Beeks Financial shares ICE Global Network name as client


Shares of Beeks Financial Cloud Group PLC rose on Monday by naming ICE Global Network as its first Exchange Cloud customer.

Shares of the Glasgow-based cloud computing and connectivity provider rose 9.8% to 157.00 pence each in London on Monday morning.

Beeks said that in its fiscal year to June 30, it delivered “record” business performance, in line with revised market expectations.

The company added that it ended the year with annualized committed monthly recurring revenue of over £19.3m, up 40% on the previous year.

It plans to publish its final results for the 2022 financial year in early October.

Additionally, Beeks named ICE Global Network as its first customer for Exchange Cloud. ICE Global Network is part of ICE Data Services, a division of Intercontinental Exchange Inc, the operator of the New York Stock Exchange.

“Exchange Cloud is a fully configured, pre-installed, multi-home physical trading environment that has been fully optimized for global exchanges to deliver cloud solutions to their end users,” the company explained.

In June, Beeks said an unnamed major stock exchange was under contract to roll out Exchange Cloud later this year.

This is a multi-year agreement with a period of exclusivity, the collaboration allowing the client to provide its customers with calculations and analyzes on demand.

“IGN can now deliver additional value to its customers with the Exchange Cloud, Compute and Analytics infrastructure from Beeks Group offering private cloud services in their NY4 data center in Secaucus, New Jersey, with plans to further expand the service in IGN data centers around the world,” he added.

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