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Major tech company may be bringing jobs to San Antonio

Major tech company may be bringing jobs to San Antonio story image

The world’s second largest software maker is eyeing San Antonio! Plus, are you tired of seeing meager raises? This year may be different.

Fox San Antonio

Tech giant Oracle could be bringing 200 jobs to the area over the next two years, as well as a new development center. The plans are contingent on the San Antonio City Council's approval of a million-dollar grant for the company. In addition, the Bexar County Commissioners will consider Oracle’s application for an economic development grant.

The company specializes in developing and marketing computer hardware systems and enterprise software products - particularly its own brands of database management systems. Oracle is the second-largest software maker by revenue, after Microsoft.

Oracle already employs workers in Texas and plans to add finance and contractual support service positions in San Antonio.

Click here to view Oracle’s current employment opportunities…

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Hillshire Brands is buying Pinnacle Foods, whose brands include Duncan Hines and Aunt Jemima, in a cash-and-stock deal valued at approximately $4.23 billion. Hillshire Brands' roster of brands includes Jimmy Dean meats and Sara Lee frozen bakery goods. The combined company will use the Hillshire Brands name and be based in Chicago.

Each share of Pinnacle Foods Inc. common stock will be exchanged for $18 in cash and 0.50 shares of Hillshire Brands Co. common stock. The companies say the implied purchase price is $36.02 per share. That's an 18 percent premium to Pinnacle's Friday closing price of $30.45. The companies put the deal's total value at about $6.6 billion, which includes Pinnacle's outstanding debt.

Both companies' boards unanimously approved the acquisition, which is expected to close by September. Read more…

Major tech company may be bringing jobs to San Antonio
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