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High-flying tech start-up builds cloud campus in South Australia

James Henderson | June 9, 2017
PrimeQ set to create 72 new jobs as part of triple cloud investment across the state.

"PrimeQ is proud of our South Australian base from which we are building the cloud IT sector nationally through the creation of jobs, R&D capability and skilled technological expertise."

Founded in 2016, PrimeQ focuses solely on Oracle Cloud business solutions and services across A/NZ.

During its first 12 months of operations, the start-up has generated multi-million revenue and grown to 86 staff with offices on both sides of the Tasman, with strong roots and headquarters in South Australia.

Specifically, PrimeQ sells, implements and supports Oracle enterprise software via the cloud, with customers including Pacific Brands, Australian Vintage, Parliament of Victoria, Fulton Hogan and the Queensland University of Technology.

As reported by ARN , the company, which anticipates a listing price of $0.50 per share, also expects to list on the ASX by early 2018, in an initial public offering (IPO) that is likely to value the Australian-based business at around $50 million.

 

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