Not many New Brunswickers know that a lab in Fredericton is a hub for global IT powerhouse IBM’s cybersecurity research and development division, with over 100 people working there earning an average salary of $75,000.
In 2011, IBM, which has nearly 400,000 employees around the world, purchased Q1 Labs, a provincial startup whose QRadar Security Intelligence Platform was developed with the support of the University of New Brunswick for more than $500 million. The acquisition of this innovative technology opened the door for IBM to form and immediately expand its security division, which is now a $2 billion business that employs 7,500 people in 36 locations worldwide.
“…over 100 people working there earning an average salary of $75,000.
An impressive amount of that activity is taking place in New Brunswick. IBM maintains a research development and customer support centre in Fredericton, and has plans to expand beyond that.
IBM’s presence in New Brunswick has had positive ripple effects for the entire cybersecurity ecosystem. After raising $500,000 in an investment round, Fredericton’s Beauceron Security’s cloud-based cyber threat identification platform is already being used by 15 business customers around North America.
The provincial government also invested $1.9 million in the Canadian Institute for Cybersecurity, an innovative hub for research, training and industry collaboration, which opened this year at UNB Fredericton.