The microprocessor. The personal computer. The connected car. Silicon Valley has seen some of the great technological innovations of the past 50 years, which is why we’ve had a presence here since the 1970s, and why we’re also so excited to be opening a brand new office, right in the centre of it all, in Palo Alto.
It was great to have our CEO, Al Kelly at our open house event to introduce some of our neighbors, partners, and interested media to the new space. Along with myself and our EVP of HR, Michael Ross, hopefully we were able to convey our collective excitement at setting down another crucial footprint in the vibrant and diverse Bay Area talent pool. Because make no mistake, while the technology we develop and the people who develop it are vitally important, so are the spaces they work in—and that’s why this opening felt so significant.
In his remarks, Al underscored the importance of talent and technology in securing our success in payments, an industry that is moving at lightning-speed. The new Palo Alto office is part of our effort to attract and retain the best people, and to foster collaboration with the organizations based in Silicon Valley.
The fact is, we’re in the midst of a profound technology transformation, and as we re-engineer Visa’s major processing platforms, ‘open’ is a major emphasis. We’re focused on partnering with community of developers, technologists, academics, and global thinkers to create the next generation of commerce experiences. And on top of all this, we have the addition of Visa Research, a new organization within Visa that focuses on the scientific foundations of leading-edge technologies, from blockchain and cryptography, to artificial intelligence and deep machine learning.
This new three-story, 62,000-square-foot will be home to our Data, Research, Network Processing and Loyalty & Offers teams, and it’s hard to imagine a more appropriate location than Palo Alto. We look forward to seeing the innovations and collaborations that come out of the new space.