“With a TEF investment of $3.9 million, Omnitracs is the latest employer to call Dallas home,” Perry said in a statement, “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.”
Omnitracs said Dallas’ role as a major transportation hub and its central location will place the company closer to many of its fleet customers.
The transition is expected to take place in 2015. Omnitracs will retain an office in San Diego.
It is the third San Diego tech firm to be bought by Austin-based Vista Equity Partners and subsequently announce that it is moving to Texas. Websense announced in February that it is moving its headquarters to Austin. Earlier this month, Active Network announced it was moving to Dallas.
Omnitracs is the leading provider of fleet management solutions including software applications, information services, and hardware platforms for private and for-hire truck fleets.
According to Perry’s website, the Texas Enterprise Fund provides the state’s leaders with a “deal closing fund” to attract new business to the state or assist with the substantial expansion of an existing business.