Global transformation company UST chooses the University of Melbourne as its new headquarters in Australia-New Zealand

UST joins other thought leaders and innovators at Melbourne Connect, building a strong innovation network to solve next-generation societal challenges. Image: Peter Casamento

Leading global technology and transformation company UST has chosen the University of Melbourne’s purpose-built Melbourne Connect innovation district as its headquarters in Australia and New Zealand, creating 250 new Victorian jobs in three years.

University of Melbourne Vice Chancellor Professor Duncan Maskell and Victorian Minister for Economic Development Tim Pallas today announced the launch of the Innovation Lab, the first UST in Australia.

The installation of UST at Melbourne Connect was made possible by the Victorian Government’s International Investment Attraction Fund, part of the InvestVIC initiative, which aims to attract global companies to secure the skills, capabilities and technology to support the long-term growth of the to advance the Victorian economy.

Operating in 30 countries, UST manages complex digital business transformations, collaborating with clients from design to operations. The Melbourne lab joins UST’s global network, which spans the US, UK, Europe and Asia, bringing together Australian companies and their clients, as well as UST’s partners, in one space to network, collaborate and create new ones to create smarter business opportunities.

Professor Maskell said the university was delighted to welcome UST to Melbourne Connect.

“Melbourne Connect is a place that brings together the expertise of academia, industry and government to unlock new, creative, research-driven solutions to some of society’s biggest challenges. The addition of UST to Melbourne Connect will further strengthen the city’s reputation as an international research and innovation leader,” said Professor Maskell.

UST joins a host of thought leaders and innovators at Melbourne Connect to build a strong innovation network to solve next-generation societal challenges.

Mr Pallas said he was delighted that UST had chosen Melbourne as its new location in Australia and New Zealand. “This is a significant move that further demonstrates Victoria’s enviable appeal as a magnet for leading global digital technology companies,” said Mr. Pallas. “This ongoing investment demonstrates that our strategy of developing a best-in-class platform and infrastructure for the digital technology industry to attract multinationals to Victoria is on track, boosting our economy and creating more jobs.”

UST Managing Director for Australia and New Zealand Matthew McCormack said UST intentionally set up its Innovation Lab in Melbourne Connect to benefit from the community created by bringing industry, research and start-ups together.

“The Victorian Government, through InvestVic, has supported UST in bringing our global experience and market-leading products, platforms and intellectual property to Victoria, which will help drive business value for Australian organizations and develop tech talent in Victoria to accelerate,” Mr McCormack said.

Melbourne Connect Executive Director, Professor Eduard Hovy, said he was delighted that UST had chosen Melbourne Connect as the location for their newly established Melbourne Innovation Lab, a first in Australia.

“Moving the UST headquarters for Australia and New Zealand to Melbourne Connect is a major coup. UST’s commitment to solving business challenges through innovative digital solutions and their people-centric approach to helping businesses thrive create significant value for the precinct and beyond,” said Professor Hovy.

UST’s key technology partners include Microsoft, AWS, Salesforce, Adobe, Google Cloud, SAP, Intel, ORACLE and OutSystems, and the Melbourne Innovation Lab and Collaboration Space will be a “landing pad” for further expansion of its global business portfolio in the ANZ Region focused on cybersecurity, customer experience, and data and analytics.

These strategic investments by leading multinational companies stem from the Victorian Government’s international investment strategy to attract global companies from growth industries to secure the skills, capabilities and technology that will drive the long-term growth of the Victorian economy.

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