Beeks Financial Cloud Group plc announced that the Johannesburg Stock Exchange (JSE) has signed a significant contract extension for the provision of Beeks' Exchange Cloud. Following the successful launch of the JSE Colo 2.0 in September 2023, the exchange has signed a significant contract extension to meet stronger than anticipated customer demand for the solution and a significant pipeline. As a result, revenue expectations from the initial term of the contract have materially increased, further supporting the recently upwards revised Board expectations for fiscal year 2025.

JSE is also exploring a second site from Beeks, for back up and disaster recovery capability and potential use of Proximity Cloud, highlighting the land and expand capability within Tier 1 clients. Colo 2.0 is an advanced managed infrastructure as a service based on the Beeks Exchange Cloud offering, in partnership with IPC. Colo 2.0 provides JSE customers with leading edge innovative hosting and connectivity solutions, accessing on-demand private cloud computing and low latency analytics.