Beeks Financial Cloud Group has won two significant contracts worth a combined £3.4m, which will maintain the company’s sales momentum into the second half of its financial year.
The cloud computing and connectivity provider has signed a three-year Private Cloud contract with a major Canadian bank valued at $1.5m. It has also secured a £2m extension of its Proximity Cloud with a large FX broker. This takes the total value of that particular contract to £4m over five years.
Revenue from both agreements is expected to begin in the second half of FY26 and build on an encouraging start to the year.
“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 Gordon McArthur, CEO at Beeks.
“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.”
Beeks recently announced 26% revenue growth in the year to 30 June 2025.