreement with Microsoft earlier this year positioning KX for further growth.
"The market opportunity for KX is considerable," said Reddy. "Real-time analytics is one of the most exciting spaces in technology today, and the opportunity for KX is evidenced by the growing number of new customer agreements in industries outside our core financial services base. I'm looking forward to leading the business, using my experience in developing and implementing strategies that deliver rapid growth to create value for stakeholders."
Reddy has more than 20 years of experience leading teams and driving revenue for Fortune 500 companies. He spent ten years at IBM where he led the end-to-end delivery of enterprise products and platforms for a diverse portfolio of global customers. During his tenure, he more than doubled revenue and created a DevOps category that exceeded $350m in new revenue.
At CA Technologies, Reddy delivered growth in revenue and profitability, focused on the world's largest financial services customers and cloud-based DevOps and AIOps product lines. A similar role at semiconductor firm Broadcom saw Reddy establish the company's first enterprise software division and the formulation and implementation of a new business model that drove growth and more than tripled net margins in less than a year. Most recently, Ashok was the CEO of Digital.AI, driving rapid revenue growth and establishing it as the leader in AI-driven DevOps value stream management.
Commenting on the appointment, FD Technologies CEO Seamus Keating said: "We're delighted to have Ashok join as CEO of KX. His track record of success in enterprise software, driving product and commercial strategies is a perfect fit as we look to accelerate our growth following a transformational year for the business."
About FD Technologies
FD Technologies is a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organisations forward. The Group comprises KX, the leading technology for real-time continuous intelligence; First Derivative, which provides technology-led services in capital markets; and MRP, the only enterprise-class, predictive Accounts Based Marketing solution. FD Technologies operates from 14 locations across Europe, North America and Asia Pacific, and employs more than 3,000 people worldwide.
For further information, please visit www.fdtechnologies.com and www.kx.com
CONTACT:
Kristin Davie,
kdavie@fdtechnologies.com
SOURCE KX
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
NEW YORK CITY, New York: After a study released on Wednesday projected a 15 to 20 percent reduction in the ...
MOSCOW, Russia: Financial information released by the Rosstat federal statistics service this week indicated that Russia's economy shrank 4 percent ...
KATHMANDU, Nepal - While the Ministry of Finance has begun repaying interest on the loans for the planes, a batch ...
WASHINGTON D.C.: Providing relief to drivers in the United States, the average retail gasoline price in the US fell below ...
NEW YORK CITY, New York: Walmart could sign a deal with Disney, Paramount, or Comcast, with the aim of breaking ...
MILAN, Italy: Milano Today has reported that seven years after launching in the country, American pizza giant Domino's has now ...