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Yet another tech company is moving from California to North Texas – and this one is publicly traded.
Dasan Zhone Solutions (Nasdaq: DZSI), a provider of technology to the telecommunications industry, said Monday it will be shifting its headquarters from Oakland to Plano. The company also will open a new “Engineering Center of Excellence” in Plano.
DZS, which has more than 700 employees, will keep a presence in the Silicon Valley.
With Plano, DZS has the opportunity to reduce operating costs, it said. It also provides good access to customers and software engineers.
DZS is part of the growing march of companies moving their headquarters out of California as many seek lower costs, a more business-friendly climate and other advantages. The transitions are bringing well-known businesses, such as Charles Schwab and McKesson, while smaller players have shifted as well.