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The 2017 Tech 40: Brian Conlon

36. Brian Conlon
Chief Executive Officer
First Derivatives and
Kx Systems
Last year: 41

Wall Street has been ahead of much of the corporate world in seeing the enormity of big data and finding technology to analyze it. Major capital markets players like Goldman Sachs Group and Morgan Stanley have for years been users of First Derivatives' Kx Systems — high-performance databases for crunching huge sets of historical and streaming market data. First Derivatives was a longtime strategic partner of Kx before picking up a controlling interest in the Palo Alto, California-based business in 2014. Now the Newry, Northern Ireland-based company, founded in 1996 by chief executive officer Brian Conlon, is taking the technology beyond finance. Recent sales announcements cite analytical applications of Kx in satellite imagery with a unit of Airbus, and in health care with startup RxDataScience. "We have the engine to power people's ideas," says Conlon. The CEO has his sights on an "addressable target market" exceeding $60 billion in such data-rich and analytics-hungry areas as cybersecurity, the Internet of Things, robotics, machine learning, and artificial intelligence. In May, First Derivatives reported preliminary earnings that Conlon, 51, calls "another monumental year," with revenue in the 12 months through February rising 30 percent to £152 million ($197.5 million). Of that, £117 million was in fintech.

The 2017 Tech 40
1. Adena Friedman
2. Catherine Bessant
Bank of
America Corp.
3. Robert Goldstein
4. Jeffrey Sprecher
Intercontinental Exchange
5. Lance Uggla
IHS Markit
6. Shawn Edwards & Vlad Kliatchko
7. David Craig
Thomson Reuters
8. Michael Spencer
NEX Group
9. Don Callahan
10. Elisha Wiesel
Goldman Sachs Group
11. Michael Bodson
Depository Trust & Clearing Corp.
12. Terrence Duffy
CME Group
13. Charles Li
Hong Kong Exchanges and Clearing
14. Sean Belka
Fidelity Investments
15. Chris Concannon
CBOE Holdings
16. Guy Chiarello
First Data Corp.
17. Steven Lieblich
18. David Rutter
19. Blythe Masters
Digital Asset Holdings
20. Alfred Spector
Two Sigma Investments
21. Neil Katz
D.E. Shaw Group
22. Lee Olesky
Tradeweb Markets
23. Richard McVey
MarketAxess Holdings
24. David Gledhill
DBS Bank
25. Seth Merrin
Liquidnet Holdings
26. Antoine Shagoury
State Street Corp.
27. Peter Brown &
Robert Mercer
Renaissance Technologies
28. Lou Eccleston
TMX Group
29. Peter Cherecwich
Northern Trust Corp.
30. Mike Chinn
S&P Global Market Intelligence
31. Chris Corrado
London Stock Exchange Group
32. Neal Pawar
AQR Capital Management
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
35. Sebastián Ceria
36. Brian Conlon
First Derivatives and Kx Systems
37. Tyler Kim
38. Michael Cooper
BT Radianz
39. Robert Schifellite
Broadridge Financial Solutions
40. Jim Minnick

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