Beeks Financial Cloud Group PLC Launch of Proximity Cloud and Trading Update (0673I)
August 10 2021 - 1:00AM
UK Regulatory
TIDMBKS
RNS Number : 0673I
Beeks Financial Cloud Group PLC
10 August 2021
Beeks Financial Cloud Group plc
("Beeks" or the "Company")
Launch of Proximity Cloud
Trading Update
10 August 2021 -- Beeks Financial Cloud Group Plc (AIM: BKS) , a
cloud computing and connectivity provider for financial markets, is
pleased to announce the launch of Proximity Cloud, the industry's
first private cloud environment for financial markets and to
provide an update on trading for the year ended 30 June 2021.
Launch of Proximity Cloud
Developed over the prior year and with the support of the
proceeds from the fundraise in April 2021, Proximity Cloud has
launched today with multiple client Proof of Concepts
commencing.
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.
Being hosted and managed on a client site, as opposed to within
a Beeks facility, this new offering addresses a significant part of
the market that was previously unavailable to the Company.
Trading Update
The Group has experienced good levels of trading in the second
half of the year, notwithstanding the ongoing impact of Covid-19,
and expects to announce results in line with market expectations,
delivering growth in both revenue and Underlying EBITDA on the
prior year. The Group has continued to successfully expand its
relationships with existing Tier 1 customers in the second half and
has a growing pipeline of opportunities.
With an expanded, differentiated offering, growing sales network
and increased sales pipeline, the Board remains confident in the
Group's ability to capitalise on the growing demand for cloud
computing and connectivity from financial services organisations
and the ongoing success of Beeks.
The Company looks forward to providing a further update at the
time of the Final Results, to be released in mid-September.
For further information please contact:
Beeks Financial Cloud Group plc
Gordon McArthur, CEO via Alma PR
Fraser McDonald, CFO
+44 (0)20 7523
Canaccord Genuity 8000
Adam James
+44 (0)20 3405
Alma PR 0212
Caroline Forde / H ilary Buchanan / Joe Pederzolli
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 19
datacentres, Beeks supports its global customers at scale in the
leading financial centres.
For more information, visit: www.beeksfinancialcloud.com
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END
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