Proximity Cloud Win
Beeks signs multi-year Proximity Cloud contract worth c.$2 million over four years with leading FX and multi-asset brokerage firm.
vs expectations: in line
- Contract value c.$2 million over four years
- Revenue recognition start H2 FY25
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08 April 2025 - 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 Proximity Cloud contract with a leading global foreign exchange ('FX') and multi-asset brokerage firm.
The contract, worth c.$2 million over four years, is for the deployment of the Beeks high performance, dedicated and client-owned trading environment across the client's core FX platform, with revenue recognition set to commence in H2 FY25, further supporting current Board expectations.
The latest win, in addition to the previously announced Exchange Cloud win with Kraken, reflects the Company's strong H2 FY25 sales momentum, with a significant pipeline remaining and further commercial wins anticipated in the near term.
Gordon McArthur, CEO at Beeks, commented: "This win reflects the growing demand for our solutions as financial services organisations accelerate their cloud strategies. We remain focused on the conversion of our substantial pipeline and we are confident in our ability to capitalise on the growth opportunity ahead."
Find out more at beeksgroup.com
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