Big data analytics software company SAS has opened a research and development centre in Glasgow.
The R&D centre in Scotland is focused on technology to combat fraud and financial crimes. "It will position Scotland as an international centre of excellence for developing solutions to tackle fraud and bolster security," said SAS.
The SAS investment in the facility in the Cuprum building on Argyle Street, Glasgow, includes adding 94 advanced analytics specialists to its established 126 member team at the location.
The opening follows the announcement of the planned centre a year ago. The opening comes after Scottish Development International (SDI) gave a grant to SAS worth £1.3 million last year.
The Glasgow expansion was preceded by SAS opening a flagship London office last year, which has a special focus on financial services, and which acts as a hub for the wider SAS 600-strong team in the UK.
Mikael Hagstrom, SAS EMEA executive vice president, said: "The UK has the opportunity to take a lead in the global efforts to deliver real financial benefit from big data, considered a 21st century raw material and referred to by analysts as 'new oil'.
"To do this we also need to ensure that government, academia and businesses work together to further develop the skills available and actively support programmes that nurture development in the next generation.”
Scotland first minister Alex Salmond said: “The new facility will position Scotland as an international centre of excellence for developing solutions to tackle fraud and security and will create a substantial number of highly-skilled, high-value jobs - a significant feather in Scotland’s cap."