Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, has announced that it has secured two notable contracts, further underpinning the Board’s FY26 expectations, following the strong start to the financial year.
Beeks has signed a three-year Private Cloud contract with a major Canadian bank, with a total contract value of $1.5m. Beeks has also signed an additional £2m Proximity Cloud extension to a contract recently won with a large FX broker, taking the total contract to £4m over five years. Revenue from the two contracts is expected to commence in H2 FY26.
The Beeks Private Cloud is a cloud computing platform built for a single organisation with the scalability and flexibility of the cloud, residing within the clients’ data centre or a data centre of their choice. Proximity Cloud is 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 and hosted in a global location of the customers’ choice.
Gordon McArthur, CEO at Beeks, commented: “As described at the time of our Final Results, we have a wide range of opportunities progressing through our sales pipeline across the breadth of our product offering, demonstrating the growing appetite for our cloud computing and connectivity solutions across the global financial markets. With the proof of concept for our newest offering, Market Edge Intelligence, progressing to plan, opening up a significant additional market for the Group, and Exchange Cloud contracts with major exchanges approaching completion, we remain confident in continued momentum across our business.”
