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Pin to quick picksBeeks Fin.cloud Regulatory News (BKS)

Beeks Fin.cloud Information

Share Price Information for Beeks Fin.cloud (BKS)

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Share Price: 167.50
Bid: 165.00
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Change: -2.00 (-1.18%)
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$2 million Proximity Cloud Win

22 Feb 2022 07:00

RNS Number : 3483C
Beeks Financial Cloud Group PLC
22 February 2022
 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

 

$2 million Proximity Cloud Win

Additional significant contract brings total value of Proximity Cloud contracts to over $5.2m since launch in August 2021

 

22 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 another multi-year contract for its recently launched Proximity Cloud offering. The five year contract, worth an initial $2 million, is for a North American bank, secured via a partner.

 

Proximity Cloud is a private cloud environment for financial markets, a high-performance, dedicated and client-owned trading environment, fully optimised for low latency trading conditions and built with security and compliance at the forefront.

 

The value of this contract means that the Board anticipates revenue for the full year to be slightly ahead of the recently upwardly revised expectations, with the additional profits to be further invested into the offering in order to support the strong pipeline of opportunities ahead.

 

Gordon McArthur, CEO of Beeks Financial Cloud commented:

 

"I am delighted to have signed another Proximity Cloud contract, underpinning the Board's strong belief in the value of the offering. We are attracting some of the world's leading financial services organisations and I am confident the investment we are making in additional features to Proximity Cloud, will see our pipeline continue to increase."

 

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 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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