Teradata Moving Headquarters to San Diego as Part of Consolidation

Teradata (NYSE: [[ticker:TDC]]), a specialist in data warehousing, business analytics, and consulting services, disclosed this week that it plans to move its corporate headquarters from Dayton, OH, to San Diego by the end of the year.

The move is part of a broader corporate consolidation, according to a June 6 regulatory filing.

Teradata has maintained its engineering and data center research and development in the suburban San Diego community of Rancho Bernardo for more than 20 years. Teradata has roughly 10,000 employees around the world, including more than 1,000 in San Diego and about 300 in Dayton.

According to the filing, the move reflects “Teradata’s ongoing comprehensive business transformation from a data warehouse company to a data analytics platform company.” Many of Teradata’s strategic partners also are based in California, and in its filing, Teradata said the consolidation is intended to make its “decision-making, systems, and processes more efficient,” and  “better align the company’s skills and resources to effectively pursue opportunities in the marketplace.”

In its filing, Teradata said it has not estimated the cost of consolidating its operations in San Diego, but “the company does not expect it will materially change Teradata’s 2018 guidance regarding its free cash flow.”

Teradata has been shifting from its legacy business, which was installing its proprietary software and “hard iron” parallel processing equipment on its customers’ premises, to cloud-based computing, analytics, and business intelligence services. As Teradata’s Oliver Ratzesberger told Xconomy in a 2016 interview, “We are heading full-steam into the cloud.”

At the time, Ratzesberger was the president of Teradata Labs in San Diego, overseeing a broad effort to integrate platforms, unify data, develop more innovative analytics, and to adapt and support open-source initiatives like Presto and Hadoop. A year later, Ratzesberger gained new  responsibilities as executive vice president and chief product officer. In February, Teradata promoted Ratzesberger to chief operating officer.

Teradata was incorporated in the Los Angeles area in 1979, the product of a three-year collaboration between Caltech scientists and Citibank’s advanced technology group to develop a massive database management system based on parallel processing. The company was acquired by Dayton, OH-based NCR in 1991, shortly after NCR was itself acquired by AT&T. Teradata was spun out as an independent public company in 2007.

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.