Glasgow-based Beeks Financial Cloud Group, a cloud computing and connectivity provider for financial markets, announced that it secured over $7 million of new Private Cloud contracts in August.

“Private Cloud is a secure, high performance, low latency cloud computing platform built for a single organisation, residing within the client’s data centre or a data centre of their choice,” said Beeks.

“Unlike the public cloud, where resources are shared with multiple tenants, a private cloud is exclusively built and operated for a single client.

“These latest wins span multiple financial institutions across different geographies, with revenue recognition commencing in the current financial year, further underpinning the board’s FY26 expectations.

“Strong trading in August follows the previously announced record Proximity Cloud month in June, highlighting Beeks’ continued contract momentum.”

Beeks Financial Cloud CEO Gordon McArthur said: “Demand for our offerings continues to build as financial institutions increasingly recognise the need for secure, high-performance infrastructure.

“These wins add meaningful contracted revenue for this year and reinforce our confidence in the company’s ongoing growth prospects.”