Idea 11 looks to become ‘national player’ with capital injection
Idea 11 looks to become ‘national player’ with capital injection
QLD AWS partner now majority-owned by investment company PieLAB Credit: Idea 11
Queensland IT consultancy Idea 11 is set to expand its footprint across Australia following an injection of capital funding.
The Brisbane-based consultancy received the funding from small- to medium-sized business investment firm PieLAB Council Capital, allowing it to grow its Amazon Web Services (AWS) cloud service practice into NSW.
Idea 11 was previously owned entirely by married couple James and Bianca Kahn, who will still continue to retain a significant stake.
However, the company will now establish a board of directors, with PieLAB investment director Richard Anderson and James Kahn, Idea 11’s CEO, filling two of three seats while another member is shortlisted.