REG - Beeks Fin Cloud Grp - Private Cloud Contract Wins

Beeks Financial CloudAnnouncement

10/10/2022 07:16

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RNS Number : 2551C  Beeks Financial Cloud Group PLC  10 October 2022

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Private Cloud Contract Wins

10 October 2022 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud
computing and connectivity provider for financial markets, is pleased to
announce the signing of two multi-year Private Cloud contracts with global
Asset Management firms. The contracts, worth c.$2 million in aggregate over
three years, were secured via a partner for deployments across US, APAC and
EMEA.

The contracts demonstrate the applicability of the Beeks Private Cloud
offering across financial services, as the sector increasingly looks to cloud
computing to increase performance and facilitate the rapid roll out of new
services. The contracts help to further underpin the Group's FY23
expectations.

 

Gordon McArthur, CEO of Beeks Financial Cloud commented:

"We continue to see positive sales momentum across our range of cloud
computing offerings and are delighted that our partnerships go from strength
to strength, supporting our direct sales activities. A substantial pipeline
continues to build across our Private Cloud, Proximity Cloud and Exchange
Cloud offerings, and we are confident in our ability to further increase our
market share of the growing cloud computing market."

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

 

Beeks is a leading managed cloud computing, connectivity 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,
connectivity 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)

 

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