£2.5m Contract Extension with a Tier 1 customer

RNS Number : 9528A

Beeks Financial Cloud Group PLC

08 February 2022

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

£2.5 million Contract Extension with a Tier 1 customer

08   February 2022 - Beeks Financial Cloud Group Plc (AIM: BKS) , a cloud computing and connectivity provider for financial markets, is pleased to announce the signing of a £2.5 million contract extension over three years with an existing Tier 1 customer. The contract is for the provision of private cloud services into an additional geography.

This follows the announcement last week of a $2.2m contract for the Group's Proximity Cloud, bringing the Total Contract Value of deals signed in the current quarter to over $6m - a record for the Group and evidence of the momentum behind Beek's specialist cloud offerings for financial markets.

Gordon McArthur, CEO of Beeks Financial Cloud commented:

"We continue to secure notable contracts with some of the world's largest players in the financial services industry, demonstrating our growing reputation and the quality of our offerings. This latest contract contributes towards underpinning our FY23 expectations. With growing levels of committed future revenues and a record pipeline, we are confident in continued growth."

For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma PR
Fraser McDonald, CFO
Canaccord Genuity	[phone]
Adam James / Patrick Dolaghan
Alma PR	[phone]
Caroline Forde / H ilary Buchanan / Joe Pederzolli

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics provider for financial services. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 19 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit:  www.beeksgroup.com

 

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