Credit score pioneer FICO announced Friday that it is moving its corporate headquarters from the Twin Cities to California, although its Roseville office will remain open, the Star Tribune reported.
The company headquarters, which just moved its Minneapolis office to Roseville, is heading back to San Jose, where the company was founded – and where more tech workers are now, company officials said.
In a press release, the company said, "The new headquarters will serve as an innovation and development hub in the heart of Silicon Valley, enabling the company to continue to take advantage of technology innovations in Big Data and cloud computing, and draw from the region's deep technology talent pool."
But company spokeswoman Kate Blatt said Friday the Roseville office will remain open, despite the moving of headquarters operations. The Roseville office has about 275 of the company's 2,300 worldwide employees, the newspaper said. "The jobs will stay there," Blatt told the Pioneer Press.
The company was founded as Fair, Isaac in 1956 by engineer Bill Fair and mathematician Earl Isaac.
"FICO began in Silicon Valley, and we view this move as a homecoming," said Will Lansing, president and CEO of FICO.