austin-company-relocates-to-north-texas-what-you-need-to-know

E2open Relocates Headquarters to North Texas

E2open, a prominent Austin-based technology company specializing in supply chain management software, has recently made a significant move. The company shifted its headquarters to North Texas, specifically to Addison, marking a pivotal change in its operations.

Behind the Move

This transition, effective as of September 16, 2024, was disclosed in an October securities filing. E2open, with a staggering market capitalization of nearly $800 million on the New York Stock Exchange, has chosen the Dallas area as its new home base. Despite multiple attempts to obtain a comment from the company, they have remained silent on the matter.

Office Location and Growth

Currently situated at Greenhill Towers, located near the Dallas North Tollway, E2open’s relocation has brought them closer to the bustling business hub of Addison. The company’s business personal property value at this location has seen a substantial increase, indicating significant upgrades to the office space.

Company Overview and Future Plans

Founded in 2000, E2open offers supply chain software solutions for companies engaged in the movement and sale of goods and services. With a vast network connecting over 480,000 manufacturers, logistics, and distribution entities, E2open tracks more than 16 billion transactions annually. Following a move to Austin in 2015 and a subsequent public listing in 2021, the company continues to expand its operations.

As for the future, E2open’s plans for growth in Addison remain ambiguous. With a global workforce of 3,916 employees, primarily concentrated in the Asia-Pacific region, the company’s Chief Financial Officer, Marje Armstrong, revealed intentions to optimize office space and adapt to post-Covid work policies.

The relocation of E2open’s headquarters to North Texas not only solidifies its presence in the region but also underscores the area’s appeal to major corporations seeking a strategic business location. This move adds E2open to the growing list of public companies choosing the Metroplex as their base, contributing to the region’s vibrant business landscape.