REG - Beeks Fin Cloud Grp - Proximity Cloud Win

Beeks Financial CloudAnnouncement

05/03/2024 07:15

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RNS Number : 5487F  Beeks Financial Cloud Group PLC  05 March 2024

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Proximity Cloud Win

£5m Proximity Cloud customer win with Global banking group

5 March 2024 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing
and connectivity provider for financial markets, is pleased to announce a
further significant customer win.

Beeks has achieved preferred cloud computing and connectivity vendor status
for one of the world's largest banking groups, in a competitive pitch process.
The onboarding process is underway and revenue from the win, which has the
ability for further expansion, is expected to commence in H1 FY25, with an
aggregate value of approximately £5 million over five years, supporting
recently upgraded Board expectations.

Gordon McArthur, CEO at Beeks, commented: "We continue to experience strong
momentum across our offerings, typified by this latest Proximity Cloud win
with a significant new customer, one of the world's largest banking groups. We
remain focused on the continued execution of our land and expand strategy, and
we are well-placed to benefit as the global financial markets continues its
transition to the cloud."

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 / Alex Orr

 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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