GBP4.4m Private Cloud Contract Win

RNS Number : 8298F

Beeks Financial Cloud Group PLC

24 March 2022

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

GBP £4.4m Private Cloud Contract Win

Brings total contracted value of sales in the quarter to c.$15 million

24 March 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 multi-year  Private Cloud contract. The contract , worth £4.4 million over five years, is for a new European Tier 1 client, and was secured via a partner.

The latest contract is testament to the strong sales momentum across the Group, now successfully targeting the world's largest financial services organisations and exchanges. Both the Private Cloud and Proximity Cloud Offerings have significantly contributed to Beeks' record third quarter of trading, with c. $15 million in total contracted value during the period, representing a three-fold uplift on our previous record quarter of Q1 FY22.

Gordon McArthur, CEO of Beeks Financial Cloud commented:

"Successfully securing a further contract of such significance reinforces our belief that the prospects for Beeks have never been stronger, as financial services organisations accelerate their cloud strategies. Alongside other recent wins we have announced, this latest contract contributes towards underpinning our FY23 expectations. A substantial pipeline continues to build across our Private Cloud and Proximity Cloud offerings, and we are confident in our ability to further increase our market share."

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 / Hilary Buchanan / Joe Pederzolli

The Directors of the Company are responsible for the contents of this announcement.

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 22 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit:  www.beeksfinancialcloud.com

 

END

 

 

CNTSEUFUDEESEID