Beeks Financial Cloud Group PLC Beeks' Exchange Cloud now live with Nasdaq

RNS Number : 1885U

Beeks Financial Cloud Group PLC

22 January 2025

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Beeks' Exchange Cloud now live with Nasdaq

Nasdaq confirmed as Exchange Cloud customer, with offering now live within its core data centre

22 January 2025 --- Beeks Financial Cloud Group plc (LSE: BKS), a cloud computing and connectivity provider for financial markets, is delighted to confirm that the major Exchange Cloud Customer announced on 6 February 2024 is the Nasdaq Stock Market (Nasdaq), a global technology company serving capital markets and other industries. The service is now live, with customers expected to be on-boarded at the end of February.

Beeks enables the world's major exchanges to become the cloud for their end users. The agreement enables Nasdaq to offer access to cloud infrastructure and analytics to its thousands of members. Utilising Beeks' existing inventory, Exchange Cloud will initially be deployed in Nasdaq's core data centre in Carteret NY11, New Jersey, with the potential for further expansion. Consequently, this material multi-year contract has scope to grow, further supporting the Group's growth aspirations, as well as underpinning the Board's FY25 expectations.

Gordon McArthur, CEO at Beeks, commented: "We are delighted to name Nasdaq, one of the world's leading exchanges, as an Exchange Cloud customer, endorsing the power, scale and capability of the product.

Exchange Cloud represents a significant opportunity for Beeks, as the end-user compute market within exchange data centres is considerable. We remain focused on the conversion of our substantial pipeline of opportunities, with advanced discussions taking place with other major Exchanges across the globe."

 

For further information please contact:

 

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma
Fraser McDonald, CFO
Canaccord Genuity	[phone]
Adam James / George Grainger
Alma Strategic Communications	[phone]
Caroline Forde / Joe Pederzolli / Emma Thompson

 

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities. www.nasdaq.com

About Beeks:

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year. Beeks Group now employs over 100 team members across the globe with the majority based at our Renfrew HQ.

Find out more at beeksgroup.com

 

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