REG - Beeks Fin Cloud Grp - Proximity Cloud Win

Beeks Financial CloudAnnouncement

08/04/2025 07:00

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RNS Number : 0107E  Beeks Financial Cloud Group PLC  08 April 2025

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Proximity Cloud Win

08 April 2025 - 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 Proximity Cloud contract with a leading global foreign
exchange ('FX') and multi-asset brokerage firm.

The contract, worth c.$2 million over four years, is for the deployment of the
Beeks high performance, dedicated and client-owned trading environment across
the client's core FX platform, with revenue recognition set to commence in H2
FY25, further supporting current Board expectations.

The latest win, in addition to the previously announced Exchange Cloud win
with Kraken, reflects the Company's strong H2 FY25 sales momentum, with a
significant pipeline remaining and further commercial wins anticipated in the
near term.

Gordon McArthur, CEO at Beeks, commented: "This win reflects the growing
demand for our solutions as financial services organisations accelerate their
cloud strategies. We remain focused on the conversion of our substantial
pipeline and we are confident in our ability to capitalise on the growth
opportunity ahead."

 

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 / Emma Thompson

 

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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