Page 18 - First Derivative News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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The stake is being sold for a cash consideration of £11m (€12.7m). This represents a total gain of £10m on the initial cost of the investment, and a £7m gain on the current carrying value. Following the sale, First Derivatives will retain a minority stake in Quantile. In a statement yesterday, First Derivatives said the investment initially occurred as part of its strategy of assisting companies that were adopting KX technology. KX technology enables high-performance, in-memory computing, streaming analytics and operational intelligence services and underpins Quantile’s advanced compre...