SharePoint and Office365 records management specialists RecordPoint is moving its Asia-Pacific headquarters to Melbourne, with support from the Victorian Government to establish an AI and Engineering Hub.

The government expects that will lead to 100 new jobs in data science, software engineering, data analytics and machine learning.

It says 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.

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.

Minister for Economic Development Tim Pallas, said, ““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.”

The arrival of RecordPoint to Melbourne is one of the largest AI investments facilitated by the Andrews Labor Government and follows in the footsteps of other IT companies 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.

RecordPoint CEO Elon Aizenstros said, “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.”