ONE of Australasia’s fastest growing cloud services companies has announced a major expansion in South Australia.
PrimeQ began operating in May 2016 and has already grown to 86 staff with offices across Australia and New Zealand.
It is headquartered in the South Australian capital Adelaide where it will establish an Innovation Centre, 24/7 Technology Support Hub and Graduate Program to drive cloud research and development, intellectual property and 24/7 access to South Australian cloud technology expertise.
The three projects will create 72 new jobs in South Australia within the next three years and aim to help the company develop its technical capabilities quickly to capitalise on its current competitive advantage in the Oracle cloud services market.
The company’s $2.24 million investment will be supported by a $500,000 grant from the South Australian Government via Investment Attraction South Australia.
PrimeQ, which plans to list on the Australian Stock Exchange (ASX) in March 2018, is the only 100 per cent Oracle-in-the-cloud services provider in Australia. Its clients include Pacific Brands, Heinz, New Zealand Post and Moose Toys.
Chief Executive Officer Andrew McAdams said the investment positioned PrimeQ as the cloud services leader in Australia and New Zealand.
He said the IT industry was going through an Uber-like transformation.
“The industry is changing very quickly and I think South Australia has an opportunity to do something really interesting,” McAdams said.
“The new world is software as a service or platforms as a service and that means that you completely re-engineer your organisation.
“Uber changed the world in terms of taxis and this is the same thing because the big players can’t cope while they’re stuck with infrastructure and outcomes that can’t move at the pace that we want to move.”
The city was the first outside of the United States to join Smart City initiator and internet application development organisation US Ignite.
Last year the South Australian Government also announced Adelaide Gig City, which will link global businesses with Adelaide’s innovation precincts such as Tonsley, and the state’s Health and Biomedical Precinct with Internet connections of up to 10 gigs.
McAdams said about a third of the 72 new positions would be filled by graduates.
He said ease of movement and access to quality graduates made Adelaide “a really easy place to do business” and a logical place to establish head office.
“We can have a really good lifestyle and the South Australian Government has supported us through Investment Attraction South Australia – right from the beginning it hasn’t been an arduous process.”
South Australian Investment and Trade Minister Martin Hamilton-Smith said PrimeQ’s IT graduates program represented a rare pathway for students to advance to senior ranks in highly skilled careers in Adelaide.
“The skills and technical capabilities which will be created and fostered under the PrimeQ expansion represent high transformational value and potential to South Australia,” he said.