Page 12 - Beeks Financial Cloud Group Annual Report 2021

10 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Strategic Report – Chief Executive’s Review

Chief Executive’s

Review

The second launch, just after the end The private portal offered to Beeks model, with Beeks now becoming
of the year in August 2021, was of customers has been updated to the foundational managed hosting
our Private cloud offering: Proximity enable customers to more easily infrastructure service provider
Cloud. Throughout the year, we consume Beeks services, with point for IPC’s Connexus Infrastructure
have invested considerable time and click capability it improves the Services, powered by Beeks. This
STRATEGIC REPORT
and resources into its development, user interface for a better end-user enhanced joint offering brings into
alongside our Network Automation experience as well as increasing the market an array of easy to
activities, partly funded through cross-sell opportunities. deploy Beeks solutions.
the support of existing and new
shareholders during the fund raise Partnership Initiatives OPERATIONAL EXPANSION
in April 2021. In November 2020 we launched This was another year of investment
a service collaboration with across The Group, in which we
Beeks Proximity Cloud is our most Singapore Exchange (SGX), Asia’s looked to expand our offering and
comprehensive offering to date, a international, multi-asset exchange, our team in order to strengthen
private cloud offering specifically operating securities, fixed income our position in the rapidly growing
developed for capital market and derivatives markets. This new cloud computing market.
participants and financial institutions. Co-location as a Service (CaaS)
collaboration provides an on-demand Headcount increased to 80 as at 30
Crucially, the system has the virtual or bare metal dedicated June 2021, up from 65 as at 30 June
ability to be deployed in a client infrastructure from the Beeks setup 2020 primarily in revenue generating
site, running on the client’s own within SGX Co-Location Tier-1 rack areas such as sales and marketing
infrastructure and under the care of space, and can be activated within and product development to
their own IT team – a pre-requisite 24 hours, reducing new trading support our growth objectives, which
for many of the world’s largest participant time to market. This included a new Head of Sales in
financial organisations. This new collaboration also allows Beeks to New York who will be responsible for
solution allows customer data to provide direct connectivity from targeting Tier 1 customers.
remain within their own environment, Equinix SG1 into SGX for the first time,
resulting in enhanced security and connecting customers between Considerable progress has been
reduced data sovereignty issues. both locations within the Beeks made with the seven data centres
infrastructure via private dark fibre. that were launched during the prior
Proximity Cloud eliminates some of period: Singapore SG1, London LD8
the risks and a lot of the costs that Our partnership with IPC, a leading and LD4.2, Paris PA1, Sydney, and NY2
come with in-house infrastructure global provider of secure, compliant and NY5 in New York. All locations are
solutions making it a lot easier to get communications and highly secure revenue generating. With operations
value to the customer. cloud solutions for the global now in all of the key trading centres
financial markets, continues to around the world, we see less data
With a $1m multiyear partner strengthen with the launch of an centre expansion moving forward.
signed just four weeks after lauch, enhanced managed infrastructure We continue to invest in the
the offering has the potential to offering. By expanding our strategic
be transformative for The Group’s partnership, IPC continues to Velocimetrics team, operations and
prospects over the medium term. leverage a successful, proven product, as our ability to offer network