IBM is adding 100 new jobs in its Fredericton-based cybersecurity division over the next three years, the company and Premier Brian Gallant announced on Wednesday.

Gallant said in a statement the company is expanding its operations in the province, which "means more valuable information technology jobs and a strong foundation for the continued growth of the cybersecurity sector in this province."

The IBM jobs will pay $75,000 a year and the provincial government will offer a $12,000 payroll rebate for each position after it is created.

Dino Trevisani, the president of IBM Canada, said in a statement the company's expansion in Fredericton will help create a hub of activity in the province and add high-value jobs.

"Together, we are planting these economic development seeds to help transition New Brunswick into a knowledge-worker economy that can positively tackle huge changes, such as the monumental growth of cybercrime, for the benefit of all Canadians and organizations worldwide."

IBM connection to the cybersecurity industry in Fredericton dates back to its acquisition of Q1 Labs in 2011.