Proximity Cloud Wins
Beeks Financial Cloud Group plc has announced significant sales momentum with two new Proximity Cloud wins, including a five-year contract valued at approximately £1.9 million with a major South African bank, which also involves deploying Proximity Cloud in two London locations. Additionally, the company secured a £2 million extension to its Proximity Cloud contract with a large FX broker, bringing the total contract value to £6 million over five years. Revenue from both new contracts is anticipated to commence in the second half of fiscal year 2026, supporting the company's financial expectations for that period.
Select text to share a quote on X · sign in to keep highlights & notes in your BKS notes
08 December 2025 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce continued sales momentum with two further notable wins for Beeks' Proximity Cloud offering, a high-performance, dedicated and client-owned trading environment. As with the contracts announced last week, revenue from both contracts is expected to commence in H2 FY26, further underpinning the Board's FY26 expectations.
Five year contract with a major South African bank
The contract with the South African bank has an initial aggregate value of c.£1.9 million over five years with the potential for further expansion. The bank is a major user of the Johannesburg Stock Exchange's (JSE) Colo 2.0 service, which is delivered through the Beeks Exchange Cloud offering, and is additionally deploying Proximity Cloud outside of South Africa in two London locations, with the onboarding process underway. This win underlines the upsell potential afforded by each Exchange Cloud installation, which showcase Beeks' scalable and high performance infrastructure to multiple customers of each exchange.
FX broker continues to expand the use of Proximity Cloud
Further to the extension announced on 3 December 2025, Beeks has signed an additional £2m extension to the Proximity Cloud contract with the same large FX broker, bringing the total contract to £6m over five years.
Gordon McArthur, CEO at Beeks, commented: "We continue to see strong sales momentum as financial services organisations accelerate their cloud strategies. The South African bank win demonstrates the major upsell potential of our Exchange Cloud engagements, providing financial institutions with the confidence to adopt our scalable and secure cloud environments in additional locations. Meanwhile, the rate at which we have expanded with the FX broker and the considerable total contract value, demonstrates the size of expansion opportunity when dealing with major organisations. We continue to look to the future with confidence, supported by a strong pipeline across each of our offerings."
Find out more at beeksgroup.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.