Irish software and consulting services firm First Derivatives has bought Australian technology company Hologram for AUS$2.5 million.

This latest deal follows First Derivatives' $20 million acquisition of US-based Market Resource Partners in October.

The company, which was founded in 1996 and is based in Newry, Co Down, employs 260 people worldwide and has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto and Hong Kong.

It is a specialist provider of consulting services to the capital markets technology sector. In a statement announcing the deal, the company said it believed the acquisition would strengthen its position in Asia Pacific region.

Hologram specialises in risk management and stock exchange software. It has been operating for five years and has offices in Sydney and Adelaide.