Beeks Financial Cloud Group, a cloud computing and connectivity provider for financial markets, has announced two further notable contract wins.
As with the contracts announced last week, revenue from both contracts is expected to begin in the second half of next year, further underpinning the board’s FY26 expectations.
A contract with a South African bank has an initial aggregate value of c.£1.9 million over five years with the potential for further expansion. Further to the extension announced on 3 December, Beeks has signed a £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 Renfrewshire-based Beeks, said: “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.”
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