Active Network, which makes recreational software for golf courses, camps, and the like, announced today (July 3) that it is moving its headquarters from Sorrento Valley to Dallas, Texas. In a news release, Texas officials gave credit to the Texas Enterprise Fund, which subsidizes companies that move to the state.
In trying to recruit companies, Texas touts the fact that it has no corporate income tax or individual income tax. However, it has a gross receipts tax, a sales tax, and property taxes. The state boasts that its 7.48 percent tax burden in 2011 was the fourth lowest of 50 states.
Active Networks is owned by Vista Equity Partners, a private equity firm that is based in Austin, Texas. Earlier this year, Vista moved an operation of Active to Texas.
Active Networks issued a news release that omitted the critical information, such as how many employees the company has, how many will move to Texas, and how much of a subsidy the company will get from the Texas Enterprise Fund. My attempt to get that information was fruitless.
The supposed spokesman, Kathy Bricaud, was not available and did not respond to requests for a callback. I also did not get callbacks from Darko Dejanovic, chief executive; Jeff Lambert, chief legal officer, and Greg Ingino, chief information officer. Sejal Pietrzak, chief administrative officer, refused to address questions and said I must call Bricaud. If I learn more I will update this.