Software and consulting service provider First Derivatives has announced the acquisition of data management consultancy LakeFront Data Ventures.

LakeFront Data Ventures (LDV) is a Toronto-based data management and financial information consulting company. First Derivatives said that the acquisition will allow it to address the data-centric requirements of client integration projects supporting the enterprise, trading, credit/market risk and back/mid office applications.

Brian Conlon, CEO of First Derivatives, said: “LakeFront has been an excellent partner and we are delighted that they are joining the First Derivatives group. Our clients' strategic plans with respect to data management are expanding dramatically and adding LDV will augment First Derivatives' ability to address these growing requirements.”

Dale Richards, CEO and managing partner of LDV, said: “LDV with First Derivatives is a natural fit. The ability to offer data management advisory and strategy and deep world-class capital markets implementation is a winning combination.”