Tech News Summary:
- Fortinet has acquired a large tech campus in Santa Clara for over $190 million, marking one of its largest property purchases to date.
- This acquisition is part of Fortinet’s ongoing expansion in Silicon Valley, where it has already spent over $300 million on various properties.
- The strategic purchase allows Fortinet to consolidate its operations in close proximity to its existing headquarters and position itself for long-term success in the region.
Fortinet, a global leader in cybersecurity solutions, has announced the acquisition of the Texas Instruments technology campus in Plano, Texas for over $190 million. The campus will serve as Fortinet’s new global headquarters, accommodating its continued growth and expanding its footprint in the cybersecurity industry.
The acquisition of the 500,000 square foot campus represents Fortinet’s commitment to investing in its future as a leading cybersecurity company. The state-of-the-art facility will provide the company with the space and resources to further innovate and develop advanced security solutions to meet the evolving needs of its customers.
According to Fortinet’s CEO, Ken Xie, “This acquisition underscores our commitment to continued innovation and growth in the cybersecurity industry. The Texas Instruments technology campus will provide us with the infrastructure and resources needed to support our expanding team of experts and develop cutting-edge security solutions to address the ever-changing threat landscape.”
The campus acquisition is expected to be completed in the coming months, and Fortinet plans to begin its relocation to the new headquarters soon after. The company’s decision to invest in a new global headquarters reflects its confidence in its future growth and its dedication to providing its employees with a world-class working environment.
Fortinet’s acquisition of the Texas Instruments technology campus represents a significant milestone in the company’s journey toward becoming a dominant force in the cybersecurity industry. With this new global headquarters, Fortinet is poised to continue shaping the future of cybersecurity and delivering powerful and innovative solutions to its customers worldwide.