REG - Beeks Fin Cloud Grp - Private Cloud Contract Wins

Beeks Financial CloudAnnouncement

24/07/2023 07:00

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RNS Number : 8768G  Beeks Financial Cloud Group PLC  24 July 2023

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Private Cloud Contract Wins

24 July 2023 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing
and connectivity provider for financial markets, is pleased to announce the
signing of a number of Private Cloud contracts in July, with a total contract
value of over $4 million. These include a significant win, via a partner, with
one of the UK's largest banks.

The wins come on the back of good contract momentum, with Beeks having
announced its second Exchange Cloud customer, the Johannesburg Stock Exchange,
in June 2023, providing increasing levels of revenue visibility for FY24 and
beyond.

The Company has a strong and growing pipeline across its different offerings.
The two Exchange Cloud contracts signed to date have the ability for
considerable expansion, and the Company has a pipeline of additional such
opportunities which, while they may take time to progress to signing, have the
potential to be transformational for the Company.

Gordon McArthur, CEO at Beeks, commented: "The global financial services
industry continues to move to cloud computing, presenting us with a
considerable opportunity. With a growing number of the world's largest
financial institutions as customers, recognition of the value of our cloud
offerings is increasing and we remain focused on the conversion of our sales
pipeline."

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 provides advanced technology services for capital markets and the
finance community. Using innovative trading solutions and a growing network of
global data centres, Beeks support their operations and ecosystems 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. Our vision is simple: Build.
Connect. Analyse.

 

beeksgroup.com

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