FD Technologies plc has completed the sale of its First Derivative business to US software company EPAM Systems Inc for an enterprise value of £230 million. This partnership brings together EPAM’s digital, AI, cloud, and engineering capabilities with First Derivative’s expertise in financial services and specialized commercial software solutions. It will enable FD Technologies to focus on its KX software business and provide the funding for it to become cash generative, as well as generate synergies for KX through a partnership with EPAM to provide professional services capabilities in key markets.