MANCHESTER, NH — You didn’t have to be a soothsayer to predict that the end was drawing near for Oracle’s Manchester operation in the millyard, based on recent restructuring. The company announced it will be closing its Manchester office at 150 Dow St. in January.
The news comes after significant layoffs began in the spring of 2019, and the exodus of top executives and employees. Those who still remain at the Manchester office will be relocated to the Oracle office in Nashua, according to the NH Business Review.
It was just 18 months ago that Oracle held a splashy event following 18 months of reorganization following its acquisition of Dyn for more than $600 million in 2017. Dean Kamen, who was a featured speaker at the event, welcomed new employees — and old — letting them know that they were part of the “new industrial revolution” in the storied Manchester millyard. He marveled then at all the opportunity the brick buildings represented for the city — past, present and future.
“But if we’re going to turn this place into what we all want it to be we’ve got to get to critical mass. Oracle coming out here is a pretty good confirmation that this is the place to be,” says Kamen. “Fact is, this millyard really could be the basis for building for the East Coast — particularly through regenerative medicine and the high tech stuff you guys are doing — what Silicon Valley did for the semiconductor industry, because it was the right place at the right time.”
The 100,000-square-foot building is currently listed as “for lease”.
Kamen continues his work in the millyard with ARMI/BioFab, established in 2017, a public-private partnership funded by an $80 million grant from the Department of Defense and over $210 million raised by Kamen through investors.
Oracle Corporation’s 2019 Annual Meeting of Stockholders is set for Nov. 19, according to the company website.
Oracle’s history at a glance
Oracle arrived in New Hampshire in the1990s, beginning with the Nashua office and expanding to Manchester and Hanover in 2017 with the acquisition of Dyn, Inc.
- The Nashua office is home to developers who work on many of Oracle’s 1,200 software products, customer application support, product engineering, and other general and administrative functions. Oracle is an active supporter of the Nashua Red Cross, Chamber of Commerce, Police Athletic League and Nashua Fire Department.
- Dyn, which Oracle acquired in April of 2017, was incorporated in 2001 at Worcester Polytechnic Institute by four students, two of whom were from Manchester, New Hampshire. In the early 2000s, the company moved to Manchester, New Hampshire after the encouragement of Mayor Bob Baines who had been founder Jeremy Hitchcock’s high school principal.
- In August 2011, Dyn moved to its current location on Dow Street. The location was once home to the Pandora sweater factory and connects Manchester’s industrial past to its digital future. The business expanded from 23,000 square feet to its current footprint of 95,000 square feet. Dyn was a pioneer in cultivating Manchester’s tech ecosystem and continues to host tech events as well as community service activities.
- Since 2001, companies from start-ups to enterprises have used Oracle Dyn’s world-leading Managed DNS, Web Application Security, and Email Delivery services to ensure their website traffic and essential customer communications get delivered faster, more safely, and more reliably than ever. Dyn does all of this by having a robust and redundant network, unrivaled data and analytics and a team focused on engineering excellence and customer success.
- In 2014, Dyn acquired Renesys, a business that monitors, collects, analyzes and correlates Internet routing and performance data which is based in Hanover. This division is staffed by data scientists, for the most case PhDs, who came from Dartmouth College. Their expertise is routinely sought to explain worldwide internet traffic issues.