First Derivatives to partner UK investor
Irish financial firm First Derivatives has agreed a partnership deal with BGF, a UK-based investor in small and medium-sized companies.
The partnership will see First Derivatives offer technological support to BGF, while BGF will provide access to its £2.5bn (€2.8bn) balance sheet and its network of board level executives.
First Derivatives counts 19 of the top 20 global investment banks as customers and the company has already made moves to apply the technology to companies in the digital marketing, retail analytics and utilities sectors.
Under the terms of the partnership, the companies will work together to assess opportunities and support the growth of successful applicant companies.
"Having transformed areas of the financial markets, we are extremely excited about working with entrepreneurs, scientists, creatives and technologists in other fields to apply the technology into new areas," said First Derivatives founder and ceo Brian Conlon.