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Exec: No plans to move Teradata

The company, spun off by NCR in 2007, has not signaled an intent to move from Miami Twp.

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By John Nolan and Tim Tresslar
Staff Writers Updated 7:21 AM Wednesday, June 3, 2009

MIAMI TWP., Montgomery County — Michael F. Koehler, Teradata Corp.’s president and chief executive officer, works in Atlanta, the same area where Teradata’s former parent company, NCR Corp., plans to move its headquarters by the end of 2010.

But Teradata, which split off from NCR in September 2007 as an independent company, has given no indication in recent filings with the U.S. Securities and Exchange Commission that it plans any similar relocation of its corporate headquarters.

NCR, a Dayton corporate pillar for more than a century, announced on Tuesday, June 2, that it will relocate its headquarters to Duluth, Ga., and establish a new North American manufacturing plant in Columbus, Ga.

Asked whether Teradata is comfortable with keeping its headquarters in the Dayton area for the foreseeable future, company spokesman Mike O’Sullivan said, “Yes.”

Lt. Gov. Lee Fisher said he contacted Bruce Langos, chief operating officer of NCR spinoff Teradata and former NCR senior vice president. Fisher said Langos assured him that Teradata had no plans to leave Dayton.

Fisher said Langos told him “Lee, we have an office in Atlanta, but Dayton and Ohio is a great place to work and raise a family.”

Fisher said Langos went on to say they have no intentions of relocating the company.

James M. Ringler, chairman of Teradata’s board of directors and a former NCR board member and interim chief executive officer, referred comment to Teradata when called at his Lake Forest, Ill., home for comment.

“It’s not a good day for corporate headquarters,” said Mark Fornes, president of Mark Fornes Realty Co., a commercial real estate services company in Dayton. “But we still have Teradata based here, and they are doing well.”

Greg Hanahan, administrator of Miami Twp., said he has heard nothing unusual from Teradata in his recent conversations with the company. Its presence helps the township to try and attract other high-tech companies — and its employees spend money locally, Hanahan said Tuesday.

“They shop here, they dine here,” he said.

Teradata operates in more than 60 countries. It employs about 400 people in the Dayton area and more than 5,000 worldwide. Along with its Dayton-area headquarters, it has major operations in the San Diego and Atlanta areas, along with offices across the Americas, Europe, Middle East, Africa and the Asia-Pacific region.

Teradata’s shares (NYSE: TDC) closed on Tuesday at $22.95, up 26 cents. It has been as high as $27.16 during the past year.

The company’s nearly 1,000 customers include airlines, banks, telecommunications companies, retailers, and package and freight companies. Its specialty, data warehousing, is the process of capturing, storing and analyzing data through a system called an enterprise data warehouse for improved business insight.

The company, which describes itself as the world’s largest company focused solely on data warehousing and enterprise analytics, had a profitable first quarter despite the slump in U.S. and global economies. Teradata reported net income of $45 million, or 26 cents per share, for the three months ended March 31, up from $42 million and 23 cents per share a year earlier.

Koehler accompanied those earnings by saying: “Teradata is off to a good start for 2009. I am pleased with our performance in both generating revenue and managing costs in this difficult economy.”

Staff writer Tim Tresslar contributed to this story.

Contact this reporter at (937) 225-2242 or jnolan@DaytonDailyNews.com.

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