REG - Beeks Fin Cloud Grp - Proximity Cloud Win

Beeks Financial CloudAnnouncement

14/11/2023 07:15

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RNS Number : 3022T  Beeks Financial Cloud Group PLC  14 November 2023

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Proximity Cloud Win with Tier 1 Investment Manager

14 November 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 multi-year contract with a Tier 1 investment manager
for its Proximity Cloud offering.

The contract, worth more than $1.3 million in aggregate over a three year
period, with their option to extend for a further two years, is for the
deployment of the Beeks high performance, dedicated and client-owned trading
environment in both London and New York, with the potential for significant
future expansion.

This contract, combined with the previously announced $4m of Private Cloud
contracts signed in July and the go live of Exchange Cloud at the JSE in
September, have provided a strong start to the year and the Company continues
to make progress on the conversion of its significant pipeline.

Gordon McArthur, CEO at Beeks, commented: "We continue to attract high profile
financial organisations and in turn increase our presence in the sector.
 Following a strong start to the year, our high levels of contracted,
recurring revenue provide confidence moving forwards. We remain focused on
converting the growing pipeline of opportunities across each of our product
offerings and delivering growth acceleration in FY24 and beyond."

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 / Gordon Hamilton

 Alma                                               +44(0)20 3405 0205
 Caroline Forde / Hilary Buchanan / 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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