Exstream Software Breaks Ground At Future Site Of World Headquarters
Governor Ernie Fletcher joined University of Kentucky President Dr. Lee Todd, local officials, and representatives from Exstream Software, in Lexington late July to break ground on the future world headquarters facility for one of the world’s fastest-growing technology companies. Exstream Software Inc., based in Lexington since 1998, develops, sells and supports enterprise document creation software for Fortune 1000 companies around the world. The company has expanded its operations and is relocating to the University of Kentucky's Coldstream Research Campus to accommodate its growth.
“The campus environment at Coldstream is ideal for our world headquarters,” said Davis Marksbury, president and CEO of Exstream Software. “We are a rapidly growing company with an exceptionally talented employee pool and customers in 22 countries around the world. Our goal is to provide a world-class environment for our customers and Lexington-based employees – which will number around 250 in a few years. And our company will add an estimated $40 million to $50 million a year in economic impact to the Lexington area. As a Lexington native and UK alumnus, I am thrilled we can make this commitment.”
The privately held company expects to move 150 Lexington-based employees to the new three-story corporate headquarters building in Coldstream next year. The company has added 48 new jobs (26 in Lexington) since December 2005 and expects to continue that pace for the next few years.
“The focus of my administration has been creating economic opportunities that result in higher quality, well-paying jobs for the citizens of the commonwealth,” said Governor Fletcher. “Exstream Software’s tremendous growth and success in Lexington demonstrates central Kentucky's ability to provide the quality of life that attracts a highly skilled workforce for high-tech companies. This beautiful setting at UK's Coldstream Research Campus further emphasizes the critical role that education plays in building our future economy."
Exstream markets its industry-leading enterprise document personalization software, Dialogue™, to companies around the world in the financial services, banking, insurance, health care, utilities, telecommunications, hospitality, retail, government, and other industries. The company has more than 400 customers, including such well-respected enterprises as Merrill Lynch, AT&T, Fidelity Investments, Aflac, FedEx, HSBC, Allstate, Humana, State of New York, Carnival Cruise Lines, and many others. Ranked among the world’s fastest-growing technology companies, Exstream continues to expand international operations, with direct sales and services offices in the United States, the United Kingdom, France, Germany, the Czech Republic, Norway, and Australia.
“Exstream Software is the type of company that a Top 20 public research university needs at its research campus,” said UK President Lee T. Todd Jr. “I am pleased UK was able to partner with the Cabinet for Economic Development, Lexington-Fayette Urban County Government, and Commerce Lexington to make sure one of the region’s most innovative, entrepreneurial companies remained in the Bluegrass. Exstream Software is a tremendous Kentucky success story. Led by CEO and UK alumnus Davis Marksbury and Exstream co-founder and chief technology officer Dan Kloiber, Exstream is precisely the type of company that will succeed in the global, 21st century marketplace.”
Coldstream is currently home to 35 tenants with 815 employees. Corporate tenants include IBM, IDEXX Veterinary Services and Lexel Imaging Systems. UK research centers at Coldstream include the Livestock Disease Diagnostic Center, the Center for Aluminum Technology, the Interdisciplinary Human Development Institute, and the College of Pharmacy’s $17 million Center for Pharmaceutical Science and Technology.
The Kentucky Economic Development Finance Authority preliminarily approved Exstream Software for tax benefits up to $2,242,900 under the Kentucky Jobs Development Act (KJDA), a tax incentive program designed to increase service- and technology-related employment in the commonwealth. |
