Texas invests $8.6 million in cloud-based software company
Aided by $8.6 Million TEF Grant, Active Network Relocates Company Headquarters to Dallas
Gov. Rick Perry has announced a Texas Enterprise Fund investment of $8.6 million in Active Network, LLC, which is relocating its headquarters from San Diego, California, to Dallas, creating 1,000 jobs and $13 million in capital investment.
“Texas’ strong job creation climate has allowed our economy to grow, attracting high tech companies, investment and jobs in Texas,” Gov. Perry said. “This TEF investment is another example of Texas’ growing stature as a tech leader, and will further strengthen Dallas’ growing economy.”
Active Network specializes in cloud-based software that helps its customers manage and operate various activities, events and organizations. Active Network’s relocation to Dallas will bring jobs in a variety of fields, including engineering, research and development and administration.
“With the creation of a state-of-the-art global headquarters in downtown Dallas, Active Network will strengthen our ability to drive innovation, share best practices, and support our culture of excellence,” said Active Network CEO Darko Dejanovic. “We see Dallas as an opportunity to centralize our location as we expand globally, recruit great talent, and increase our operational excellence. We look forward to working with the city of Dallas, the Dallas Regional Chamber, and the state of Texas in building the next chapter in our company’s history.”
“Thanks to a solid partnership with the Texas Enterprise Fund and Governor’s Office of Economic Development, the city of Dallas was able to recruit an outstanding company that is making a considerable commitment to both Dallas and Texas,” Dallas Mayor Mike Rawlings said. “Active Network will be a welcome member to our growing economy that is creating many highly skilled technology jobs.”
The Legislature created the TEF in 2003 and reauthorized funding in 2005, 2007, 2009, 2011 and 2013 to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive tools to recruit and bolster business.
To date, the TEF has invested more than $560 million and closed the deal on projects generating nearly 74,800 new jobs and over $24 billion in capital investment in the state.
