REG - Beeks Fin Cloud Grp - Exchange Cloud win

Beeks Financial CloudAnnouncement

19/06/2023 07:00

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RNS Number : 1167D  Beeks Financial Cloud Group PLC  19 June 2023

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Exchange Cloud win

19 June 2023 - Beeks Group and IPC to Power Customer Private Cloud Deployments
for the Johannesburg Stock Exchange (JSE). The collaboration brings
world-class IaaS solutions to Africa's largest financial market.

Second Exchange customer secured for Exchange Cloud

Following the launch of Exchange Cloud in June 2022, Beeks and its partner,
IPC, a leading provider of electronic trading solutions for the global
financial markets, announces the signing of a contract with the Johannesburg
Stock Exchange (JSE), the largest stock exchange in Africa, to power customer
private cloud deployments. The collaboration will see the deployment of an
advanced managed Infrastructure-as-a-Service (IaaS) solution for the JSE,
called Colo 2.0, which the exchange will be able to offer direct to their own
customers. JSE's clients will be able to utilise all the capabilities of IPC
and Beeks Exchange Cloud, including on-demand cloud and analytics
capabilities.  

The innovative service enables exchanges to become the cloud and seeks to
empower the exchange to directly mitigate the often-costly challenges faced by
clients, such as monitoring, maintenance, and time to market concerns. Taking
advantage of the benefits of a managed service provider and the
Infrastructure-as-a-Service model, JSE will be able to offer additional
capabilities and further choice to their client base.

The project will be delivered from Beeks' existing stock supplies and will
have no requirement for cash investment to fulfil the contract.

 

Langa Manqele, Head of Equities and Equity Derivatives at Johannesburg Stock
Exchange, commented: ""The launch of Colo 2.0 will further entrench our
position as a centre of innovation for financial markets on the African
continent. We will provide our clients with leading edge innovative hosting
and connectivity solutions for their colocation needs.  This collaboration
with two global market leaders is paramount to fostering innovation at the
JSE".

Gordon McArthur, CEO at Beeks, commented: "Africa is fast emerging as an
influential global player and this is a huge opportunity for Beeks, IPC and
the JSE to help drive capital markets innovation and development in Africa. By
reducing CapEx spend and operational barriers to entry, our flexible solution
allows the JSE to offer a branded cloud service in their own facility, and
control that infrastructure easily at scale, turning a cost centre into a
profit centre. Beeks Group's Exchange Cloud offering derived from an
identified demand from global exchanges for a secure muti-client private cloud
environment and we are delighted to share that vision with the JSE and look
forward to establishing a long-term and successful relationship".

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018.

 

 

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 JSE 

The Johannesburg Stock Exchange (JSE) has a well-established history of
operating as a marketplace for trading financial products. It is a pioneering,
globally connected exchange group that enables inclusive economic growth
through trusted, world-class, socially responsible products, and services for
the investor of the future.  It offers secure and efficient primary and
secondary capital markets across a diverse range of securities, spanning
equities, derivatives, and debt markets. It prides itself as being the market
of choice for local and international investors looking to gain exposure to
leading capital markets on the African continent. 

The JSE is currently ranked in the Top 20 largest stock exchanges in the world
by market capitalisation, and is the largest stock exchange in Africa, having
been in operation for 135 years. As a leading global exchange, the JSE
co-creates unlocks value & makes real connections happen. www.jse.co.za
(http://www.jse.co.za/)   

 

About Beeks:  

Beeks is a leading managed cloud computing and analytics provider for Capital
Markets and financial services. Our vision is simple: Build. Connect.
Analyse.  

With a growing international network of data centres, Beeks provides
end-to-end outsourcing of compute environments by delivering low-latency
compute and analytics, on demand. Our cloud-based Infrastructure-as-a-Service
(IaaS) model allows financial organisations the flexibility and agility to
deploy and connect to exchanges, trading venues and cloud service providers at
a fraction of the cost of building their own networks and
infrastructure.  

ISO 27001 certified, Beeks supports its global customers at scale exclusively
within global capital markets and leading financial centres. beeksgroup.com
(http://www.beeksgroup.com/)  

 

About IPC: 

A specialist technology and service leader powering global financial markets
for over 50 years, IPC Systems is at the forefront of electronic trading
connectivity and state-of-the-art cloud communications, setting the standard
for exceptional service, innovation, and expertise.

 

IPC's customer-first approach is bolstered by an extensive and diverse
financial ecosystem that spans all asset classes and connects market
participants anywhere in the world for enhanced communication, collaboration,
and compliance. Global services include electronic trading, trading
communications, and infrastructure-as-a-service solutions.

 

IPC is ideally positioned to anticipate change and remain aligned with rapidly
transforming markets, and to empower customers to adapt to change, now and in
the future.

 

To learn more, visit www.ipc.com (http://www.ipc.com) , explore our Insights
(https://www.ipc.com/ipc-insights/) page and follow us on LinkedIn
(https://www.linkedin.com/company/ipc-systems-inc-/?viewAsMember=true) . 

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