Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, August 05 2022 - 23:09
Appointment of Ashok Reddy as CEO of KX
LONDON, Aug. 5, 2022 /PRNewswire-AsiaNet/ --

FD Technologies announces the appointment of Ashok Reddy as Chief Executive 
Officer of KX, reporting directly to Group CEO Seamus Keating.

With an established track record of building and growing global technology 
businesses, Reddy joins KX at an optimal moment, with growth in annual 
recurring revenue accelerating and the signing of a landmark strategic 
partnership agreement with Microsoft earlier this year positioning KX for 
further growth. 

"The market opportunity for KX is considerable," said Reddy. "Real-time 
analytics is one of the most exciting spaces in technology today, and the 
opportunity for KX is evidenced by the growing number of new customer 
agreements in industries outside our core financial services base. I'm looking 
forward to leading the business, using my experience in developing and 
implementing strategies that deliver rapid growth to create value for 

Reddy has more than 20 years of experience leading teams and driving revenue 
for Fortune 500 companies. He spent ten years at IBM where he led the 
end-to-end delivery of enterprise products and platforms for a diverse 
portfolio of global customers. During his tenure, he more than doubled revenue 
and created a DevOps category that exceeded $350m in new revenue. 

At CA Technologies, Reddy delivered growth in revenue and profitability, 
focused on the world's largest financial services customers and cloud-based 
DevOps and AIOps product lines. A similar role at semiconductor firm Broadcom 
saw Reddy establish the company's first enterprise software division and the 
formulation and implementation of a new business model that drove growth and 
more than tripled net margins in less than a year. Most recently, Ashok was the 
CEO of Digital.AI, driving rapid revenue growth and establishing it as the 
leader in AI-driven DevOps value stream management. 

Commenting on the appointment, FD Technologies CEO Seamus Keating said: "We're 
delighted to have Ashok join as CEO of KX. His track record of success in 
enterprise software, driving product and commercial strategies is a perfect fit 
as we look to accelerate our growth following a transformational year for the 

About FD Technologies

FD Technologies is a group of data-driven businesses that unlock the value of 
insight, hindsight and foresight to drive organisations forward. The Group 
comprises KX, the leading technology for real-time continuous intelligence; 
First Derivative, which provides technology-led services in capital markets; 
and MRP, the only enterprise-class, predictive Accounts Based Marketing 
solution. FD Technologies operates from 14 locations across Europe, North 
America and Asia Pacific, and employs more than 3,000 people worldwide.

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Kristin Davie

Source: KX