More details on FICO San Jose move
Silicon Valley Business Journal by Nathan Donato-Weinstein, Real Estate Reporter
Date: Friday, January 4, 2013, 9:26am PST - Last Modified: Friday, January 4, 2013, 9:44am PST
Courtesy photo
William Lansing is CEO of FICO, the credit rating company, which announced
plans to move its headquarters from Minneapolis to San Jose.
- Nathan Donato-Weinstein
- Real Estate Reporter- Silicon Valley Business Journal
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Yesterday, Fair Isaac Corp. (FICO) announced it was adding "San
Jose-based" to its corporate identity. Today, FICO spokeswoman Kate Blatt shed some additional
light on the company's plans.
First, the new headquarters will be located at FICO's existing local offices,
at Equity Office Properties' Metro Plaza, 181 Metro Drive, near the San Jose
airport. Blatt said FICO recently signed for a second floor in the building and
is in the process of building out the interior. That brings its total footprint
to 37,906 square feet, Blatt said.The headquarters shift highlights the importance the company is placing on technology, but doesn't mean it will consolidate offices.
FICO's San Jose home currently has about 90 employees, but that's set to grow. Blatt said FICO intends to beef up its engineering staff here while maintaining its operations in Minnesota, where it is currently based. In addition to global locations, FICO also has offices in San Rafael, San Diego and New York, and those will remain.
"It's really a part of the company's focus on technology, big data, and so it made sense to expand in Silicon Valley," she told me. "We're hiring tons of engineers right now. We'll be strapped for space pretty quickly."
FICO, led by CEO William Lansing, is best known for the FICO score, a leading measure of credit risk. But its products and services also include other predictive analytics, decision-management applications and tools, and professional service.
FICO's roots run deep here. Founders Bill Fair and Earl Isaac met at the Stanford Research Institute in Menlo Park.
“FICO began in Silicon Valley, and we view this move as a homecoming,” Lansing said in a statement. “Operating from our base in Silicon Valley, we can more readily build upon our company’s deep talent pool, collaborate with other big thinkers in the world’s premier technology hub, and provide our customers worldwide with powerful innovations that will help them compete more effectively in the era of Big Data.”
Nathan Donato-Weinstein covers commercial real estate and transportation for the Silicon Valley Business Journal.
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