Beeks Financial Cloud Group opens fourth data centre in London, new sites in Singapore & Paris

Beeks Financial Cloud Group opens fourth data centre in London, new sites in Singapore & Paris
Beeks Financial Cloud Group opens fourth data centre in London, new sites in Singapore & Paris

Beeks Financial Cloud Group, a UK-based infrastructure as a service (IAAS) provider for low latency financial markets, has announced its fourth data centre in London, as well as new sites in Singapore and Paris. This brings the company’s total global footprint to 15 data centres. 

While Beeks isn’t building its own dedicated data centre, it is taking space in Equinix sites in the three cities. The specific data centres where Beeks is taking space include Equinix LD8 in London, Equinix SG1 in Singapore and Equinix PA3 in Paris. 

As Beeks serves financial clients, the company is strategic when it comes to its data centre rollout. It’s targeting international financial centres, of which London is a leading player. In fact, the company explicitly commented that growth in client demand in these locations has forced it to expand, and that’s despite concerns surrounding Brexit. 

Brexit may have had a role to play in Beeks’ expansion to Paris, however, as the Equinix PA3 data centre will be the first located in France. Many financial institutions have announced that they’re beefing up their Paris and Frankfurt teams in anticipation for Brexit, and now Beeks is ensuring that it follows suit. 

The addition of these three new locations, and an increase in capacity at existing sites, means Beeks has increased its data centre capacity by approximately 45% in the last nine months. That gives traders a lot more room to grow on the platform.

Gordon McArthur, CEO, commented, “We are pleased to announce the launch of these new locations, chosen as they have proved to be desirable to our clients and partners. One of our goals at IPO was for significant geographical expansion, and I am delighted that we can deliver this advantage to our customers, having grown from nine to fifteen locations since that time. By continuing to increase our global presence, we open up greater hosting and connectivity opportunities for our growing number of clients.”