3rd Dec 2025 16:15
(Alliance News) - Beeks Financial Cloud Group PLC on Wednesday said it has inked two "notable contracts", with the company optimistic on business momentum.
The Glasgow-based cloud computing and connectivity provider for financial markets said it has signed a three-year private cloud deal with an unnamed "major" Canadian bank.
The total value of this contract is USD1.5 million.
The company said it has also inked a further GBP2 million Proximity Cloud extension to a recently won contract with a "large FX broker", with this bringing the total contract to GBP4 million over five years.
Beeks Financial expects revenue from these contracts to begin in the second half of financial 2026.
Shares in the company were up 3.6% at 225.33 pence on Wednesday afternoon in London.
"As described at the time of our final results, we have a wide range of opportunities progressing through our sales pipeline across the breadth of our product offering, demonstrating the growing appetite for our cloud computing and connectivity solutions across the global financial markets," said Chief Executive Gordon McArthur.
"With the proof of concept for our newest offering, Market Edge Intelligence, progressing to plan, opening up a significant additional market for the group, and Exchange Cloud contracts with major exchanges approaching completion, we remain confident in continued momentum across our business."
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Beeks Financial Cloud