ICT services and solutions provider NEC Corporation, together with NEC Australia, will establish its Global Security Intel Centre (GSIC) in Adelaide, Australia.
According to a press statement, the $4.38 million facility will aim to ensure cybersecurity adopts new business models that would open new opportunities. It also builds on the memorandum of understanding signed by NEC Australia and University of Adelaide's smart city initiative, in which both organisations will worked together on research and development.
"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," said South Australian's Minister for Investment and Trade, Martin Hamilton-Smith.
In addition, NEC said the centre will create 50 new high-value jobs in South Australia over the next five years.
"Cybersecurity 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," said Hamilton-Smith. "It also means the creation of highly-specialised jobs in an area that will be transformational for the local economy."
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