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Lakeba, Microsoft partner to boost high-tech businesses growth

Lakeba, Microsoft partner to boost high-tech businesses growth

Lakeba, an Australian global venture catalyst firm, has reportedly entered a strategic partnership with tech giant Microsoft to boost the scalability and security of its technology-led businesses and also accelerate the growth of its digital services marketplace for financial services, DoxAI.

Lakeba, founded in 2013, has created businesses that offer digital solutions in sectors like fast-moving consumer goods, retail, real estate, and financial services.

These solutions have artificial intelligence, data, cybersecurity, backend-as-a-service, and software-as-a-service capabilities.

Although a Microsoft Gold partner since 2018, the new agreement will help Lakeba unlock more ways to leverage Microsoft's strong, secure, and resilient Azure cloud infrastructure to enhance its digital businesses that often deal with sensitive information exchange.

Lakeba will also utilize Azure to accelerate DoxAI’s expansion, a global marketplace built to facilitate financial services providers and SMBs to discover disruptive technologies for increasing efficiency, accelerating digital transformation, and scaling their operations.

With its new partnership, Lakeba will also be able to deliver more comprehensive and customizable solutions via DoxAI for customers wanting to build customized, end-to-end workflows.

Lakeba Founder and CEO, Giuseppe Porcelli, stated that the partnership is aimed at supporting the growth of its high-tech business, and will strengthen the firm’s abilities in creating sophisticated digital services and products for financial services with DoxAI.

Porcelli added that the partnership also offers a safe and secure environment for its marketplace for more beneficial venture building in the future. Further commenting that the partnership with Microsoft has already made a start, with the venture catalyst’s IT engineers already being trained about Azure’s capabilities under the tech giant’s Enterprise Skills Initiative.

The partnership also highlights that Lakeba has been providing an advanced service to its clients, which include the ANZ Bank and the Macquarie Bank. ANZ initially used Lakeba’s product for its commercial segment, and will now use it as an enterprise asset.

Vanessa Sorenson, Chief Partner Officer, Microsoft ANZ, commented that the group looks forward to strengthening its relationship with Lakeba and continue developing products that offer great experiences and real value to consumers.

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Meghna Singh

An English Literature graduate, Meghna Singh ventured into the profession of content development to incorporate her knack for writing articles across verticals including technology, healthcare, business, and alike for News Origins and Newsorigins. She has also completed her MBA in Tourism and worked as a content creator in the field of product development.