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Software giant Oracle moving headquarters from Silicon Valley to Austin

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Posted at 4:43 PM, Dec 11, 2020
and last updated 2020-12-11 17:55:20-05

AUSTIN, TX — The software giant Oracle is moving its headquarters from Silicon Valley to Austin.

Texas Governor Greg Abbott broke the news on Twitter Friday.

"Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best," tweeted the governor.

Abbott also issued a statement welcoming the company to the Lone Star State.

“Oracle is a global technology giant with an already strong presence here in Texas, and we are proud to welcome its headquarters to Austin. While some states are driving away businesses with high taxes and heavy-handed regulations, we continue to see a tidal wave of companies like Oracle moving to Texas thanks to our friendly business climate, low taxes, and the best workforce in the nation. Most important of all, these companies are looking for a home where they have the freedom to grow their business and better serve their employees and customers, and when it comes to economic prosperity, there is no place like the Lone Star State.”

No other details about the move were immediately given.

This is a developing story. We will update you as more information becomes available.