DDoS Security

Beeks Launches Anti-DDoS Security

DDoS SecurityBeeks Financial Cloud has launched a new feature of enhanced DDoS protection with real-time alerts and monitoring via our Partner Portal, which alerts clients in the case they are facing a DDoS attack and shows it is being mitigated by Beeks.

Once clients set up the custom anti-DDoS security packages on their servers, they will be able to receive DDoS attack notifications and will also be able to view their network traffic on their Portal, showing real-time legitimate traffic and highlighting any attack on the server.

The new feature aims to ensure client infrastructure is protected by the anti-DDoS security, to reduce the likelihood of any outage or financial loss from attack.

Beeks CEO, Gordon McArthur, commented: “Security is vital in the financial services technology sector, and often clients aren’t aware of the options available to them to best protect their infrastructure. At Beeks, this is a priority for us and we seek to offer the highest level of security to our clients in order to safeguard against any potential attack.”

Beeks has most recently signed millionaire deals for cloud infrastructure and open banking and for the financial markets with two contracts: a $1 million annualized deal with a global financial markets technology provider and a £1.1 million contract over three years with a cloud-based payments solution provider.

The £1.1 million deal with the open banking and payment solutions provider is the first win for Beeks in the growing Open Banking and Payment sector and implementation is due to be completed in the first half of the calendar year 2020. New regulations, such as the second Payment Services Directive (PSD2) and the Open Banking reforms, are driving a shift towards new Open Banking and Payment offerings within Financial Services and the growing adoption of cloud computing to deliver them.

In 2019, Beeks acquired the assets of Commercial Network Services (CNS), a US-based online service provider specialized in hosting low latency algorithmic trading systems, virtual private networks, and streaming media from data centers, with approximately 1,000 retail traders across multiple geographies, bringing an annualized recurring revenue of approximately $1.0 million.

The deal, for a total consideration of up to $1.4 million, is in line with th growth strategy drawn ever since the 2017 IPO, combining organical growth with tactical and strategic acquisitions. At the time, Beeks was valued at £24.5 million as it aimed to raise £7 million from several institutional investors such as Hargreave Hale, Octopus, and Livingbridge.