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Fortinet Expands Global Presence with New Company-Owned Innovation Hub in Atlanta

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Fortinet (NASDAQ: FTNT) announced the opening of a new 215,000-square-foot, 10-story building in Atlanta, Georgia, representing an investment of over $15 million. The facility will serve as a Fortinet Innovation Hub, featuring a FortiCloud Point of Presence, Executive Briefing Center, Cyber Training Facility, and expanded Customer Support. The building will contribute to regional growth and job development, while strengthening the company's global expansion strategy. The hub will enhance customer service capabilities and foster partnerships in the region where Fortinet has operated for 24 years.

Fortinet (NASDAQ: FTNT) ha annunciato l'apertura di un nuovo edificio di 215.000 piedi quadrati, alto 10 piani, ad Atlanta, Georgia, rappresentando un investimento di oltre 15 milioni di dollari. La struttura fungerà da Fortinet Innovation Hub, dotata di un Punto di Presenza FortiCloud, Centro di Incontri per Dirigenti, Centro di Formazione sulla Cybersecurity e supporto clienti ampliato. L'edificio contribuirà alla crescita regionale e allo sviluppo occupazionale, rafforzando la strategia di espansione globale dell'azienda. L'hub migliorerà le capacità di assistenza clienti e favorirà le collaborazioni nella regione in cui Fortinet opera da 24 anni.

Fortinet (NASDAQ: FTNT) anunció la apertura de un nuevo edificio de 215,000 pies cuadrados y 10 pisos en Atlanta, Georgia, representando una inversión de más de 15 millones de dólares. La instalación servirá como un Fortinet Innovation Hub, que contará con un Punto de Presencia FortiCloud, Centro de Briefing Ejecutivo, Centro de Capacitación en Ciberseguridad y un soporte al cliente ampliado. El edificio contribuirá al crecimiento regional y al desarrollo laboral, mientras que fortalecerá la estrategia de expansión global de la empresa. El hub mejorará las capacidades de servicio al cliente y fomentará asociaciones en la región donde Fortinet ha operado durante 24 años.

Fortinet (NASDAQ: FTNT)는 조지아주 애틀랜타에 215,000스퀘어피트, 10층 규모의 새로운 건물을 개설한다고 발표하며 1,500만 달러 이상의 투자를 약속했습니다. 이 시설은 Fortinet Innovation Hub 역할을 하며, FortiCloud 포인트 존재, 경영진 브리핑 센터, 사이버 교육 시설, 그리고 확장된 고객 지원을 포함합니다. 이 건물은 지역 성장과 일자리 개발에 기여하며, 회사의 글로벌 확장 전략을 강화할 것입니다. 허브는 고객 서비스 역량을 향상시키고 Fortinet이 24년 동안 운영해 온 지역 내 파트너십을 촉진할 것입니다.

Fortinet (NASDAQ: FTNT) a annoncé l'ouverture d'un nouveau bâtiment de 215 000 pieds carrés, de 10 étages à Atlanta, en Géorgie, représentant un investissement de plus de 15 millions de dollars. La structure servira de Fortinet Innovation Hub, comportant un Point de Présence FortiCloud, un Centre de Réunion Exécutif, une Installation de Formation en Cybersécurité et un Support Client élargi. Le bâtiment contribuera à la croissance régionale et au développement de l'emploi, tout en renforçant la stratégie d'expansion mondiale de l'entreprise. Le hub améliorera les capacités de service client et encouragera les partenariats dans la région où Fortinet opère depuis 24 ans.

Fortinet (NASDAQ: FTNT) hat die Eröffnung eines neuen Gebäudes mit 215.000 Quadratfuß und 10 Etagen in Atlanta, Georgia, angekündigt, was eine Investition von über 15 Millionen Dollar darstellt. Die Einrichtung wird als Fortinet Innovation Hub fungieren und verfügt über einen FortiCloud-Punkt, ein Executive Briefing Center, eine Cyber-Trainingseinrichtung und erweiterten Kundensupport. Das Gebäude wird zum regionalen Wachstum und zur Schaffung von Arbeitsplätzen beitragen und gleichzeitig die globale Expansionsstrategie des Unternehmens stärken. Der Hub wird die Kundenservicemöglichkeiten verbessern und Partnerschaften in der Region fördern, in der Fortinet seit 24 Jahren tätig ist.

Positive
  • Major infrastructure investment of $15 million in new Atlanta facility
  • Expansion of cloud infrastructure with new FortiCloud Point of Presence
  • Strategic enhancement of customer support and service capabilities
  • Physical expansion supporting global growth strategy
Negative
  • None.

Insights

The $15 million investment in a new Atlanta Innovation Hub represents a strategic but relatively modest capital allocation for Fortinet, given its $72.5 billion market cap. The 215,000-square-foot facility brings several key advantages:

  • The FortiCloud Point of Presence will optimize service delivery while reducing operational costs through proprietary ASIC technology
  • The Executive Briefing Center should strengthen customer relationships and sales pipeline in the Southeast region
  • The training facility addresses cybersecurity talent shortages while potentially creating new revenue streams

While this expansion signals healthy business growth, the financial impact will likely be gradual rather than immediate. The investment aligns with Fortinet's global expansion strategy but is not material enough to significantly impact near-term financial performance.

Newly acquired 10-story building will be transformed into newest Innovation Hub from Fortinet, including FortiCloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to drive impactful customer experiences in the Atlanta region

ATLANTA, Nov. 15, 2024 (GLOBE NEWSWIRE) --   

John Whittle, Chief Operating Officer at Fortinet  
“With our new space in Atlanta set to become one of our global Innovation Hubs, we’ll be able to better serve our growing customer base in this region as we build on the partnerships created across industries in Georgia over the past 24 years. Through our global Innovation Hubs, Fortinet is committed to enhancing our infrastructure and innovation to continue to deliver unmatched experiences and solutions to customers worldwide. We’re excited to be part of this vibrant community, helping to contribute to Atlanta’s position as a hub for business and technology.”

News Summary  
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the opening of a new building in Atlanta, Georgia. As the newest Fortinet-owned facility to open this year, the company remains deeply committed to its global expansion strategy, aiming to drive innovation and strengthen collaboration for Fortinet’s customers, partners, employees, and other key stakeholders around the world.

Representing an initial investment of more than $15 million, the 215,000-square-foot, 10-story building will serve as a Fortinet Innovation Hub, contributing to the region’s ongoing growth and job development. The new space will include the following:

  • Fortinet Cloud Point of Presence: Fortinet will continue building out its cloud infrastructure with this new FortiCloud Point of Presence (POP). This POP will be optimized by Fortinet’s proprietary ASIC technology to enable the company to further deliver advanced services to customers with a superior user experience while enabling cost savings.

  • Executive Briefing Center (EBC): This new EBC will serve as a collaborative space, welcoming customers and other stakeholders to help drive business growth and foster partnerships.

  • Cyber Training Facility: The space will provide an environment that cultivates in-person learning by delivering the Fortinet Training Institute’s award-winning certification program curriculum, advancing Fortinet’s efforts to address the cyber skills gap.

  • Customer Support Expansion: The local services and sales team will continue to offer their extensive expertise and knowledge to the region, enhancing customer support and ensuring greater satisfaction.

A ribbon cutting ceremony will take place on November 15, attended by Fortinet leadership, including Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer, among others.

Fortinet is also donating to the Hire Heroes USA’s Atlanta chapter and Cyversity’s Atlanta chapter to further its investment in the region and deepen its existing partnership with both organizations. As part of the Fortinet Training Institute Education Outreach program, Hire Heroes USA is focused on helping veterans and military spouses find meaningful employment, and Cyversity is focused on empowering women, veterans, and underrepresented communities. Fortinet works alongside both organizations to build a diverse, inclusive, and highly skilled cyber workforce.

Additional Resources

About Fortinet (www.fortinet.com) 
Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs

Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. 

Media Contact: Investor Contact: Analyst Contact: 
Stephanie Lira
Fortinet, Inc. 
408-235-7700 
pr@fortinet.com 
Aaron Ovadia 
Fortinet, Inc.  
408-235-7700 
investors@fortinet.com 
Brian Greenberg  
Fortinet, Inc. 
408-235-7700 
analystrelations@fortinet.com 

FAQ

What is the size and cost of Fortinet's new Atlanta Innovation Hub?

Fortinet's new Atlanta Innovation Hub is a 215,000-square-foot, 10-story building representing an investment of over $15 million.

What facilities will be included in Fortinet's (FTNT) new Atlanta building?

The building will include a FortiCloud Point of Presence, Executive Briefing Center, Cyber Training Facility, and Customer Support Center.

When did Fortinet (FTNT) announce its new Atlanta Innovation Hub?

Fortinet announced its new Atlanta Innovation Hub on November 15, 2024, with a ribbon cutting ceremony attended by company leadership.

How long has Fortinet (FTNT) been operating in Georgia?

Fortinet has been operating and building partnerships across industries in Georgia for 24 years.

Fortinet, Inc.

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