The Beeks Financial Cloud Group PLC (LON: BKS), a cloud computing provider and connectivity for financial markets, announced today that it has secured more than $ 7 million new private cloud contracts in August.
The Private Cloud is a safe, high performance, low -latent cloud computing platform built for a single organization that resides in the customer’s data center or a data center of their choice. Unlike the public cloud, where resources are shared with many tenants, a private cloud is exclusively designed and operates for a single customer.
These latest wins cover multiple financial institutions in different geographical areas, with revenue recognition starting the current financial year, further supporting the expectations of the Board of Directors. The strong negotiation in August follows the previous announcement of a record cloud in June, underlining the continuing dynamics of the Beeks Convention.
Gordon McArthur, CEO of Beeks, commented:
“Demand for our bids continues to be built as financial institutions are increasingly recognizing the need for high -performance safe infrastructure. These wins add significant Contracting revenue for this year and enhance our confidence in continued growth prospects.”