Vignette Consolidates Into Barton Skyway II

AUSTIN-Vignette Corp. has almost moved itself out of Barton Oaks Plaza III, the building that served as its corporate headquarters. The company, in an effort to save money, is consolidating its offices in Barton Skyway II, just down MoPac Expressway.

Both buildings are in the southwest submarket.

“To reduce costs and become more efficient. That is the primary reason we’re making these moves,” Maury Lane, a Vignette spokesman, tells GlobeSt.com.

One of the upshots is that many employees, used to their own offices, are now sharing space.

Vignette moved into the 121,000-sf Barton Oaks building in 1998 when it was rapidly growing. Its previous offices had been at Far West Plaza I in the northwest submarket. Ford Alexander of the Austin office of Colliers Oxford Commercial has represented the Vignette in its moves.

Four-story Barton Skyway has 195,970 sf. Vignette shares the building with Landmark Graphics Corp.

The slowing economy has hurt the company, which makes large-scale software that helps its clients manage their Web content, as it has most other technology companies. Through the first three quarters ended Sept. 30, Vignette posted a net loss of $561 million on revenues of $244 million. Its shares have rebounded to the $6 range after hitting a low of $3.08 on Sept. 27. About a year ago, Vignette’s stock stood at $27.13 per share. Beginning in January, the company has made several rounds of job cuts.

Prentiss Properties, based in Dallas, owns the Barton Oak and Barton Skyway buildings.