Global transformation company UST selects University of Melbourne as new Australia-New Zealand headquarters

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

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

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

UST’s installation at Melbourne Connect was made possible by the Victorian Government’s International Investment Attraction Fund, part of the InvestVIC initiative, designed to attract global companies to secure the skills, capabilities and technology that will drive long-term growth in Victorian economy.

Operating in 30 countries, UST manages complex digital business transformations by partnering with clients from design to operation. The Melbourne lab joins UST’s global network spanning the US, UK, Europe and Asia, bringing together Australian businesses and their customers and UST partners in a space to connect, collaborate and create new, smarter ways of doing business.

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

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

UST is bringing together a range of thought leaders and innovators at Melbourne Connect to create a powerful innovation network to solve the next generation of societal challenges.

Mr Pallas said he was delighted that UST had chosen Melbourne as its new Australia-New Zealand base. “This is an important move that further demonstrates Victoria’s enviable pulling power as a magnet for leading global digital technology companies,” Mr Pallas said. “This continued investment shows that our strategy to develop a world-class digital technology industrial platform and infrastructure to attract multinational companies to Victoria is on track, strengthening our economy and creating more jobs.”

UST CEO for Australia and New Zealand Matthew McCormack said UST deliberately established its Melbourne Connect Innovation Lab to leverage the community created through the co-location of industry, research and start-ups.

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

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

“Having UST’s Australia and New Zealand headquarters at 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 adds significant value to the region 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 portfolio of companies in ANZ area focused on cyber security, customer experience and data and analytics.

These strategic investments from leading multinationals come 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 long-term growth in the Victorian economy.

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