Beeks Financial Cloud Group has acquired network monitoring and analytics firm Velocimetrics.

The purchase of Velocemetrics expands the Beeks' product offering into network automation and trading analytics, increasing security and monitoring capabilities by allowing customers to detect performance, operational risk or regulatory concerns.

"While the Group is focused on organic growth, we continue to assess strategic acquisitions that will complement our business model and expand our offering," said Gordon McArthur, CEO of Beeks Financial Cloud. "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."

Founded in 2009, 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.

"Our market-leading analytics will form part of the Beeks offering and this partnership will provide the combined know-how and platform to develop this strategy further," said Steve Colwill, CEO of Velocimetrics. "I’m very much looking forward to our teams working closely together."