Oracle Corp. on Thursday unveiled its new 40-acre waterfront campus in southeast Austin.
The 560,000-square-foot facility has room to hold up to 10,000 people and is located on 2300 Cloud Way off Lady Bird Lake. Oracle invested “hundreds of millions of dollars” in the development of the campus, but officials decline to provide exact numbers.
The first employees moved in at the beginning of January but Oracle held an official grand opening for the community on Thursday.
Oracle’s new campus will be home to the company’s newest hub for cloud sales and was developed with attracting top talent in mind, noted Downs Deering, senior vice president of the Oracle Digital group.
In a statement, Oracle CEO Mark Hurd agreed the company was expanding in Austin in an effort “to attract, hire and train the best talent to support the unprecedented growth of our cloud business.”
Currently, Redwood City, Calif.-based Oracle employs about 4,000 people in the state of Texas with about 2,000 to 2,500 based in Austin, according to Deering.
The campus also includes the adjacent 295-unit Azul apartment building for employees and the general public. Oracle owns the apartment building, but a third-party manages it, according to a company spokesperson.
The site also will feature a variety of amenities including a full-service restaurant, Starbucks, food truck court, a fitness center, a beach volleyball and basketball courts, flag football field, B-cycle station and access to Lady Bird Lake hike and bike trail. The campus also will include a training center, game rooms and themed floors highlighting aspects of Austin’s culture including local art, music and murals.
In a statement, Texas Gov. Greg Abbott said Oracle’s decision to invest in expanding in Austin “will elevate the Lone Star State to new heights and expand economic opportunities for all Texans.”
New home for 'really talented folks'
The new campus will largely house cloud sales professionals, including “Oracle Digital Class Of,” a program that hires new university graduates and aims to provide them with significant resources and training, and the ability to develop a successful career path.
“Oracle Digital Class Of” recruits from top colleges across the country. Previously focused on sales and technical resources, the program is expanding to encompass customer success and consulting, Deering said.
Until a few years ago, Oracle tended to hire mid-career professionals. But about seven years ago, the company decided to begin turning to the best college campuses in the country to hire “really talented folks,” according to Deering.
With the new campus, the company is even better equipped to provide better training and the opportunity for new graduates to experiment in different roles within a variety of departments and programs, he added.
“We’re very committed to Austin,” Deering told Crain’s Austin. “It didn’t used to be a destination city for talent but it has certainly grown into one. People want to come here due to the amenities, great weather and natural resources. It is a place where we are looking to grow and this facility is a testament to that.”
Velma Arney, senior director of the BBA and MS programs at the University of Texas McCombs School of Business, said Oracle has been a “great partner” in the past and the new campus will only help broaden the school’s relationship with the company.
As one of the top-ranked business schools in the country, the University of Texas McCombs School of Business is home to about 5,000 undergraduate students, according to Arney.
“We’ve noticed a trend in general where more satellite offices are opening up here because they want to be where the talent is” Arney told Crain’s Austin. “Oracle is investing in the city to expand the opportunities available to students so those who want to stay here can actually stay here.”
The new Oracle campus also is the launch pad for the company’s Next Generation Contact Center (NGCC), which is built on the Oracle Sales Cloud platform and applications running on Oracle’s IaaS. The Oracle Cloud Solution Hub will also be based at the Austin campus, as well as three other locations throughout the country. The hubs are designed to build and showcase innovation projects with and for customers.
Oracle also recently announced that its Startup Cloud Accelerator’s first U.S. residential program will be located in Austin. The program will promote cloud innovation, as well as provide mentoring and Oracle Cloud technology to local startups.