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Oracle Moves Headquarters to Texas

by Bioreports

Oracle Corp. said it has changed its corporate headquarters to Austin, Texas, the latest high-profile defection from Silicon Valley.

The company and its founder and chairman, Larry Ellison, are pillars of the Bay Area. Oracle’s name adorns the stadium home of pro baseball’s San Francisco Giants. Mr. Ellison is known for his lavish homes in the region.

Oracle, which was founded in Santa Clara, Calif., in 1977, most recently had its headquarters up the road in Redwood City. The software giant and Silicon Valley stalwart said the relocation was part of an effort to have a more flexible approach to its workforce.

It wasn’t immediately clear what Oracle’s decision means beyond having a new address for its headquarters. The company said it had no plans to move staff from its existing headquarters to Austin, and Oracle’s state tax bill makes up only a small portion of its overall expenses.

Oracle joins others in moving some operations away from 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, and company co-founder Joe Lonsdale, a venture capitalist, moved to Austin.

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