Oracle Bringing Jobs to North Austin / Round Rock
What does Larry Elison do after pulling one of the biggest comebacks in the history of sports when Team Oracle beat Team New Zealand in the America’s Cup? He comes to invest large sums of money in North Austin, and create jobs. Nice!
Oracle Corp. plans to create 200 jobs in Austin and invest $5.4 million to establish an additional local office.
The Texas Enterprise Fund — which state officials use to further entice big companies to expand here — is providing $1 million to close the deal, state officials said Friday afternoon. They couldn’t provide Oracle’s Texas or Austin workforce levels and the company doesn’t release headcounts.
Executives at the California-based company (NYSE: ORCL) said the jobs will be in sales and marketing. They selected Austin because of the quality workforce and “growth opportunities here.”
Oracle develops hardware and software designed to work together for business needs. The company employs an undisclosed number of workers in Texas, including Austin workers specializing in sales, marketing, management, data center operations and software development, officials said.
In September, Dell Inc. CEO Michael Dell was the keynote speaker at Oracle’s developers conference in San Francisco as Dell tightened it relationship with Oracle by unveiling a new console product.
The Round Rock-based company continues to strengthen its relationship with Oracle, which three years ago enlisted former Hewlett-Packard Co. (NYSE: HPQ) CEO Mark Hurd as co-president. As a result, arch rivals appear to be becoming allies in the fight to remain relevant in the technology industry.
In the server market, Redwood City, Calif.-based Oracle and Dell are pitted against IBM Corp. (NYSE: IBM) and Palo Alto, Calif.-based HP.
Dell has been diversifying with software and networking tools in recent years to offset the business lost in the rapidly shrinking personal computer market.
Larry Elison being so strategic must have been pondering this move for a long time now. It was just a moment of time and we are glad to see that the time has come. This will create an influx of jobs and financial investment in the already strong tech industry of Round Rock and North Austin.
