Wednesday, February 12, 2014
Texas Looks To Steal Away Another San Diego Company, Omnitracs
It looks like Texas is playing to win, as the state apparently is in a deal to steal away, Omnitracs, the former Qualcomm GPS fleet management and software division -- taking with it at least 1,000 jobs. According to reports, Omnitracs is in the midst of negotations to move its operations out of San Diego, and to Austin, following the recent sale of Omnitracs by Qualcomm to private equity firm Vista Equity Partners. If the deal goes through, the company will be the second Vista Equity owned company in San Diego to move to Austin, after the move last week of computer security software WebSense--also owned by Vista Equity. That earlier move spawned speculation that two other San Diego companies -- Omnitracs -- and Active Network, also owned by Vista Equity, are looking at relocating.