Lakeba Joins Forces with EY

COLLABORATION AND SUPPORT AGREEMENT TO SCALE DIGITAL BUSINESSES

The alliance is being managed by EY’s Associate Partner, David du Plessis; and Lakeba’s newly appointed Chief Business Development Officer, Tom Bender.

Commenting on the deal, Giuseppe Porcelli, CEO of Lakeba, says: “We’ve built Lakeba into a Nikkei Asia and London’s Financial Times recognised high growth company. The alliance with EY will take this to the next level.

“We’re so alike we understand each other. So different that it was an immediate attraction.”

Lakeba has grown into a business building powerhouse in seven years. It has commercialised 15 of its own digital businesses, while scaling two additional business as part of its Scale Up Fund. It employs 160 staff across Australia, India, Europe and the US.

EY builds a better working world through its four integrated service lines of assurance, consulting, strategy and transactions, and tax. It works with more than 200,000 clients in 150 countries, from start-ups to multinationals across all sectors. Employing over 300,000 people internationally.

“The blend of technology and business innovation revolutionises how organisations operate, compete and deliver products and services. Lakeba’s the multifaceted kaleidoscope of this reality, with EY perfectly placed to amplify Lakeba’s entire spectrum,” says David du Plessis, Associate Partner at EY Australia.

Du Plessis has over 20 years of international corporate experience at EY, initially starting in South Africa. He is managing EY’s engagement with Lakeba internationally.

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.