Oracle is set to move its company headquarters from Redwood City, California to Austin, Texas, according to a report from Bloomberg.
The news comes after another erstwhile Silicon Valley stalwart, Hewlett Packard Enterprise (HPE) announced that it too would be building and moving to a huge campus in Houston. That company already has locations in Austin and Plano, near Dallas.
Oracle said in a regulatory filing that the move from Redwood City to Austin “means that many of our employees can choose their office location as well as continue to work from home part-time or all of the time”. The company will, however, maintain its former headquarters.
"We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work," the company said in the filing.
The coronavirus pandemic has prompted Oracle to offer employees flexible working arrangements and remote working.
The Bloomberg report said that the company has been in the process of moving away resources from California since 2018. That year saw the opening of its Austin, Texas campus that featured employee apartments.
Texas governor Greg Abbott welcomed the company in a tweet. “Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best,” he said.
Oracle is not the only company to be moving to the Lone Star state. Tesla founder Elon Musk is also moving to the state to concentrate on major projects his company is involved with, such as SpaceX. Texas also has a lower cost of living and no state income tax.
-
Westcon-Comstor and Vectra AI launch brace of new channel initiativesNews Westcon-Comstor and Vectra AI have announced the launch of two new channel growth initiatives focused on the managed security service provider (MSSP) space and AWS Marketplace.
-
Third time lucky? Microsoft finally begins roll-out of controversial Recall featureNews The Windows Recall feature has been plagued by setbacks and backlash from security professionals
-
‘DIY’ agent platforms are big tech’s latest gambit to drive AI adoptionAnalysis The rise of 'DIY' agentic AI development platforms could enable big tech providers to drive AI adoption rates.
-
AI agent announcements are a dime a dozen right now – here’s what Oracle thinks it’s doing differentlyNews Oracle’s latest foray into the world of AI agents will leverage the firm’s strength in infrastructure and come at no additional cost to users.
-
Oracle bets on vector search capabilities to drive enterprise AI valueNews Oracle claims its new tool will bring AI “to where the data is,” rather than the other way around
-
NetSuite doubles down on localized AI with UK, EMEA product launchesNews Regional product launches aim to address struggles with ESG reporting and surface more data insights for NetSuite’s EMEA customers
-
Oracle ditches the hype for a straight talking generative AI approachAnalysis Oracle knows it has to box clever in the generative AI race, and its ambitions rest on delivering tangible enterprise use-cases
-
IDC MarketScape: Worldwide supply chain Oracle ecosystem services vendor assessmentWhitepaper In-depth assessment of IT consulting providers supporting supply chain management processes
-
Oracle missed the cloud boat - is it doing the same with AI?Analysis Founder and chairman Larry Ellison says billions will be spent to lure AI companies to Oracle’s cloud, but is it too little too late?
-
NetSuite aims to be a ‘global local solution’, set to double down on automationNews The ERP giant is betting that its all-in approach will lure customers in the uniquely-complex EMEA market
