Beeks Financial Cloud Group (AIM:BKS), a cloud computing and connectivity provider for financial markets, has secured a five-year software contract worth $3 million with a leading North American exchange operator to deploy Beeks Analytics and Market Edge Intelligence in New York, taking June contract wins to approx. $10 million total contract value.
Revenue recognition is expected to commence immediately. The deal expands the customer's existing deployment, and it is the third Market Edge Intelligence® contract secured within months of the product's launch, reinforcing the solution's cross-sell potential and contribution to Beeks' contracted recurring revenue base.
"We are delighted to have secured our third Market Edge Intelligence® contract within months of launch, providing strong validation of the power of the offering," Gordon McArthur, CEO of Beeks, said.
Beeks said the pipeline across all offerings remains strong, providing a long runway of growth ahead.
