Global technology company NEC Australia plans to establish a $4.38 million Global Security Intelligence Centre (GSIC) in Adelaide to address growing global demand for cyber security.

The centre would create an additional 50 new jobs over five years and signals a major global investment in a growing sector with the ability to attract high-level Information Communication Technology (ICT) talent and additional investment to South Australia. The State Government has contributed $980,000 towards the proposed centre through its Economic Investment Fund.

Investment and Trade Minister Martin Hamilton-Smith said cyber security was a rapidly growing sector, and was attracting increasing attention and investment. Governments and businesses alike need innovative products and services to protect them from increasingly sophisticated threats to privacy and security.

With the massive growth of ‘Internet of Things’, new cyber security measures will be needed and Adelaide’s place as a global smart city is the perfect place to develop this future security.

NEC’s investment will help South Australia achieve global prominence in the cyber security field, and complement the Smart City initiatives already underway in Adelaide.

It also means the creation of highly-specialised jobs in an area that will be transformational for the local economy.

Adelaide has quickly become a destination of choice for companies in the technology and creative industries space. We offer a vast talent pool through the three local universities and competitive business environment that ensures tech companies can grow and thrive in South Australia.

Mr Hamilton-Smith said the establishment of the purpose-built GSIC would help attract high-level ICT talent and additional investment to South Australia.

NEC Australia Chief Operating Officer Mike Barber said this was a major global investment in a growth sector.

The cyber security demand in Australia and the Asia Pacific Region is a huge opportunity aligning with the company’s global vision.

He added that the support of a client-centric agency like Investment Attraction South Australia has helped NEC navigate through government approvals to turn their cyber security technology into a viable service.