LONDON (ShareCast) - (Sharecast News) - Financial markets cloud computing and connectivity provider Beeks Financial Cloud Group announced the signing of two additional "substantial" tier one clients on Tuesday - a global investment management organisation, and a global bank, both of which were unnamed by the company.
The AIM-traded firm said it would provide the global investment management organisation with managed connectivity to support its fixed income platform.

It said its low-latency capabilities and "strong" network of pre-built connections meant it could supply a fully-managed setup for the client's operational requirements.

The contract would be worth around £0.5m over the initial two-year period.

Beeks said the global bank had contracted it via a partner for the delivery of an initial proof-of-concept for a fixed income implementation.

It explained that the proof-of-concept was revenue generating, and was currently live with the bank.

It was anticipated to be a precursor to an "extensive deployment" with the client.

The board said the wins built on the announcement of its first tier one customer in December, from within the insurance sector, and added to its growing portfolio in the fixed income asset class.

"We are pleased to announce a strong second half and successful outcome to the year, in which we delivered continued revenue and profit growth, while expanding our offering," said chief executive officer Gordon McArthur.

"Beeks Financial Cloud is growing the services we can provide and therefore the variety of customers we can serve, as reflected by these exciting tier one client wins."

McArthur said the company was seeing growing interest from financial services organisations in managed cloud computing and connectivity.

"The resilience and scalability of our network, combined with our specialist financial services expertise, means we are increasingly well positioned to benefit from the growth of this market and we look to the future with confidence."

Looking at its current trading, Beeks also told investors that it remained in line with expectations for the year ended 30 June.

It said it would release its final results in late August.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE