REG - Beeks Fin Cloud Grp - Exchange Cloud Win

Beeks Financial CloudAnnouncement

Wed 16:45

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RNS Number : 6495J  Beeks Financial Cloud Group PLC  21 May 2025

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Exchange Cloud Win

Australian Securities Exchange launches Colo OnDemand to support customers
connecting to its financial markets

21 May 2025 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing
and connectivity provider for financial markets, is pleased to announce that
it has signed a significant multi-year Exchange Cloud contract with the
Australian Securities Exchange (ASX), the 11(th) largest stock market
globally.(1)

The deployment of Exchange Cloud supports ASX's new Colocation on Demand
service. This fully managed 'Infrastructure as a Service' solution gives
customers access to scalable and secure on-demand private cloud computing and
secure high-performance trading infrastructure colocated within the Australian
Liquidity Centre (ALC), a data centre that operates at the heart of
Australia's financial markets, reducing latency, cost and complexity.

By removing the need for customers to own and operate their own
infrastructure, ASX Colo OnDemand expands ASX's connectivity services offering
and significantly lowers the barriers of entry to the Australian financial
markets for firms of all sizes.

This partnership is a revenue share deal, with revenue recognition expected to
commence during 2025, further contributing towards the Board's FY26
expectations and adding to the Company's increasing levels of contracted,
multi-year, recurring revenue.

Beeks' transition to a revenue share model for Exchange Cloud contracts offers
various commercial advantages, including shortened sales cycles, as
demonstrated by the two most recent Exchange Cloud wins, as well as higher
long-term profitability potential.

The Company looks to the future with confidence and is well positioned to
deliver further growth.

Gordon McArthur, CEO at Beeks, commented: "We are delighted to welcome ASX as
an Exchange Cloud client and underpin their new innovative Colocation on
Demand service. This collaboration demonstrates ASX's commitment to helping
their customers access the most liquid markets in Australia and beyond,
through secure, scalable and flexible infrastructure. By adopting our Exchange
Cloud solution, ASX can provide enhanced connectivity and analytics while
giving market participants greater control over their trading environments."

Jamie Crank, Group Executive, Technology & Data, said: "This new offering
puts the needs of our customers first and has the potential to benefit an
underserved market segment, such as buy-side firms, niche and smaller broker
and investment firms, and emerging software providers. In launching ASX Colo
OnDemand, we can cater for businesses of all sizes to access the benefits of
co-locating in the ALC.

"This solution, focused on making it easier for our customers to connect to
Australia's financial markets, creates a more convenient, affordable and
scalable option that takes away the burden of businesses managing their own
infrastructure.

"ASX Colo OnDemand gives customers the access they need, without the cost and
complexity of managing it themselves."

1      Austrade Benchmark Report 2023

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 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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