REG - Beeks Fin Cloud Grp - Extension of JSE Contract

Beeks Financial CloudAnnouncement

20/08/2024 07:00

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RNS Number : 9979A  Beeks Financial Cloud Group PLC  20 August 2024

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Extension of JSE Colo 2.0 partnership with Beeks Exchange Cloud and
IPC

Significant further extension of JSE Colo 2.0 into a second data centre
location

20 August 2024 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing
and connectivity provider for financial markets, is pleased to announce that
the Johannesburg Stock Exchange (JSE) has signed a further significant
contract extension for the provision of Beeks' Exchange Cloud, to a second
data centre location. The multi-year contract extension further supports the
Board's confidence in its financial expectations.

The JSE's Colo 2.0 is an advanced managed infrastructure as a service based on
the Beeks Exchange Cloud offering, in partnership with IPC. Colo 2.0 provides
JSE customers with leading edge innovative hosting and connectivity solutions,
accessing on-demand private cloud computing and low latency analytics.

Under the extended contract,  the service will also be available at the JSE's
Teraco data centre, specifically to meet the needs of large banks' regulatory
requirements for dual location disaster recovery.

This expansion follows the successful launch of the JSE Colo 2.0 in September
2023, and a significant contract extension in March 2024 to meet stronger than
anticipated customer demand.

Tebalo Tsoaeli, Chief Innovation Officer at the JSE, commented: "Since the
launch of Colo 2.0 in September 2023, JSE has seen significant adoption of the
Colo 2.0 service by customers, demonstrating a clear demand for the product
offering. This has resulted in additional demand for a secondary solution
aimed at addressing the redundancy and Disaster Recovery requirements of
existing customers. Through our partnership with Beeks and IPC, JSE seeks to
power a truly cloud-based marketplace infrastructure that is modern,
hyper-scalable, ultra-resilient, highly performant, and accessible to all
market participants."

Gordon McArthur, CEO at Beeks, commented: "We are delighted to announce this
further expansion with the JSE to meet the growing demand for the Colo 2.0
service from the JSE's customers. Exchange Cloud continues to be a unique
offering in the market, and the success of the solution at the JSE is
supporting our discussions with other global exchanges, underpinning our
confidence in continued momentum."

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

 

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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