Beeks Financial Cloud Group has secured two new contracts the company says support its expectations for the 2026 financial year.
The company signed a three-year Private Cloud agreement with a major Canadian bank valued at $1.5m.
It also secured a £2m ($2.7m) extension to a recently won Proximity Cloud contract with a large FX broker, bringing that contract’s total value to £4m ($5.3m) over five years.
Beeks expects revenue from both agreements to begin in the second half of FY26.
Beeks’ Private Cloud platform is designed for single-client use and can be deployed within a customer’s own data center or a data center of their choosing.
The company’s Proximity Cloud offering provides a trading environment optimized for low-latency conditions and built with security and compliance features, hosted in global locations selected by customers.
Gordon McArthur, CEO of Beeks, said: “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.
“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.”
In August, Beeks, launched Market Edge Intelligence, which it billed the world’s first AI/Machine Learning solution for passive monitoring of capital markets data directly at the network edge.
