Data analytics company Teradata, which employs more than 1,000 people at its Rancho Bernardo campus, is moving its corporate headquarters from Dayton, Ohio, to San Diego.
In a June 6 filing with the U.S. Securities and Exchange Commission, Teradata (NYSE: TDC) announced it had approved a plan to relocate its headquarters to San Diego by the end of 2018. The Dayton office is slated to close once the transition is complete.
The company said the move will better position Teradata for success in its overarching business strategy to transform the company, which made its name as a provider of “data warehouses” – massive hardware that stored computer information – to a provider of data analytics.
While the news is a blow for Dayton, where Teradata employs about 300 people, many in highly paid positions, the majority of Teradata’s operations have been housed at its San Diego offices since the 1990s. Recently the company has been hiring aggressively in the area for positions at that office complex. Most of the Dayton-based employees will be provided the opportunity to relocate.
And the company's leadership team is primarily based out of the Rancho Bernardo site, too. Executives there include Oliver Ratzesberger, who Teradata tapped as its first chief operating officer earlier this year, and Martyn Etherington, its first chief marketing officer. So are Suzanne Zoumaras, chief human resources officer, Eric Tom, chief revenue officer, and Dan Harrington, executive vice president of customer support and services.
CEO Vic Lund is based in Salt Lake City, but visits San Diego frequently.
In the SEC filing, Teradata said is didn’t yet have estimates for the costs associated with implementing the change.
“However, given the anticipated timing of the expected cash expenditures, the company does not expect that Teradata’s 2018 free cash flow guidance will be materially impacted,” it said.
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