Idea 11 & PieLAB aiming for the cloud

17.12.2020

IFL Ventures acted as corporate advisor to Brisbane based IT consulting company Idea 11 on partnering with Australian based diversified investment group PieLAB Council Capital.

PieLAB has made a significant investment in the full-stack AWS IT company but it is not the capital backing that drove Idea 11’s decision.  “In PieLAB we found not only an alignment of cultures and personalities but a group of individuals with proven track records in growing significant businesses” said James Kahn, founder and CEO of Idea 11.

Specialising in digital transformations, cloud infrastructure, software development and managed services for mid-market corporate and government, Idea 11 is a significant AWS partner in Queensland and has recently expanded into NSW. “For some time, we have been looking at how we take Idea 11 from having a significant presence in Queensland to becoming a significant national provider of mid-market digital transformation services. This partnership will help elevate us to being a national player”.

The PieLAB group, led by Australian entrepreneur turned growth capital investor Chris Rolls, has a history of successfully investing in and growing small-to-medium businesses in Australia. “Idea 11 has all the ingredients we are looking for in our companies. They are exceptionally well led by James Kahn and there is an impressive team around him. They have a stellar reputation with their customers and their vendors and the opportunity ahead, is immense. Cloud computing and the digitisation of corporates is a growing and sustainable space and AWS is the leading provider of cloud computing services in the world. Idea 11 now have the backing and support to expand their geographical footprint with AWS in Australia.” said Chris Rolls, Managing Director, PieLAB Council Capital.

“It is an exciting time to be in managed services and cloud computing. We are now over a decade into our journey at Idea 11 and very much looking forward to the next decade” said James. “This partnership will not change our identity or our commitment to our values of delighting our customers, caring about our people and what we do, and meeting a standard of excellence. This partnership will strengthen our brand and our position in the IT services market in Australia, moving towards our goal of being a national, cloud-first MSP”.

About Idea 11: Idea 11 is a multi-award winning full-stack AWS IT consulting company that specialises in digital transformations, cloud infrastructure, software development and managed services. Idea 11 has placed on the CRN Fast 50 (5x), Deloitte Australia Tech Fast 50 (3x), Australian Financial Review Fast 100 (3x), placed as a finalist in the CRN Impact Awards (2019, 2020) and was AWS Rising Star Partner of the Year in 2017. Idea 11 is an AWS Advanced Consulting Partner with the Migration and DevOps competencies, and a Microsoft Gold Partner.

About PieLAB Council Capital: Founded by an executive team with real small business operating experience, PieLAB is an Australian investment management firm investing in small businesses. PieLAB invest their capital, experience and a strong network into developing great leaders and help them build great businesses.

17.12.2020

Idea 11 & PieLAB aiming for the cloud

IFL Ventures acted as corporate advisor to Brisbane based IT consulting company Idea 11 on partnering with Australian based diversified investment group PieLAB Council Capital. PieLAB has made a significant investment in the full-stack AWS IT company but it is not the capital backing that drove Idea 11’s decision.  “In PieLAB we found not only […]

Read more
17.12.2020

Sector Dashboards December 2020

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
08.12.2020

Ord Minnett investing wisely

InterFinancial would like to congratulate Ord Minnett on its acquisition of E.L. & C. Baillieu. Ord Minnett is Australia’s leading private wealth management firm with over $35 billion of assets under management. E.L &C. Baillieu is a prominent Australian owned wealth management firm, specialising in stockbroking, private wealth management, corporate finance, institutional equities and in […]

Read more
08.12.2020

Austal to set sail with BSE Maritime Solutions

InterFinancial would like to congratulate BSE Maritime Solutions on its sale to Austal Limited (ASX:ASB). BSE Maritime Solutions is a leading ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Brisbane and Cairns. Austal is Australia’s global shipbuilder and defence prime contractor designing, constructing and sustaining some of the […]

Read more
30.11.2020

Sector Dashboards November 2020

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
27.10.2020

Sector Dashboards October 2020

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
27.10.2020

Negotiations – Fast but not so Furious

Fast but not so Furious – Successful communication styles in M&A transactions Negotiation is a fundamental part of everyday life. From haggling over the price of a new car to convincing your partner what to have for dinner, most people engage in hundreds of negotiations every single day. Of course, in M&A negotiation is a […]

Read more
21.9.2020

Sector Dashboards September 2020

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
21.9.2020

InterFinancial advises Aussie Traveller on sale to Seneca Capital

Aussie Traveller has been acquired by mid-market investment firm Seneca Capital. Aussie Traveller sells RV components and accessories to OEM, trade and retail customers, and is well placed to benefit from the expected growth in domestic tourism following the global pandemic. The transaction was a great outcome for the founder owners after 30 years in […]

Read more
19.8.2020

Sector Dashboards August 2020

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more