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

The Melbourne Connect building with the city of Melbourne and blue sky in the background
UST joins other thought leaders and innovators at Melbourne Connect, building a powerful network of innovation to solve the next generation of societal challenges. Image: Peter Casamento

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

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

Operating in 30 countries, UST manages complex digital business transformations by working 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’s partners in a space to connect, collaborate and create new, smarter ways to do business.

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

“Melbourne Connect is a place which brings together the expertise of the University, 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 enhance the city’s reputation as an international research and innovation leader,” Professor Maskell said.

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

Mr Pallas said he was delighted UST had chosen Melbourne as its new Australia-New Zealand base.  “This is a significant move that further demonstrates Victoria’s enviable pulling power as a magnet for leading global digital tech companies,” Mr Pallas said. “This ongoing investment shows our strategy to develop a world-class digital tech industry platform and infrastructure to attract multinational firms 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 established their Innovation Lab at Melbourne Connect to capitalise on the community created through co-location of industry, research and start-ups.

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

Executive Director of Melbourne Connect Professor Eduard Hovy said he was pleased UST had chosen Melbourne Connect as the location for their newly established Melbourne Innovation Lab, an Australian first.

“Housing 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 help businesses thrive adds significant value to the precinct and beyond,” Professor Hovy said.

UST’s primary tech 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 the ANZ region that focus on cybersecurity, customer experience, and data and analytics.

These strategic investments by leading multinationals stem from the Victorian Government’s International Investment Strategy to attract global firms from growth industries to secure the skills, capabilities and technology that will drive long-term growth in the Victorian economy.