Beeks Financial Cloud grows portfolio of datacentre locations

Maria Nikolova

Beeks is deploying in the NY5 New York datacentre of Equinix.

Cloud computing and connectivity provider for financial markets Beeks Financial Cloud Group PLC (LON:BKS) today announces that it is growing its portfolio of datacentre locations by deploying in the NY5 New York datacentre of global interconnection and data centre provider Equinix. On top of this, Beeks has extended its current rackspace in Equinix’s LD4 datacentre in London by taking a third cage.

With presence in a total of eleven datacentres currently, this move enables Beeks to continue to increase its offering to customers, supplying the opportunity for further connectivity options to financial exchanges from the new location.

It also allows the company to scale its current Equinix footprint by expansion into these particular datacentres, with Beeks running at nearly 200kva of capacity within Equinix sites. The Beeks Cloud will now operate within ten Equinix datacentres globally, providing ultra-low latency hosting and connectivity within and between these sites.

Russell Poole, Equinix’s Managing Director for the UK and The Nordics, commented, “Beeks Financial Cloud is a key player in our financial services (FS) ecosystem, and it’s great to have them doubling their footprint in two of our leading FS markets – London and New York. By expanding in both LD4 and NY5, Beeks can offer its customers latency in the region of 30 milliseconds between the two cities – a crucial advantage in the trading world.”

Gordon McArthur, CEO of Beeks Financial Cloud, commented, “We are delighted to strengthen our partnership with Equinix by expanding in these sites. The London LD4 datacentre has always proven a popular location for our customers and it is satisfying to be able to continue to meet this demand by adding our third cage. An additional New York site will bring further hosting and connectivity options to our clients.”

In the meantime, Beeks continues to expand its business portfolio. Earlier in May, Beeks announced the acquisition of the assets of Commercial Network Services (CNS), a US-based online services provider, for a total consideration of up to $1.4 million.

Under the terms of the deal, $1.3 million will be settled in cash on completion, with $0.1 million held as retention subject to satisfactory completion of warranties. The initial consideration and the contingent consideration will be financed out of Beeks’s existing cash balance and banking facilities.

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