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flag FD Technologies shareholders get £120M as part of a £230M sale to EPAM Systems, keeping £54M for growth.

flag FD Technologies shareholders will receive £120 million after the company sold a significant part of its business, First Derivative, to US software giant EPAM Systems for £230 million. flag The deal, expected to complete in December, includes the transfer of 1,800 employees. flag The remaining business, KX, will retain £54 million to invest in growth and aims to become profitable. flag Despite recent losses, KX saw a 5% revenue increase, with plans for 25% annual growth.

5 months ago
6 Articles