Global technology company NEC is investing $4.38 million to establish a Global Security Intelligence Centre (GSIC) in Adelaide to meet growing global demand for cyber security. Spending on information security in Australia alone is forecast by research firm Gartner to reach almost $3.2 billion in 2016, an increase of eight per cent over 2015.

The centre will create 50 new high-value jobs in South Australia over the next five years, making the state a more attractive destination for ICT skills and security services that are in high demand.

NEC Australia Chief Operating Officer Mike Barber advised the GSIC was a major global investment in a growth sector and Adelaide was a recognised hub for new technologies.

He stated that the company had worked with a lot of local partners with great intellectual property to deliver innovative technical solutions.

Mike believed the support provided by Investment Attraction South Australia throughout this process had helped NEC navigate through government approvals, enabling it to turn its cyber security technology into a viable service.

The availability of world-standard cyber security services in South Australia will support businesses of all kinds to achieve their potential and help grow the state’s economy. The GSIC will also help to create pathways of opportunity for computer science students and graduates, and the 50 new positions will offer high income salaries, which will have a positive flow-on effect for the local economy.

Cyber security is a rapidly growing sector, and is 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.