Friday, July 18, 2014
Omnitracs moving headquarters, 450 jobs, to downtown Dallas
Fleet management software company Omnitracs LLC will relocate it headquarters to Dallas from San Diego, creating 450 jobs and $10 million in capital investment, Gov. Rick Perry’s office announced Friday.
Omnitracs is the latest in a wave of California relocations to North Texas announced this spring and summer.
The Texas Enterprise Fund is providing a $3.9 million incentive to attract Omnitracs. The new headquarters will house jobs in a variety of high-paying fields, including engineering, research and development and finance.
Omnitracs provides fleet management solutions for the trucking industry. Its services include software applications, GPS fleet tracking, platforms and information services.
“Our new headquarters in downtown Dallas will situate us much closer to many of our fleet customers and provides convenient access by air to virtually all of our clients,”John Graham, CEO of Omnitracs, said in a statement. “This is an exciting time in the evolution of our growing business and we look forward to the many opportunities associated with this new location.”
Dallas Mayor Mike Rawlings said he was “thrilled” to welcome Omnitracs to a growing list of technology companies moving their headquarters or other significant operations to Dallas.
“Dallas is an ideal location for companies seeking a booming economic climate and a talented workforce," Rawlings said. "We think Omnitracs will fit right in.”
Earlier this month, Active Network LLC announced plans to move 1,000 jobs, with average salaries of $72,000 a year, to downtown Dallas. That move is expected to bring $13 million in capital investment, according to estimates from Perry’s office.
Active Network was bought last year by Vista Equity Partners, a San Francisco-based private equity firm with offices in Austin and Chicago. Vista Equity also owns Omnitracs.
Vista has a reputation for moving California businesses to Texas and earlier this year relocated cyber-security software firm Websense to Austin. That move, coupled with Active Network’s move to downtown Dallas, sparked speculation in the business community that Omnitracs would follow Omnitracs to Dallas.
The state will give Active Network $8.6 million in incentives from the Texas Enterprise Fund for its relocation. Toyota, which announced its U.S. headquarters move from Torrance, California, to Plano in April, received a whopping $40 million from the TEF. The city of Plano threw in an additional $6.75 million to woo the Japanese automotive titan to town.
Perry took the Omnitracs announcement as an opportunity to again tout Texas for its “low taxes, smart regulations, fair courts and skilled workforce.”
“Omnitracs is the latest employer to call Dallas home, creating hundreds of jobs in the area and pumping millions in capital into the local economy,” Gov. Perry said in a statement.
Bill Hethcock- Dallas Business Journal