Fortinet Expands U.S. Presence with New Company-Owned Innovation Hub in New York City

Fortinet is expanding its New York City footprint with a larger, $60 million Innovation Hub focused on customers, training, and cloud security.

Rhea-AI Summary

Fortinet (FTNT) opened a new company-owned Innovation Hub in New York City, representing an investment of more than $60 million.

The approximately 40,000-square-foot facility is about three times the size of Fortinet’s previous New York City office and will support employees across several functions, including sales. The hub will host a Fortinet Cloud point of presence data center powered by custom ASIC technology, an Executive Briefing Center, and a Cybersecurity Training Center. Fortinet also replaced aging electrical and mechanical infrastructure with higher energy-efficiency equipment and will use data center heat recovery as part of its broader sustainability efforts.

Positive

• More than $60 million invested in new New York City Innovation Hub
• New facility is approximately 40,000 square feet, about three times prior NYC office
• Addition of a local Fortinet Cloud PoP data center to expand AI-enabled security delivery

Negative

• None.

News Explained

The already-opened Fortinet hub is intended to give regional customers and partners direct access to Fortinet experts, technology demonstrations, executive briefings, and cybersecurity training.

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Market Reaction – FTNT

$165.00 $172.68 Day Range

$126.67B Market Cap

Following this news, FTNT has gained 1.45%, reflecting a mild positive market reaction. The stock is currently trading at $172.64.

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Key Figures

Facility investment: More than $60 million Facility size: Approximately 40,000 square feet Size versus prior office: Three times larger

Facility investment

More than $60 million

New York City Innovation Hub

Facility size

Approximately 40,000 square feet

New York City Innovation Hub

Size versus prior office

Three times larger

Compared with Fortinet’s previous New York City office

Key Terms

point of presence, ASIC, data center, machine learning

4 terms

point of presence technical

"Fortinet Cloud point of presence (PoP): Building on Fortinet’s global PoP network"

A point of presence (PoP) is a physical location where a network or service provider houses the equipment needed to connect customers, exchange internet traffic, or deliver cloud and telecom services. Think of it like a local train station or storefront for digital traffic: its number, geographic spread and capacity affect how fast, reliable and cost-effective a provider can serve users, which in turn influences revenue potential, expansion ability and operating costs.

ASIC technical

"Powered by Fortinet’s custom ASIC technology, the facility delivers high-performance"

ASIC is Australia’s corporate, markets and financial services regulator that enforces rules for companies, financial advisers and market operators; think of it as the referee and rulebook keeper for financial activity. It matters to investors because ASIC’s oversight, investigations and enforcement actions affect company credibility, legal risk and market fairness—actions that can change stock prices, investor confidence and the safety of financial products.

data center technical

"The building will also use heat recovery from its data center"

A data center is a secure facility that houses large numbers of computers, storage devices and networking gear that run, store and move digital information for businesses and online services. Investors treat data centers like modern warehouses: their occupancy, energy efficiency, connectivity and long-term service contracts drive steady revenue and capital needs, so changes in demand or costs can directly affect profitability and growth prospects.

machine learning technical

"leading-edge machine learning and AI technologies"

Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.

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New Fortinet Innovation Hub will strengthen collaboration with customers and partners

SUNNYVALE, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the opening of a new company-owned Innovation Hub in New York City. The new Innovation Hub will give customers and partners in the region greater access to Fortinet experts, hands-on technology demonstrations, executive briefings, and training. The expanded presence will also support closer engagement with organizations, including the financial services sector, as they navigate increasingly complex cybersecurity requirements.

Representing an investment of more than $60 million, the facility underscores Fortinet’s continued commitment to strategic markets and providing customers and partners with greater access to its cybersecurity expertise and resources. The approximately 40,000-square-foot facility, which will support employees across several functions, including sales, is three times the size of Fortinet’s previous New York City office.

“New York City is the world’s most important center for financial services and enterprise business, making it a strategic market for Fortinet. Fortinet has a significant number of customers in New York City who rely on us for leading security, including the top 10 financial services enterprises. Our investment in this new Innovation Hub reflects Fortinet’s long-term approach to being built-to-last in order to support and protect our customers, enabling us to give them greater access to Fortinet experts, technology, local support, training, and collaborative experiences. As our business continues to grow, this facility provides us with the space to continue to hire more professionals to continue scaling for long-term momentum, deepening those relationships and further helping support and protect organizations as they address their evolving cybersecurity needs.”
– John Whittle, Chief Operating Officer, Fortinet

The New York City Innovation Hub will include:

• Fortinet Cloud point of presence (PoP): Building on Fortinet’s global PoP network, this new data center expands our reach while accelerating our investments in AI technology delivery. Powered by Fortinet’s custom ASIC technology, the facility delivers high-performance security processing, an elevated user experience, and significant cost savings for customers.
• Executive Briefing Center: The center is an expanded collaborative environment where customers, partners, and Fortinet experts can come together to discuss cybersecurity strategies, explore Fortinet solutions, and address evolving business and technology requirements.
• Cybersecurity Training Center: The center is a dedicated facility for in-person learning and training, expanding access to Fortinet’s cybersecurity expertise and helping organizations strengthen cybersecurity skills among their teams to address the industry’s skills gap.
• Energy-efficient infrastructure: Fortinet replaced aging electrical and mechanical infrastructure with equipment designed to higher energy-efficiency standards. The building will also use heat recovery from its data center to help heat other areas of the facility, part of Fortinet's broader sustainability efforts.

The New York City location builds on Fortinet’s growing network of Innovation Hubs worldwide, including Chicago, Atlanta, London, Sydney, and other strategic markets. Together, these locations provide customers and partners around the world with greater access to Fortinet expertise, executive briefings, hands-on training and technology demonstrations to support customers evolving cybersecurity needs.

Additional Resources

• Visit fortinet.com/trust to learn more about Fortinet innovation, collaboration partners, product security processes, and enterprise-grade products. 
• Learn about Fortinet’s free cybersecurity training, which includes broad cyber awareness and product training. The Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs.
• Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks.
• Learn more about Fortinet’s FortiGuard Security Services portfolio.
• Read about how Fortinet customers are securing their organizations.
• Follow Fortinet on Facebook, Instagram, LinkedIn, and X. Subscribe to Fortinet on our blog or YouTube.

About Fortinet
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. More than 1 million lifetime 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 © 2026 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, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIGate, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAppSec, FortiAuthenticator, FortiBranchSASE, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCART, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiDAST, FortiDATA, FortiDB, FortiDevice, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevice, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex, FortiFone, FortiGSLB, FortiGuest, FortiHSM, FortiHypervisor, FortiIdentity, FortiInsight, FortiIsolator, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPhish, FortiPoint, FortiPoints, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSAT, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSOC, FortiSRA, FortiSwitch, FortiTelemetry, FortiTester, FortiTIP, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR, Lacework FortiCNAPP, Linksys, the Linksys logo, Linksys Cognitive, Intelligent Mesh, Velop, Max-Stream, WRT and SECURITY FABRIC. 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	Anthony Luscri Fortinet, Inc. 408-235-7700 investors@fortinet.com	Sarah Goodwin Fortinet, Inc. 408-235-7700 sgoodwin@fortinet.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What capabilities will the new Fortinet New York City Innovation Hub provide?

The New York City Innovation Hub will provide a Fortinet Cloud point of presence data center, an Executive Briefing Center, and a Cybersecurity Training Center. Customers and partners will gain access to Fortinet experts, hands-on technology demonstrations, executive briefings, and in-person training to help address evolving cybersecurity and business requirements, including in the financial services sector.

How does the new hub support Fortinet’s sustainability efforts?

Fortinet replaced aging electrical and mechanical infrastructure with equipment designed to higher energy-efficiency standards. The building will also use heat recovery from its data center to help heat other areas of the facility, which the company describes as part of its broader sustainability efforts.

How does this New York City Innovation Hub fit into Fortinet’s global footprint?

The New York City location builds on Fortinet’s growing network of Innovation Hubs in strategic markets worldwide, which includes Chicago, Atlanta, London, Sydney, and other locations. Together, these hubs are intended to provide customers and partners with greater access to Fortinet expertise, executive briefings, hands-on training, and technology demonstrations.