Software firm KX Systems to enter India, open offices in Bengaluru and Mumbai
KX Systems is planning to enter the India market and set up sales and research & development offices in Bengaluru and Mumbai, a top executive at the software firm said.
The company wants to target Indian developers, IT firms and other enterprises as it plans to capture the country’s artificial intelligence market that is expected to touch $4.2 billion by 2030, chief executive Ashok Reddy said.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Professional Certificate in Digital MarketingVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitKX Systems is a wholly owned subsidiary of LSE-listed FD Technologies. The UK- and New York-based firm said it is expected to add 50 jobs in India in the first phase of expansion in the short to medium term.
“KX started off helping customers on Wall Street about 20-25 years ago to aid in big data- and real-time data-based testing to make investment strategies to beat the market. Though it started off as a programming model for Wall Street, now we are also doing it for aerospace and defence (and) life sciences. Many of the top 30-40 biggest investment banks and hedge funds globally use KX,” Reddy said.
The company counts JP Morgan, Morgan Stanley, UBS and Lockheed Martin as some of its clients.
The company’s proprietary kdb+ technology is commonly used in high-frequency trading for analysing and processing large data sets in quick time. It has also been used for other time-sensitive data applications like defence, telecommunications, and machine and computer network
