Israeli cyber security training company CyberGym will move its global headquarters to Melbourne, creating 60 jobs over three years, and joining the likes of the US Department of Homeland Security as participants in the city’s emerging cyber security hub.
CyberGym, which is half-owned by Israel’s biggest electricity supplier and is about to raise $30 million for an ASX IPO at a post-money valuation of $80 million, runs cyber security training courses for organisations, placing staff in simulated cyber-attack situations and coaching them on how to respond.
Victorian minister for innovation, Philip Dalidakis, would not reveal what financial assistance was offered to CyberGym, which was understood to have been considering a Sydney home too.
However, he said any incentives offered to high-growth companies to locate global or regional headquarters in Melbourne was part of a policy aimed at eventually offering none.
Read the full article by Michael Bailey at The Australian Financial Review.