Item 2. Properties
Item 2. Properties
During 2019, we initiated a plan to consolidate and reduce the number of our facilities worldwide. This included plans to provide a new customer experience center for product demonstration and training, relocate and consolidate our laboratories, server farms and Cloud service infrastructure and condense research and development, sales, marketing, business operations and administrative functions into our new Plano campus. In February 2021, we relocated our corporate headquarters to our new
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facility in Plano, Texas.
We also lease smaller (under 50,000 square feet) office space in various countries around the world for sales, marketing, research and development/engineering, and customer services and support staff, as well as for warehouse purposes. We are exiting certain of these facilities. We believe our remaining facilities will be adequate for our current needs and that suitable additional space will be available as needed.
As of December 31, 2021, we maintained the following principal facilities:
Location Principal use Lease expiration
Plano, Texas Corporate headquarters, sales, marketing, research and development/engineering, customer support, general and administrative September 2032
Plano, Texas (a) Research and development/engineering, customer support February 2022
Westford, Massachusetts Research and development, customer support, general and administrative February 2022
Research Triangle Park, North Carolina Research and development/engineering, sales, customer support, general and administrative April 2027
Ottawa, Canada (b) Research and development/engineering, customer support, general and administrative December 2029
Petah Tikva, Israel (c) Research and development/engineering, sales, service October 2023
Petah Tikva, Israel (b) Service, research and development/engineering, general and administrative October 2023
Bangalore, India Research and development/engineering, customer support, general and administrative October 2024
Bangalore, India Research and development/engineering, customer support, general and administrative December 2023
(a) The Company's relocation of this facility's operations to the Plano corporate headquarters facility was completed in the first quarter of 2021.
(b) A portion of this facility was not in use at December 31, 2021 and is currently being subleased as part of a restructuring initiative.
(c) A portion of this facility was not in use at December 31, 2021; a portion of this unused space is currently being subleased as part of a restructuring initiative that covers the entire unused space.
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