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 | |
| | |
| Canaccord Genuity | +44 (0)20 7523 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
