Two contracts for cloud firm
Beeks poised for growth after securing million dollar deal
Gordon McArthur: significant growth opportunity
Beeks Financial Cloud Group, the Glasgow-based cloud computing provider for financial markets, has secured its first $1 million annualised contract – one of two seven-figure deals.
The first is a SasS-based contract with a global financial markets technology provider, and the second is a £1.1m contract over three years with a cloud-based payments solution provider.
The SaaS contract will start in January and is committed to grow to a run rate of $1 million annually, with the potential for further expansion thereafter.
The second contract is the first win for Beeks in the growing open banking and payments sector.
AIM-quoted Beeks, which recently moved from Linwood to Hillington, will design and supply a private network and fully managed infrastructure environment, enabling the payments provider to expand its secure and resilient end-to-end payments-as-a-Service solution for financial institutions and regulated fintech organisations.