Beeks Financial Cloud has secured a five-year Proximity Cloud contract worth £2.1m with a large foreign exchange broker, according to a statement released on Tuesday.
The deal sees an existing Private Cloud customer, which Beeks has served since September 2025, upgrade to Beeks’ higher-spec Proximity Cloud offering, providing a dedicated, client-owned trading environment across multiple locations.
Revenue recognition is expected to begin in the current financial year.
Gordon McArthur, CEO of Beeks, said: “This latest win highlights both the strength of our offering and the significant expansion potential across our growing customer base of major financial institutions. We continue to see strong momentum across the business and remain focused on converting our considerable and growing pipeline.”
Beek recently announced annualised committed monthly recurring revenue of £32.80m, up 15% over the past year as the company shifts its focus to recurring revenues.