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24 Mar 2022 07:00
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 | +44(0)20 7523 8000 |
Adam James / Patrick Dolaghan | |
Alma PR | +44(0)20 3405 0205 |
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
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