Get breaking news alerts via email

Click here to manage your alerts
(Leah Hogsten | The Salt Lake Tribune) Xactware Solution's Inc. employees (from left) Brandon Harding, Brian Carroll, Scott Parkin and Michael Gratzinger take their turns shoveling dirt at a recent groundbreaking for the company's new office building in Lehi.
Software company breaks ground for new HQ in Lehi
Tech » Xactware got tax incentives to add hundreds of workers over next 20 years.
First Published Aug 23 2012 07:08 pm • Last Updated Aug 23 2012 09:37 pm

Xactware Solutions Inc., the Utah County-based technology company that produces management software for building and remodeling professionals, broke ground Thursday on its new headquarters in Lehi.

The 210,000-square-foot facility near Timpanogos Highway in the Traverse Mountain Business Park is expected to be completed in early 2014. The building will include a data center, beach volleyball courts, basketball courts and a fitness center.

Join the Discussion
Post a Comment

President and CEO Jim Loveland said the company hopes to hire as many as 40 more employees by the end of the year — adding to its base of 460 — and eventually grow to a thousand workers.

"This is a definite ‘wow’ moment when I think about my dad and having him start this business in 1986 out of the basement of his house with one salesperson," Loveland said at the groundbreaking, which included Gov. Gary Herbert.

Xactware develops computer and mobile software that helps in calculating building and repair costs.

Company officials say their products are used by about 80 percent of insurance repair contractors. Nineteen of the top 25 property insurers in the country use Xactware’s software for estimating structural repair costs. The company processes more than 14,000 claims files each day.

"We are very excited that Xactware has decided to come to Lehi," Lehi Mayor Bert Wilson said in a statement. "We are building our own little Silicon Valley out here, and we are thrilled to have yet another high-tech business come to our city. The employees Xactware brings are nothing but high-caliber."

Xactware is a subsidiary of New Jersey-based Verisk Analytics, which offers risk assessment services.

In May, the state of Utah gave the Orem-based software maker $32.3 million in tax incentives on the promise it would hire 860 workers over the next two decades.

story continues below
story continues below

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.