Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for international financial markets, announced that it has secured two “notable” contracts “further underpinning the board’s FY26 expectations, following the strong start to the financial year.”

Beeks said it has signed a three-year Private Cloud contract with a major Canadian bank, with a total contract value of $1.5 million. Beeks said it has also signed an additional £2 million Proximity Cloud extension to a contract recently won with a large FX broker, taking the total contract to £4 million over five years.

Revenue from the two contracts is expected to commence in H2 FY26.

Beeks CEO Gordon McArthur said: “As described at the time of our Final Results, we have a wide range of opportunities progressing through our sales pipeline across the breadth of our product offering, demonstrating the growing appetite for our cloud computing and connectivity solutions across the global financial markets.

“With the proof of concept for our newest offering, Market Edge Intelligence, progressing to plan, opening up a significant additional market for the Group, and Exchange Cloud contracts with major exchanges approaching completion, we remain confident in continued momentum across our business.”