Alteryx users are getting younger, CEO Dean Stoecker tells our Kevin Costelloe (see his front-page story). And their use of the Irvine firm’s analytics software clearly isn’t used just to make money, he said last week.
Recent customers include “a 6-year-old who was curious, and she wanted to know what her cat did all day,” Stoecker said last week. “So they tied a Fitbit to the cat’s collar and they tracked the activities of the cat,” using a workflow whose data was read and interpreted by Alteryx.
The result: the young data engineer—an emerging type of position Stoecker said will become vital for business going forward—knew when the cat was resting, playing, and eating.
Did Alteryx, now valued at nearly $10 billion, use its own software to negotiate a good lease at Spectrum Terrace? The data suggests so; its initial monthly rent at the new, high-end office development starts at $3.30 per square foot, a recent SEC filing indicates.
That’s some 7% below the going rate for high-end office space in South OC, brokerage data indicates.
Rents will reach market-average rates in the third year of the lease, documents show.
Stoecker was a new addition to our OC’s Wealthiest list last year; a pair of longtime entries on our annual listing made some news of their own last week.
Ron Simon’s Simon Scholars Program, which assists students in high school who are facing difficult circumstances to excel academically and socially, through scholarships that run through college, has a new backer: David Sun, co-founder of Fountain Valley computer-related memory products giant Kingston Technology.
His Sun Family Foundation said it will commit $1.75 million annually to expand the reach of the Simon Scholars Program to eight new high schools and 65 additional students.
This brings the total number of Simon Scholars in Southern California to more than 190 students each year across 22 high schools.
This week’s Banking Special Report (see page 19) documents its share of change over the past year: note the rapid growth of Nano Banc in our front-page story, and the impending acquisition of Irvine’s Opus Bank (No. 11 on this week’s list of the area’s largest commercial banks) by crosstown rival Premier Pacific Bank (No. 9), among others.
More change seems likely next year; talk is that Opus founder Stephen Gordon, who left that bank in 2018, has another venture in the works.
It will no doubt be well capitalized. According to Opus’ latest proxy issued last March, Gordon owned 1.6 million shares, or 4.4% of the bank, reports our Peter J. Brennan.
If Gordon held onto them, those shares are now worth about $44 million as of last week’s close.
The shares of Opus rose about 24% during the nine months that turnaround expert Paul Taylor worked as CEO before agreeing to selling it to Pacific Premier.
Gordon was gracious about the sale of the bank he started in 2010, telling the Business Journal earlier this month that he was “incredibly proud of the team’s passionate effort.”
