Beeks financial results FY 2022: Twelfth year of continued

This year saw a revenue increase of 57%, up from 2021 to £18.29 million.

Gordon McArthur, CEO of Beeks Group, commented:

"Beeks is now recognised as an established technology provider to financial markets, with a track record and compelling reference clients, providing us with a strong foundation to drive our business forward."

2022 operational highlights include the launch of Exchange Cloud in June, designed for global financial exchanges and electronic communication networks (ECNs) and the ongoing success of Proximity Cloud, launched in August 2021. Beeks Group was allocated an oversubscribed fundraising of approximately £15 million, with funds allocated towards continued exploitation of considerable market opportunity of the Private Cloud, Proximity Cloud and Exchange Cloud offerings.

A leading cloud-native payments technology provider, appointed Beeks to underpin it's technology platform, with subsequent expansion of the contract. Alongside this, Beeks has expanded it's Asia-Pacific presence with access to the Australian Securities Exchange (ASX) offering colocation services into the Australian Liquidity Centre (ALC).

Beeks physical presence has continued to prosper with the move to a new HQ in February, an increased headcount to 89 and a further expansion of data centre geographies with additional operations now in Switzerland and Amsterdam.

Gordon continued, "The majority of financial services organisations around the world are exploring how to utilise the power of the cloud to support their ambitions. This presents us with a considerable opportunity and through our Private Cloud, Proximity Cloud and Exchange Cloud, we have the offering to address it.

We will continue to invest into the development of our offering and increased sales and marketing activities to capitalise on our early successes in this significant market. We have a considerable and growing pipeline and look to the future with confidence."

Together with the signing of a multi-year contract with ICE Global Network (IGN) and current discussions with a number of global major Exchanges across the globe, including additional proof of concept implementations, we look forward to another successful financial year ahead!