Beeks, a provider
of financial technology infrastructure, has announced the appointment of Zech
Kottilil as their new Technical Pre-Sales Specialist. With over 15 years of
experience from industry giants like Nasdaq and Amazon Web Services (AWS), Kottilil
brings a wealth of knowledge and expertise to the Beeks team.
In his new
role, Kottilil will serve as a critical link between Beeks’ technical teams and
their clients. His understanding of the financial industry’s technological
needs will help streamline the sales process and enhance support for both
current and prospective customers.
“Joining
Beeks feels like stepping onto the leading edge of financial services digital
transformation,” Kottilil said. “I am eager to contribute to this
journey, guiding both current and future clients through the evolving landscape
of financial technology.”
The CEO, Gordon
McArthur said that appointing Kottilil is a “milestone” for Beeks. “His
profound knowledge and experience with cloud technologies will be instrumental
as we continue to expand our services and solutions, ensuring our clients
receive nothing but the best.”
Kottilil’s
previous roles at Nasdaq and AWS have seen him successfully integrate cloud
technology to elevate trading infrastructures. His vision for merging
technology with finance aligns with Beeks’ mission to deliver solutions for the
low-latency capital markets and financial services sector.
Thrilled to welcome Zech Kottilil as our Technical Pre-Sales Specialist! https://t.co/hBsoBVYTMC
With 15+ years in #cloud tech and #financialmarkets, his expertise will elevate our #fintech solutions. Excited for the insight and contribution Zech will bring! #poweredbybeeks pic.twitter.com/ZNfjZ8M3vX
— Beeks Group (@BeeksGroup) March 20, 2024
Beeks Turns Profits for H1
FY24
Kottilil’s appointment was announced shortly after the company reported revenue of £12.96 million for the first half of the fiscal year 2024,
marking an increase of 25% on a yearly basis. Pre-tax profits surged 113% to £1.38
million, with statutory profits also jumping 121% to £0.16 million.
“Financial
markets are still only at the start of the journey to the cloud,” McArthur said.
This robust
growth in revenue and profit follows a year in which the company faced an
operating loss of £331,000 in the fiscal year 2023, even as its revenue rose 22%.
Earlier in
February, the company’s stock saw an uptick of 40% following multiple
announcements about securing new clients. Beeks entered into a substantial expansion deal worth several million dollars over multiple years to enhance the infrastructure services provided to an existing Tier 1 investment manager through its Proximity Cloud solution. This agreement significantly increases
the initial contract’s value with this customer to $3.6 million across four
years.
Beeks also highlighted the considerable growth opportunities with this
client, noting that only 30% of the customer’s trading infrastructure has
transitioned to Proximity Cloud so far.
Beeks, a provider
of financial technology infrastructure, has announced the appointment of Zech
Kottilil as their new Technical Pre-Sales Specialist. With over 15 years of
experience from industry giants like Nasdaq and Amazon Web Services (AWS), Kottilil
brings a wealth of knowledge and expertise to the Beeks team.
In his new
role, Kottilil will serve as a critical link between Beeks’ technical teams and
their clients. His understanding of the financial industry’s technological
needs will help streamline the sales process and enhance support for both
current and prospective customers.
“Joining
Beeks feels like stepping onto the leading edge of financial services digital
transformation,” Kottilil said. “I am eager to contribute to this
journey, guiding both current and future clients through the evolving landscape
of financial technology.”
The CEO, Gordon
McArthur said that appointing Kottilil is a “milestone” for Beeks. “His
profound knowledge and experience with cloud technologies will be instrumental
as we continue to expand our services and solutions, ensuring our clients
receive nothing but the best.”
Kottilil’s
previous roles at Nasdaq and AWS have seen him successfully integrate cloud
technology to elevate trading infrastructures. His vision for merging
technology with finance aligns with Beeks’ mission to deliver solutions for the
low-latency capital markets and financial services sector.
Thrilled to welcome Zech Kottilil as our Technical Pre-Sales Specialist! https://t.co/hBsoBVYTMC
With 15+ years in #cloud tech and #financialmarkets, his expertise will elevate our #fintech solutions. Excited for the insight and contribution Zech will bring! #poweredbybeeks pic.twitter.com/ZNfjZ8M3vX
— Beeks Group (@BeeksGroup) March 20, 2024
Beeks Turns Profits for H1
FY24
Kottilil’s appointment was announced shortly after the company reported revenue of £12.96 million for the first half of the fiscal year 2024,
marking an increase of 25% on a yearly basis. Pre-tax profits surged 113% to £1.38
million, with statutory profits also jumping 121% to £0.16 million.
“Financial
markets are still only at the start of the journey to the cloud,” McArthur said.
This robust
growth in revenue and profit follows a year in which the company faced an
operating loss of £331,000 in the fiscal year 2023, even as its revenue rose 22%.
Earlier in
February, the company’s stock saw an uptick of 40% following multiple
announcements about securing new clients. Beeks entered into a substantial expansion deal worth several million dollars over multiple years to enhance the infrastructure services provided to an existing Tier 1 investment manager through its Proximity Cloud solution. This agreement significantly increases
the initial contract’s value with this customer to $3.6 million across four
years.
Beeks also highlighted the considerable growth opportunities with this
client, noting that only 30% of the customer’s trading infrastructure has
transitioned to Proximity Cloud so far.
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- Source: https://www.financemagnates.com//executives/beeks-appoints-nasdaq-veteran-with-15-years-of-experience/
