Gordon McArthur, CEO of Beeks Financial Cloud

Beeks Financial Cloud said that the acquisition will allow the firm to expand its product offering into network automation and trading analytics. 

Velocimetrics provides real-time network monitoring and trade analytics software to a global client list of financial services businesses, including Tier 1 banks, exchanges, brokers, hedge funds and payments providers to meet the specific monitoring and performance analysis needs within these complex environments.

Velocimetrics innovative technology continuously tracks and assesses the real-time status of every single market data tick, order, trade or payment. Instead of monitoring infrastructure health or IT processes, Velocimetrics focuses on what matters most – the actual payments and trades being processed.

The result is business flow performance tracking and analysis solutions that deliver uncompromised operational oversight. Users are immediately alerted to any changes to the way in which these items are flowing that could indicate emerging performance, financial or operational risk, client experience or regulatory concerns.

This enables firms to increase profitability, manage emerging operational risks and address expanding regulatory demands by tracking and analysing exactly what’s happening to every trade or payment – in real-time.

Gordon McArthur, CEO of Beeks Financial Cloud, said: “While the group is focused on organic growth, we continue to assess strategic acquisitions that will complement our business model and expand our offering. The acquisition of Velocimetrics accelerates our product roadmap, providing us with the ability to offer our clients network monitoring and trade analytics, increasing our competitive differentiation while minimising anticipated product development spend for this functionality.

“We believe the Velocimetrics offering will have wide applicability across our institutional customer base and look forward to welcoming the Velocimetrics team into the group.”