Oracle Moves Corporate Headquarters to Austin, Texas -- Update
By Aaron Tilley
Oracle Corp. said it has changed its corporate headquarters to
Austin, Texas, the latest high-profile defection from Silicon
The database company and a Silicon Valley stalwart said the move
was part of a wider effort to have a "more flexible employee work
Oracle was founded in Santa Clara, Calif. In 1977 and most
recently had its up the road in headquarters in Redwood City.
The database company and its founder and chairman Larry Ellison
are pillars of the Bay Area. Oracle's name adorns the stadium home
to the San Francisco Giants. Mr. Ellison is known for his lavish
homes in the region.
Oracle joins others in leaving the region that for decades has
been synonymous with America's tech industry.
Hewlett Packard Enterprise Co. earlier this month said it was
moving its headquarters to the Houston area.
Palantir Technologies Inc., founded in the Bay Area in 2003,
moved its headquarters to Denver this year. Palantir co-founder Joe
Lonsdale, a venture capitalist, moved to Austin this year.
Write to Aaron Tilley at email@example.com
(END) Dow Jones Newswires
December 11, 2020 17:46 ET (22:46 GMT)
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