Omnitracs LLC is moving its head office from San Diego to Dallas with $3.9 million worth of help from Gov. Rick Perry’s Texas Enterprise Fund.
The business provides fleet management solutions — both hardware and software — to transportation and logistics companies. Qualcomm Inc. sold the business to Vista Equity Partners for $800 million, completing the sale in November.
The move will create 450 jobs in Dallas, Perry’s office said in a statement.
Omnitracs will retain its San Diego office for continued market presence, the company said.
Having its headquarters in downtown Dallas will place the company closer to many of its fleet customers, CEO John Graham said in a statement.
The business plans to move in early 2015.
Omnitracs has almost 700 employees. It was not immediately clear how many employees San Diego would lose in the move.
The tech firm is the third San Diego business to be bought by 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. Vista Equity has offices in San Francisco, Chicago and Austin, Texas.
Omnitracs was Qualcomm's first successful business, helping the San Diego corporation as it worked to popularize its code division multiple access chip line.