Beeks Financial Cloud Group
plc
("Beeks" or the
"Company")
Extension of JSE Colo 2.0
partnership with Beeks Exchange Cloud and
IPC
Significant further
extension of JSE Colo 2.0 into a second data centre
location
20
August 2024 - Beeks Financial Cloud
Group plc (AIM: BKS), a cloud computing and connectivity provider
for financial markets, is pleased to announce that the Johannesburg
Stock Exchange (JSE) has signed a further significant contract
extension for the provision of Beeks' Exchange Cloud, to a second
data centre location. The multi-year contract extension further
supports the Board's confidence in its financial
expectations.
The JSE's Colo 2.0 is an advanced
managed infrastructure as a service based on the Beeks Exchange
Cloud offering, in partnership with IPC. Colo 2.0 provides JSE
customers with leading edge innovative hosting and connectivity
solutions, accessing on-demand private cloud computing and low
latency analytics.
Under the extended contract,
the service will also be available at the JSE's Teraco data centre,
specifically to meet the needs of large banks' regulatory
requirements for dual location disaster recovery.
This expansion follows the
successful launch of the JSE Colo 2.0 in September 2023, and a
significant contract extension in March 2024 to meet stronger than
anticipated customer demand.
Tebalo Tsoaeli, Chief Innovation Officer at the
JSE, commented: "Since the launch of Colo 2.0 in September
2023, JSE has seen significant adoption of the Colo 2.0 service by
customers, demonstrating a clear demand for the product offering.
This has resulted in additional demand for a secondary solution
aimed at addressing the redundancy and Disaster Recovery
requirements of existing customers. Through our partnership with
Beeks and IPC, JSE seeks to power a truly cloud-based marketplace
infrastructure that is modern, hyper-scalable, ultra-resilient,
highly performant, and accessible to all market participants."
Gordon McArthur, CEO at Beeks,
commented: "We are delighted
to announce this further expansion with the JSE to meet the growing
demand for the Colo 2.0 service from the JSE's customers. Exchange
Cloud continues to be a unique offering in the market, and the
success of the solution at the JSE is supporting our discussions
with other global exchanges, underpinning our confidence in
continued momentum."
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
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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
