Private Cloud Contract Wins

RNS Number : 2551C

Beeks Financial Cloud Group PLC

10 October 2022

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Private Cloud Contract Wins

10 October 2022 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce the signing of two multi-year Private Cloud contracts with global Asset Management firms. The contracts , worth c.$2 million in aggregate over three years, were secured via a partner for deployments across US, APAC and EMEA.

The contracts demonstrate the applicability of the Beeks Private Cloud offering across financial services, as the sector increasingly looks to cloud computing to increase performance and facilitate the rapid roll out of new services. The contracts help to further underpin the Group's FY23 expectations.

Gordon McArthur, CEO of Beeks Financial Cloud commented:

"We continue to see positive sales momentum across our range of cloud computing offerings and are delighted that our partnerships go from strength to strength, supporting our direct sales activities. A substantial pipeline continues to build across our Private Cloud, Proximity Cloud and Exchange Cloud offerings, and we are confident in our ability to further increase our market share of the growing cloud computing market."

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

About Beeks

Beeks is a leading managed cloud computing, connectivity and analytics provider for Capital Markets and financial services. Our vision is simple: Build. Connect. Analyse.

With a growing international network of data centres, Beeks provides end to end outsourcing of compute environments 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.

ISO 27001 certified, Beeks supports its global customers at scale exclusively within global capital markets and leading financial centres.

beeksgroup.com

 

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