Analyst Coverage: Philip Howard
Kx Systems was founded in Palo Alto, California in 1993. The company is a subsidiary of First Derivatives Inc. plc, which acquired a majority shareholding in Kx in October 2014. FD employs over 2,000 people worldwide and has operations in cities around the world including London, New York, Stockholm, Singapore, Hong Kong, Tokyo, Sydney, Toronto, Philadelphia, Dublin, Belfast, Zurich, Seoul and San Francisco.
In capital markets, where the company originally focused, Kx used both direct marketing and channels. It has partners around the world that provide product sales and consulting. In addition to these companies, the company also has OEM partners. However, for Internet of Things (IoT) applications Kx primarily goes to market directly. Kx started with the smart energy and utility sectors, and since has added customers in several industries including precision manufacturing and IoT more generally.