The group will share information on computer security threats, according to a statement from Internet Security Systems (ISS), which said it has been selected to maintain the centre.
The project can trace its origins back to May 1998, when US President Bill Clinton instructed government agencies to form alliances with various industries to create Information Sharing and Analysis Centres (ISACs) to share information about threats to, and vulnerabilities of, each industry sector.
Following a spate of high-profile denial of service attacks on Internet companies last February, industry representatives promised "more cooperation" and the creation of an ISAC for the IT industry. Tuesday's announcement will see the fulfilment of those promises.
According to ISS, board members of the IT-ISAC will include representatives from leading IT companies including Cisco Systems, CSC, IBM, HP and Microsoft.