Beeks Group, a prominent cloud computing and connectivity provider for financial markets, has announced a significant expansion of its partnership with the Johannesburg Stock Exchange (JSE) and IPC Systems. This extension entails deploying Beeks’ Exchange Cloud service at the JSE’s Teraco data center, enhancing the exchange’s Colo 2.0 offering with improved dual-location disaster recovery capabilities.
JSE’s Colo 2.0, an advanced managed infrastructure service powered by Beeks’ Exchange Cloud in collaboration with IPC, offers customers innovative hosting and connectivity solutions, enabling access to private cloud computing and low-latency analytics on demand. By integrating at Teraco, Colo 2.0 not only reinforces redundancy to meet regulatory demands but also showcases operational agility brought by Beeks’ solutions and industry partnerships to market infrastructure.
This expansion underscores Beeks’ Exchange Cloud’s agility and scalability, along with IPC’s fully hosted IaaS data center solutions, enabling the JSE to swiftly respond to market and regulatory needs. By expanding operations to include a secondary data center, the JSE ensures its infrastructure remains robust, resilient, and adaptable to evolving customer requirements.
Building on the successful launch of Colo 2.0 in September 2023 and a subsequent contract extension in March 2024 due to high demand from the financial sector, this partnership demonstrates the strong uptake of the service since its inception. Tebalo Tsoaeli, Chief Innovation Officer at JSE, emphasized the clear demand for Colo 2.0, leading to the need for a secondary solution addressing redundancy and disaster recovery requirements.
Gordon McArthur, CEO of Beeks, expressed enthusiasm about the expanded partnership with JSE, highlighting the growing demand for the Colo 2.0 service from JSE’s customers. This collaboration reflects the industry trend towards cloud-based solutions in financial markets, especially in regions like Africa where digital infrastructure is rapidly evolving.
As financial markets prioritize security, scalability, and performance, Beeks remains at the forefront of delivering solutions that address critical needs, positioning itself as a key player in the future of financial market infrastructure. The partnership with JSE and IPC exemplifies the power of cloud-based solutions, enabling the JSE to swiftly adapt to market changes, ensuring high performance and resilience.
This collaboration underscores Beeks’ role as a thought leader, delivering innovative technology solutions that shape the future of financial market infrastructure. By leveraging Beeks’ and IPC’s solutions, the JSE can navigate evolving market conditions, ensuring continuous high performance and resilience to meet the demands of the financial sector.
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