Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Signs deal with the Johannesburg Stock Exchange to power customer private cloud deployments. Says the collaboration will see the deployment of an ‘advanced managed Infrastructure-as-a-Service solution for the JSE’, called Colo 2.0, which the exchange will be able to offer direct to their own customers. Adds that the project will be delivered from Beeks’ existing stock supplies and will have no requirement for cash investment to fulfil the contract.
Beeks Chief Executive Officer Gordon McArthur says: ‘Africa is fast emerging as an influential global player and this is a huge opportunity for Beeks, IPC and the JSE to help drive capital markets innovation and development in Africa. By reducing CapEx spend and operational barriers to entry, our flexible solution allows the JSE to offer a branded cloud service in their own facility, and control that infrastructure easily at scale, turning a cost centre into a profit centre. Beeks Group’s Exchange Cloud offering derived from an identified demand from global exchanges for a secure muti-client private cloud environment and we are delighted to share that vision with the JSE and look forward to establishing a long-term and successful relationship.’
Current stock price: 116.06 pence each, up 0.1% on Monday afternoon in London
12-month change: down 24%
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