FICO announced Friday it has moved its corporate headquarters to San Jose, Calif., from Minneapolis.
The new headquarters of the analytics software provider will serve as its innovation and development hub. Currently, FICO says it employs 90 people in San Jose and plans to hire more engineers and analytical scientists in the coming year.
With this move, the company is returning to its origins. The founders of the company first met while working on operations research projects at the Stanford Research Institute in Menlo Park, Calif.
"FICO began in Silicon Valley, and we view this move as a homecoming," Will Lansing, FICO's president and CEO, said in a press release. "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."