Fortinet has announced plans to invest $30 million into Alberta’s technology economy and expand into Calgary, creating what the company called “a cutting-edge cybersecurity tech hub.”
Support for the initiative will be provided by Invest Alberta and Calgary Economic Development along with a grant from the Government of Alberta.
The Government of Alberta’s Innovation and Growth Fund (IGF) will contribute more $3 million towards Fortinet’s expansion, which includes a data centre, a training facility for its cybersecurity training curriculum, and a centre of excellence.
The company stated that the training facility marks “a pivotal step in addressing the global cybersecurity skills shortage.” Fortinet is already partnered with the Southern Alberta Institute of Technology (SAIT), the University of Alberta, and the Northern Alberta Institute of Technology (NAIT). Fortinet said that the facility will provide opportunities for underrepresented communities, including veterans and women in STEM fields.
“Our expansion in Calgary directly contributes to creating valuable employment opportunities and advancing cybersecurity capabilities in the region. Our vision extends beyond providing industry-leading security products and services; we aim to continuously innovate and cultivate cybersecurity talent through comprehensive training and development programs,” said Joyce Chow, vice-president of talent, Fortinet, in a statement.
“With the city’s rapidly growing tech talent workforce, and businesses embracing digital transformation, Fortinet’s investment continues the momentum we’re seeing across sectors in Calgary,” added Brad Parry, president and CEO, Calgary Economic Development.
Fortinet plans to hire more than 100 staff in the Calgary area by the end of 2025.
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