Beeks Financial Cloud Group (AIM:BKS) has secured three contracts across Analytics, Proximity Cloud and Private Cloud with a combined total contract value of c.£1.7m from an existing global financial services customer, a new global technology customer and a longstanding strategic partner.
The deals comprise a 34‑month Analytics and Market Edge Intelligence® software contract for deployment in London worth c.£0.5m, a three‑year Proximity Cloud agreement with a new global technology customer worth c.£0.6m, and a further three‑year Private Cloud contract with a strategic partner valued at c.$0.8m (c.£0.6m), and Beeks Financial Cloud Group is a cloud computing and connectivity provider for financial markets.
"We are particularly encouraged by the early adoption of Market Edge Intelligence® following its launch earlier this year," said Gordon McArthur, CEO.
Revenue recognition from the Analytics and Proximity Cloud contracts is expected to commence this month and will support the Board's expectations for the current financial year, while revenue from the Private Cloud contract is expected to commence in FY27.
The Analytics win is the second deployment of Market Edge Intelligence® and all three contracts include opportunities for further expansion across the Group's product lines.
