Business
Trading Update and first Exchange Cloud customer
Trading Update and first Exchange Cloud customer.
About this update from Beeks Financial Cloud Group Plc
[{"type":"text","content":"\n \n \n \n Beeks Financial Cloud Group plc\n \n \n \n (\"Beeks\" or the \"Company\")\n \n \n \n \n \n \n Trading Update\n \n \n \n \n ICE Global Network named as first Exchange Cloud customer\n \n \n \n \n \n \n GLASGOW --- 12 September 2022 --- Beeks Financial Cloud Group plc (LSE: BKS), a cloud computing and connectivity provider for financial markets, is pleased to provide an update on trading for the year ended 30 June 2022 and confirm that the first customer for its newly launched Exchange Cloud offering is ICE Global Network (IGN) part of ICE Data Services, a division of Intercontinental Exchange (NYSE: ICE), the world's largest exchange group and owner of the New York Stock Exchange.\n \n \n \n \n \n Trading Update\n Beeks has delivered a record trading performance in the year, delivering growth on the prior year and in line with upwardly revised market expectations.\n \n \n The Group has exited the year with Annualised Committed Monthly Recurring Revenue of over £19.3m, growth of 40% on the prior year, providing a strong basis for further growth in FY23.\n \n \n The Group expects to release its audited final results for the 12 months ended 30 June 2022 in early October.\n \n \n \n \n \n ICE Global Network Inc named as first Exchange Cloud customer\n \n \n \n \n \n Following the announcement on 13 June 2022 of the launch and first customer for Exchange Cloud, Beeks can now confirm the customer is ICE Global Network. ICE Global Network (\"IGN\") has signed a multi-year deal with a period of exclusivity, with the collaboration enabling the customer to provide their client base with compute and analytics, on demand.\n \n \n \n \n \n Exchange Cloud is a multi-home, fully configured and pre-installed physical trading environment that has been fully optimised for global Exchanges to offer cloud solutions to their end users.\n The successful collaboration between ICE Global Network and Beeks Group's Exchange Cloud provides a pre-integrated market-leading solution with security at the forefront.\n \n \n \n \n \n IGN can now deliver additional value to their clients with Beeks Group's Exchange Cloud infrastructure, compute and analytics offering private cloud services at their NY4 data centre in Secaucus, New Jersey with plans to further expand the service in IGN data centres around...