Beeks Financial Cloud Group
plc
("Beeks" or the
"Company")
Exchange Cloud Contract
Approval
Beeks receives regulatory
approval for Exchange Cloud at one of the largest exchange groups
globally
14
August 2024 - Beeks Financial Cloud
Group plc (AIM: BKS), a cloud computing and connectivity provider
for financial markets, is pleased to confirm that the conditional
contract with one of the largest exchange groups globally (the
"Exchange"), announced on 6 February 2024, has now received
regulatory approval.
Following receipt of regulatory
clearance, the deployment of services and recognition of revenue
has commenced. A further announcement will be made by both the
Company and the Exchange when the full platform is available for
customer deployments in due course. The deal helps further underpin
the Board's expectations for FY25 and marks the initial phase of an
intended multi-year partnership between Beeks and the
Exchange.
This deal marks the third
international exchange to sign up to Exchange Cloud, Beeks'
multi-home, fully configured and pre-installed physical trading
environment fully optimised for global exchanges to offer cloud
solutions to their end users. With a proven ability to secure
contracts with the world's largest exchanges, Beeks remains highly
confident in fulfilling the product's transformational
potential.
The Exchange Cloud pipeline
continues to build, with advanced discussions taking place with
other major Exchanges across the globe.
Gordon McArthur, CEO at Beeks,
commented: "We are delighted to receive regulatory
approval and commence our project with one of the most renowned
exchanges globally. We have already proven the speed with which we
are able to launch these significant deployments, and we look
forward to nurturing a sustained and successful collaboration with
the customer. We remain well-placed to satisfy the strong demand
for our solutions."
For
further information please contact:
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Beeks Financial Cloud Group plc
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Gordon McArthur, CEO
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via Alma
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Fraser McDonald, CFO
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Canaccord Genuity
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+44 (0)20 7523 8000
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Adam James / George
Grainger
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Joe Pederzolli/
Emma Thompson
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About Beeks:
Cloud computing is crucial to
Capital Markets and finance.
Beeks Group is a leading managed
cloud provider exclusively within this fast-moving sector. Our
Infrastructure-as-a-Service model is optimised for low-latency
private cloud compute, connectivity and analytics, providing the
flexibility to deploy and connect to exchanges, trading venues and
public cloud for a true hybrid cloud experience.
ISO 27001 certified, we provide
world-class security aligned to global security
requirements.
Founded in 2011, Beeks Group is
listed on the London Stock Exchange (LSE: BKS) and has enjoyed
continued growth each year. Beeks Group now employs over 100 team
members across the globe with the majority based at our Renfrew
HQ.
Find out more at
beeksgroup.com