Looking forward, First Derivatives said the outcome for the full year remains "uncertain".

Co Down based technology firm First Derivatives is to create 484 high-quality jobs in Newry.

First Derivatives reported a 6pc growth in revenue for the first six months of the year.

First Derivatives chief executive Brian Conlon, after winning the 2010 EY Entrepreneur of the Year award.

According to its statement, First Derivatives said the deal would allow it to expand its US operations.

Newry-headquartered technology company First Derivatives has appointed its chairman Seamus Keating as chief executive with immediate effect.

Mr Conlon was diagnosed with cancer in May but continued to lead First Derivatives during his treatment.

First Derivatives said consultancy revenue increased by 30.7 per cent to £20 million.

Turnover at First Derivatives was £25.5 million, rising 45 per cent on 2009 figures.

First Derivatives CEO Brian Conlon said the transaction represented the coming together of "two very like-minded firms".

Irish technology group First Derivatives is to provide software and management services to Australia's stock market watchdog from next June.

Financial software company First Derivatives has acquired ActivateClients for €4.75 million.

Locating in Newry obviously allows us to further develop synergies with First Derivatives which acquired MRP in 2008, he said.

Brian Conlon, the founder and chief executive of Newry-based technology company First Derivatives, has died at the age of 53.

Software and consulting group First Derivatives already has an office in Newry, Co Down, and is expanding its global operations.

Newry-based software firm First Derivatives continued to see strong growth last year as it expanded its services and grew its markets.