Canadian Cyber Security Journal
Filed under: News

Fortinet invests $30 million to build new cybersecurity tech hub in Alberta

CALGARY, AB, March 08, 2024 (GLOBE NEWSWIRE) — Fortinet, a U.S.-based global cybersecurity leader driving the convergence of networking and security, announced plans today to invest $30 million and create new jobs in Alberta’s tech sector. With support from Invest Alberta and Calgary Economic Development, and a grant from the Government of Alberta, Fortinet will expand into Calgary’s downtown, creating a cutting-edge cybersecurity tech hub.

The Government of Alberta’s Innovation and Growth Fund (IGF) will contribute over $3 million towards Fortinet’s expansion, that includes a data centre, a training facility for its award-winning cybersecurity training curriculum, and a centre of excellence to enhance resiliency and knowledge in safeguarding critical infrastructure and operational technologies.

Already a partner with the Southern Alberta Institute of Technology (SAIT), the University of Alberta, and the Northern Alberta Institute of Technology (NAIT), Fortinet will work closely with Alberta’s post-secondary institutions to continue efforts to address the talent gap, while promoting its work to diversify the sector. The facility will actively enhance opportunities for underrepresented communities, including veterans and women in STEM fields, contributing to more inclusivity and advancements in technology-related sectors.

With a current annual 20 per cent employee growth rate in Alberta, Fortinet recognizes Calgary as an ideal location to continue its global growth and meet the increasing demand for cybersecurity education and support in safeguarding critical infrastructure and operational technology worldwide.

Additionally, the Fortinet data centre in the new Calgary office will be well-positioned to meet the critical digital security challenges and improve cyber resiliency across Alberta. This centre will use emission reducing technology to minimize its environmental footprint. This ensures Fortinet is able to adhere to its mission of promoting responsible business practices across its value chain.

Strong partnerships among Alberta agencies ensure that companies considering Alberta get the support they need. Invest Alberta connected Fortinet with available incentives and introductions to the local business community. Committed to ensuring Fortinet is set up for long-term success with their expansion and future growth in Calgary, Calgary Economic Development will continue to provide strategic development support to ensure they have the environment, skilled workforce and connectivity they require.

Fortinet is poised to secure space in downtown Calgary, acquire equipment, and start hiring immediately, with the goal of having more than 100 staff by the end of 2025.

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