REG - Beeks Fin Cloud Grp - $2 million Proximity Cloud Win

Beeks Financial CloudAnnouncement

22/02/2022 07:00

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RNS Number : 3483C  Beeks Financial Cloud Group PLC  22 February 2022

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

 

$2 million Proximity Cloud Win

 

Additional significant contract brings total value of Proximity Cloud
contracts to over $5.2m since launch in August 2021

 

22 February 2022 - Beeks Financial Cloud Group Plc
(https://www.beeksgroup.com/)  (AIM: BKS), a cloud computing and
connectivity provider for financial markets, is pleased to announce the
signing of another multi-year contract for its recently launched Proximity
Cloud offering. The five year contract, worth an initial $2 million, is for a
North American bank, secured via a partner.

 

Proximity Cloud is a private cloud environment for financial markets, a
high-performance, dedicated and client-owned trading environment, fully
optimised for low latency trading conditions and built with security and
compliance at the forefront.

 

The value of this contract means that the Board anticipates revenue for the
full year to be slightly ahead of the recently upwardly revised expectations,
with the additional profits to be further invested into the offering in order
to support the strong pipeline of opportunities ahead.

 

Gordon McArthur, CEO of Beeks Financial Cloud commented:

 

"I am delighted to have signed another Proximity Cloud contract, underpinning
the Board's strong belief in the value of the offering. We are attracting some
of the world's leading financial services organisations and I am confident the
investment we are making in additional features to Proximity Cloud, will see
our pipeline continue to increase."

 

For further information please contact:

 

 Beeks Financial Cloud Group plc
 Gordon McArthur, CEO                               via Alma PR
 Fraser McDonald, CFO
 Canaccord Genuity                                  +44 (0)20 7523 8000
 Adam James / Patrick Dolaghan
 Alma PR                                            +44(0)20 3405 0205
 Caroline Forde / Hilary Buchanan / Joe Pederzolli

 

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics
provider for financial services. Our cloud-based Infrastructure-as-a-Service
(IaaS) model allows financial organisations the flexibility and agility to
deploy and connect to a variety of exchanges, trading venues and cloud service
providers at a fraction of the cost of building their own networks and
infrastructure. Based in the UK with an international network of 19
datacentres, Beeks supports its global customers at scale in the leading
financial centres.

For more information, visit:  www.beeksgroup.com

 

 

 

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