Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced a further significant customer win.

Beeks has achieved preferred cloud computing and connectivity vendor status for one of the world’s largest banking groups, in a competitive pitch process. The onboarding process is underway and revenue from the win, which has the ability for further expansion, is expected to commence in H1 FY25, with an aggregate value of approximately £5 million over five years, supporting recently upgraded Board expectations.

Gordon McArthur, CEO at Beeks, commented:

“We continue to experience strong momentum across our offerings, typified by this latest Proximity Cloud win with a significant new customer, one of the world’s largest banking groups. We remain focused on the continued execution of our land and expand strategy, and we are well-placed to benefit as the global financial markets continues its transition to the cloud.”