IBM launched its new $23 million high-tech e-business centre this week in Pyrmont, Sydney's emerging dotcom district on the edge of the city's CBD.
In addition to creating 340 jobs the centre has forged an alliance with the University of Technology to train and develop the IT skills of students.
The centre will principally be used by customers wanting to execute e-business solutions; it also houses a research laboratory focusing on Internet security, network and mobility.
IBM already has seven centres in the US, four in Europe, one in Tokyo, two in Canada and a further three are planned for the Asia Pacific.
It is part of IBM's global network of "innovation centres" and Big Blue says it is the first wireless workplace of its scale in Australia.