SYS-CON MEDIA Authors: Kevin Benedict, Gilad Parann-Nissany, Michael Bushong, Eric Brown

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Bloomberg Opens Dedicated R&D Facility in San Francisco

Today Bloomberg announced that the company is opening a dedicated R&D office in San Francisco.

“Opening a dedicated R&D office in the heart of San Francisco’s tech corridor is critical to our commitment to attract the best software developers and develop cutting edge technologies for our customers,” said Dan Doctoroff, Bloomberg President and CEO. “This new office will build on our significant presence in the Bay Area -- including sales, news and media operations, and Bloomberg Beta – and help us engage more deeply with the local technology community.”

Currently the new San Francisco R&D team is based in a temporary location until the permanent office, located at 140 New Montgomery Street in the South of Market (SoMA) neighborhood, is fully operational in 2015. The San Francisco office, which will ultimately employ 100 developers, will be led by Zach Haehn, a senior member of Bloomberg’s R&D operation.

“We are very pleased that Zach will lead our efforts,” said head of R&D Vlad Kliatchko. “As a member of our global R&D team since 2002, Zach has proven himself to be both a great leader and technologist. His leadership and experience, coupled with the inspiring work we are doing at Bloomberg, will enable us to attract top talent and build a dynamic team in San Francisco.”

Bloomberg currently employs over 3,000 technologists globally.

“With existing R&D hubs in New York and London, opening our third hub in San Francisco is a natural fit,” said Doctoroff.

About Technology at Bloomberg

Bloomberg technology helps drive the world’s financial markets providing communications platforms, data, analytics, trading platforms, enterprise computing solutions, news and information for the world’s leading financial market participants. We deliver these leading solutions to our customers through the Bloomberg Professional service, digital platforms, mobile applications and state of the art hardware.

Quick facts:

  • Bloomberg runs one of the world’s largest private networks with over 20,000 routers across our network
  • We have the largest server side JavaScript deployment in the world - 22 million lines of JavaScript code
  • We process 45-50 billion ticks per day of financial data
  • We are at the forefront of many technical fields, contributing to international standards (e.g., C++, HTML5, CSS3), participating in the global technology community (e.g., OpenStack, Hadoop, W3C), and creating and sharing (open sourcing) innovative solutions for complex technology problems

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 320,000 subscribers globally.

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