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.

Beeks Strengthens Technical Expertise with Former Nasdaq Specialist

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.