REG - Beeks Fin Cloud Grp - Beeks' Exchange Cloud now live with Nasdaq

Beeks Financial CloudAnnouncement

22/01/2025 07:00

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RNS Number : 1885U  Beeks Financial Cloud Group PLC  22 January 2025

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Beeks' Exchange Cloud now live with Nasdaq

Nasdaq confirmed as Exchange Cloud customer, with offering now live within its
core data centre

22 January 2025 --- Beeks Financial Cloud Group plc (LSE: BKS), a cloud
computing and connectivity provider for financial markets, is delighted to
confirm that the major Exchange Cloud Customer announced on 6 February 2024 is
the Nasdaq Stock Market (Nasdaq), a global technology company serving capital
markets and other industries. The service is now live, with customers expected
to be on-boarded at the end of February.

Beeks enables the world's major exchanges to become the cloud for their end
users. The agreement enables Nasdaq to offer access to cloud infrastructure
and analytics to its thousands of members. Utilising Beeks' existing
inventory, Exchange Cloud will initially be deployed in Nasdaq's core data
centre in Carteret NY11, New Jersey, with the potential for further expansion.
Consequently, this material multi-year contract has scope to grow, further
supporting the Group's growth aspirations, as well as underpinning the Board's
FY25 expectations.

Gordon McArthur, CEO at Beeks, commented: "We are delighted to name Nasdaq,
one of the world's leading exchanges, as an Exchange Cloud customer, endorsing
the power, scale and capability of the product.

Exchange Cloud represents a significant opportunity for Beeks, as the end-user
compute market within exchange data centres is considerable. We remain focused
on the conversion of our substantial pipeline of opportunities, with advanced
discussions taking place with other major Exchanges across the globe."

 

For further information please contact:

 

 Beeks Financial Cloud Group plc
 Gordon McArthur, CEO                             via Alma
 Fraser McDonald, CFO

 Canaccord Genuity                                +44 (0)20 7523 8000
 Adam James / George Grainger

 Alma Strategic Communications                    +44(0)20 3405 0205
 Caroline Forde / Joe Pederzolli / Emma Thompson

 

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics,
software, and services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology solutions
and career opportunities. www.nasdaq.com

About Beeks:

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this
fast-moving sector. Our Infrastructure-as-a-Service model is optimised for
low-latency private cloud compute, connectivity and analytics, providing the
flexibility to deploy and connect to exchanges, trading venues and public
cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global
security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS)
and has enjoyed continued growth each year. Beeks Group now employs over 100
team members across the globe with the majority based at our Renfrew HQ.

Find out more at beeksgroup.com

 

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