Beeks Financial Cloud Group PLC Private Cloud Contract Wins (8768G)
July 24 2023 - 2:00AM
UK Regulatory
TIDMBKS
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
+44 (0)20 7523
Canaccord Genuity 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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END
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