Silicon Valley giant Oracle has announced plans to relocate its headquarters to Austin, Texas. The move is part of a corporate exodus out of California and into more business-friendly states like Texas. Oracle quietly announced the move through an SEC filing late last week, rather than a formal release.

Oracle moved into its current headquarters office in 1989, but it has been shopping for a new location for several years. It opened its Austin office campus in 2018. The campus includes an onsite apartment complex and is able to support up to 10,000 employees at one time. Last year, Oracle announced that it planned to leave Silicon Valley and was considering a new location in Las Vegas.

Several companies are making the same decision. Hewlett Packard Enterprise plans to relocate from the Silicon Valley area to Houston, Texas, and Palantir Technologies moved its headquarters from Northern California to Denver this year. Overall, California companies are looking for alternative markets. Tesla and SpaceX, which are based in Southern California, are in the process of moving to Texas as well.