|By Business Wire
|August 19, 2014 06:00 AM EDT
technology company innovating at the core of the $120 trillion
investment management industry, recently paired with HackerRank to
co-host an 8-hour global Hackathon. The contest, held June 27th-28th,
had a record-breaking 3,800 programmers compete from around the globe,
with former world champions Johnny Ho and Gennady Korotkevich among the
A team of internationally ranked competitive programmers at Addepar —
including VP of Engineering Vladimir Novakovski, and software engineers
Sreenath Are, Eugene Chen, Alexandr Wang, and Scott Wu — crafted the
eight contest challenges in advance. Of the eight challenges, six had
exact answers, while the remaining two had no perfect answer, which
required contestants to create the best possible solution they could
A competitor from Latvia, Alexey Zayakin, won first prize
by scoring a total 786 points. Zayakin will travel to Mountain View this
month to visit the Addepar team and have dinner with Joe Lonsdale,
Addepar’s co-Founder and Executive Chairman of the Board. Over 40
top-ranking programmers, including Zayakin, are in talks with Addepar
about software engineering roles in connection with this contest.
“Addepar is proud to challenge some of the world’s best coders to solve
the most foundational technology problems in finance,” said Addepar CEO
Eric Poirier. “Our entire team shares a passion for bringing Silicon
Valley innovation to this critically important market. We empower the
smartest and most demanding investors to make informed, data-driven
decisions at scale using technology that just works. This HackerRank
contest helped us share our mission globally, and connect with many
gifted engineers who have what it takes to make a huge impact.”
Immediately following the HackerRank contest, Addepar’s own Scott Wu
traveled to Taiwan, where he won “Absolute First Place” in the 26th
International Olympiad in Informatics. Wu achieved full marks in record
time, completing the challenges in a total of five hours. Wu is also
notably ranked #1 in the United States in TopCoder and Codeforces, other
top competitive programming venues. He joined Addepar and its list of
internationally recognized programmers in May 2014 because of the “tough
challenges to work on and a strong, friendly community.”
The International Olympiad, officially sponsored by UNESCO, is the
academic counterpart to the Olympic Games, and is hosted once a year for
informatics, mathematics, physics, chemistry, and other fields. IOI has
over 80 countries participating, with each country selecting a team of
four pre-college students. In-country competitions are extraordinarily
fierce; for example, over 100,000 students compete for the spots in
Vladimir Novakovski, Addepar VP of Engineering, said, “given our
ambitious mission of transforming finance, Addepar’s extraordinary
engineers do some of the most exciting and best work of their careers
here. We made a point to include finance-specific challenges in the
HackerRank contest to give participants a sense for the problems we
solve. The resulting level of interest has been remarkable.” Addepar’s
world-class engineering team has experienced developers from companies
like Facebook, Quora, Palantir, Adobe, Box, EMC, VMware, Goldman Sachs
and Credit Suisse, as well as some of the best and brightest
Addepar delivers the world’s first interactive investment analysis and
reporting technology on a future-proof data platform. This unique
combination of capabilities replaces decades-old technology systems
still used to track and manage some of the largest investment portfolios
in the world. Clients include family offices, registered investment
advisors (RIAs), foundations and endowments, global advisories, banks,
financial services firms and wirehouses. Started by Palantir co-founder
Joe Lonsdale, Addepar was founded to bring trust and transparency back
to the investment industry. Silicon Valley-based Addepar focuses top
software engineers, designers and data experts on solving some of the
most fundamental problems in the finance industry, one of the largest
and most important sectors in the world.
Keep in touch with Addepar
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