Omnitracs Plans Move to Dallas in 2015
Trucking technology-supplier Omnitracs said it plans to relocate its corporate headquarters to Dallas from San Diego in early 2015.
The company, which sells onboard computers and other systems, said the move to Dallas will enable it to capitalize on the region’s “substantial” transportation infrastructure and logistics expertise.
“As a major transportation hub with a technology-savvy workforce, we believe Dallas offers great advantages that align with our long-term business vision,” CEO John Graham said in the July 18 announcement. “Our new headquarters location places us closer to many of our fleet customers to ensure we can quickly and efficiently meet their evolving mobile-technology needs.”
Graham also said the new location will allow Omnitracs to centralize its operations and better serve a growing multi-national customer base.
The company said it will retain its location in San Diego. It also will keep its location in Baltimore, where subsidiary Roadnet Technologies Inc. is headquartered.
Texas Gov. Rick Perry said in a statement that Omnitracs’ move to Dallas will bring 450 jobs to the area and add $10 million in capital investment to the local economy.
“Employers of all sizes and from all industries know that Texas’ model of low taxes, smart regulations, fair courts and skilled workforce provide the best chance for their success now and well into the future,” Perry said.
He said Omnitracs’ move will be supported by a $3.9 million grant from the Texas Enterprise Fund, which was created by the state Legislature in 2003 to support business growth and create jobs.
“We are thrilled to welcome Omnitracs to the growing list of technology companies choosing to make Dallas their home,” Dallas Mayor Mike Rawlings said in Omnitracs’ announcement.
Omnitracs’ corporate relocation will mark yet another major development at the company since Vista Equity Partners purchased the business from Qualcomm Inc. in November for about $800 million.
In the months following that transaction, Omnitracs has assembled a new executive team led by CEO Graham.
The company also acquired Roadnet, which offers its route-planning and fleet-management software primarily to the private-carrier market. That transaction closed in December.
Omnitracs’ parent company, Vista, maintains a nearby office in Austin, Texas; as well as offices in Chicago and San Francisco.
|By Seth Clevenger|
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