Beeks Financial Cloud enters into partnership with IPC Systems

Sourced from: https://financefeeds.com/beeks-financial-cloud-enters-partnership-ipc-systems/

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The article Beeks Financial Cloud goes into partnership with IPC Systems appeared on FinanceFeeds.
Gordon McArthur, Beeks Financial Cloud CEO, commented:

IPC will act as the vendor for Beeks’ global WAN infrastructure, while Beeks will be the cloud vendor for IPC’s Connexus Infrastructure Services, providing infrastructure for IPC’s Connexus Cloud customers. The partnership is defined to offer a special opportunity for customers to gain from IPC’s economy leading Beeks and network ecosystem ’ cloud that is leading.

Cloud processing and computing supplier for financial markets Beeks Financial Cloud Group PLC (LON:BKS) now announces a partnership using IPC Systems, Inc. (IPC), a global provider for the financial markets neighborhood, delivering secureand compliant communications and media solutions.
In May this year,” Beeks said that it had been expanding its portfolio of datacentre places  by deploying at the NY5 New York datacentre of global interconnection and information center provider Equinix. By taking a cage, on top of that, Beeks has extended its present rackspace at Equinix’s LD4 datacentre in London. This movement enabled Beeks supplying trades with the chance for connectivity choices from the location, with presence at a total of twenty five datacentres currently.

In providing solutions “ Our venture with IPC for a strategic exchange of services highlights our offering. This cooperation will consequently bring a more effective service offering to customers, using a range of capacities and seems to bring advantages. ”

Beeks Financial Cloud acquires Commercial Network Services for $1.4m

Sourced from: https://financefeeds.com/beeks-financial-cloud-acquires-commercial-network-services-for-1-4m/

Reported profit before tax rose to #0.34 million (H1 2018: loss #0.11m) as a consequence of increased sales and improved margins as well as no exceptional costs during the interval.
The article Beeks Financial Cloud Makes Commercial Network Services for 1.4m appeared on FinanceFeeds.
The acquisition is based on Beeks’s strategy to expand both organically and via acquisitions.

Under the conditions of the price, $1.3 million will be settled in cash on completion, together with $0.1 million held as retention subject to satisfactory conclusion of warranties. The consideration and also the contingent account will be funded out of Beeks’s cash balance and centers.

Cloud processing and computing supplier for fiscal markets Beeks Financial Cloud Group PLC (LON:BKS) has previously today announced the acquisition of the resources of domestic Network Services (CNS), a reputed on-line service supplier, for a complete consideration of around $1.4 million.

Let’s remember that Beeks has published a set of robust metrics for the first half FY 2019, which will be for the six months to end-December 2018.

FinanceFeeds –
Gross profit earned increased 43 percent to #1.7 million (H1 2018: #1.20m) and also the Group saw an increase in gross earnings from 47 percent to 49% because of the last investments earned capacity now becoming revenue earning.

The deal is anticipated to provide cost synergies and is set to bring additional clients and datacentre locations to Beeks ’ retail offering. It is likewise expected to be earnings enhancing within the first year of Beeks’ ownership.
CNS specialises in streaming media and hosting virtual private networks, low latency algorithmic trading strategies. CNS has annualised recurring revenue of approximately $1 million and delivered a profit before tax of $0.17 million in the year to end-December 2018.