- Minister for Economic Development
Support from the Andrews Labor Government has led a global cloud-based records management company to base its Asia Pacific HQ in Victoria, boosting high-tech jobs and the state's artificial intelligence technology credentials.
RecordPoint - which partners with Microsoft - will establish a cutting-edge facility in Melbourne, which will also serve as the company's AI and Engineering Hub.
This will lead to 100 new jobs in data science, software engineering, data analytics and machine learning.
The investment will enable RecordPoint to improve its product offering in records management, boost its export reach to the Asia Pacific region and build on Victoria's capabilities in fast evolving transformative technologies.
RecordPoint leads the way in the content services segment and enables organisations to manage records from multiple services and platforms, ensuring information is always safe and under control.
The company's clients include public sector agencies, such as the Victorian Department of Education and Training and the Australian Securities and Investments Commission, and regulated commercial industries including energy resources and financial services in the United States and the UK.
The arrival of RecordPoint to Melbourne is one of the largest AI investments facilitated by the Labor Government and follows in the footsteps of other IT heavy-hitters, such as Square, Slack and Zendesk.
The tech sector in Melbourne employs 85,000 people in around 8,000 companies and generates approximately A$35 billion annually.
Victorian universities produce about 37 per cent of Australia's graduates - more than any other state.
As stated by Minister for Economic Development Tim Pallas
"RecordPoint's investment in Victoria is testament to our position as Australia's top tech city, with leading capabilities in advanced technologies such as artificial intelligence."
As stated by RecordPoint CEO Elon Aizenstros
"As an Australian-founded company, being able to invest in Australia and tap into the diverse talent of Victoria's growing tech sector will provide the resources needed to fuel our next wave of growth."
