Software Giant Oracle Is Relocating to Austin
The second largest software company in the world is relocating its company headquarters to Austin from California.
Oracle announced the move late last week. According to the Austin American-Statesman, the company already has about 2,500 employees who live in Austin.
Oracle did not provide a timeline of the anticipated move. The current company headquarters is located in Redwood City, California.
In a statement, Gov. Greg Abbott welcomed Oracle's relocation to Texas and credited the state's business-friendly climate, low taxes and strong workforce for what he called the "tidal wave" of businesses relocating to Texas.
In July, Tesla announced it would be building a massive manufacturing facility in the Austin area that would bring about 5,000 jobs to the area.
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