FD Technologies Unveils Merger of MRP with CONTENTgine, Plans to Split KX and First Derivative

FD Technologies, the global leading technology provider in the financial industry, unveiled recently a major transformation, considering separation of its its three businesses, including MRP, KX and First Derivative, to best deliver value for shareholders.

As a first step towards this goal, the Group has agreed to an all-share merger of its MRP business, a leading global predictive intelligence organization, with CONTENTgine, a provider of B2B technology buyer insights and lead generation.

Through the merger, the Group looks to build a top-tier provider in the B2B demand generation services market, which will be led by MRP CEO Christopher Rack, assisted by the three founders of CONTENTgine. FD Technologies will own 49% of the combined entity.

For the financial year ending 28 February 2023, revenue created by MRP was £41.5m, with adjusted EBITDA of £1.4m. However, in the six months ending 31 August 2023, the business generated revenue of £15.7m, but incurred an adjusted EBITDA loss of £0.2m.

Additionally, the Group seeks to separate KX, the database for vector, time series and real-time analytics, and First Derivative, a technology provider for investment banks and other financial companies.

"It is the right decision to take transformative action to separate them and realise value for shareholders," states Donna Troy, Chair of FD Technologies. "I am confident we can address some of the recent short term trading issues with the actions we have announced today in the trading statement and with focus and input from our management and Board we will ensure we maximise the potential across the portfolio."

FD Technologies' revenue for FY23​ reached £296 million, an increase of 12% comparing to £263.5 million in FY22.