The American cyber security firm Anomali plans to create 120 jobs in the North with the opening of its first European research and development lab in Belfast.
Alastair Hamilton, CEO of Invest NI, said: "Northern Ireland is enjoying a growing worldwide reputation as a region of expertise and knowledge in cyber security".
"Today's announcement of both a new inward investor, the Anomali R&D labs, and a significant investment by CSIT will only see this reputation continue to grow".
Anomali chief executive, Hugh Njemanze says the company has "emerged as the leader in threat intelligence solutions".
In the wake of WannaCry, US-based cybersecurity firm Anomali has chosen Belfast to be the home of its new cybersecurity R&D lab creating 120 jobs.
Invest NI is set to provide £780,000 towards the job creation.
"We are pleased to make Belfast the new base for developing new products and scaling our business in Europe and beyond". 23 of the positions are already in place.
Invest Northern Ireland welcomed the announcements, which it has helped support.
CSIT, the UK's leading university centre for cyber security research, recently hosted its World Cyber Security Technology and Research Summit, which attracts worldwide cyber security experts and leaders from the world of industry, academia and government to Belfast each year.
It has also been announced that the Centre for Secure Information technologies will generate investment of £38.5m in research and development.
It encourages collaboration among academics, researchers, engineers, industry and government to accelerate the results of cyber and physical security research through to commercial application.