Xactware celebrates new Lehi headquarters with a bang
Rep. Jason Chaffetz, R-Utah, Xactware CEO Jim Loveland, Governor Gary Herbert, and others perform the ribbon cutting ceremony for the new Xactware building in Lehi on Thursday, May 15, 2014. SPENSER HEAPS, Daily Herald
Employees gather for the ribbon cutting ceremony for the new Xactware building in Lehi on Thursday, May 15, 2014. SPENSER HEAPS, Daily Herald
Streamers fall from the sky at the ribbon cutting ceremony for the new Xactware building in Lehi on Thursday, May 15, 2014. SPENSER HEAPS, Daily Herald
Jim Evans, COO and Senior Vice President of Xactware and mayor of Orem, speaks at the ribbon cutting ceremony for the new Xactware building in Lehi on Thursday, May 15, 2014. SPENSER HEAPS, Daily Herald
LEHI — Twenty confetti cannons shot metallic blue and silver streamers into the sky simultaneously as 50 homing pigeons flew into the air, capping Xactware’s inaugural ceremony for its new corporate headquarters.
The May 15 celebration was also Xactware CEO and President Jim Loveland’s birthday.
“I couldn’t think of a better thing to do on my birthday than to have a really fun ceremony to celebrate this beautiful new building and to give you a chance to see this new building,” Loveland said.
Construction on the new building, located east of Traverse Mountain Business Park, began in October 2012 and was completed in February before schedule and under budget.
Located in Orem for more than 20 years, Xactware decided to move its campus to the northern slopes of Lehi with its panoramic views of Utah Valley. The LEED-certified complex includes a fitness center, outdoor courts for basketball and volleyball, an indoor bike storage area, an outside pavilion and a parking structure.
“I’m totally amazed,” said Lehi Mayor Bert Wilson. “I am just thankful for such a great company coming to Lehi.”
Founded in 1986 by Loveland’s father, James Loveland, Xactware is a technology niche for property insurance, remodeling, restoration, and mortgage and lending industries; and provides products that are tools for claims estimating, contents replacement, claims management and property maintenance solutions for desktop, mobile and online platforms.
The company began in the family’s basement. There are now 550 employees who are on the payroll with benefits, and room in the 210,000-square-foot building for twice that number. According to an Xactware press release, approximately 80 percent of insurance repair contractors and 22 of the nation’s 25 largest insurers use Xactware’s property claims solutions.
“One of my dad’s favorite sayings … was ‘Xactware was the best little company you never heard of.’ Back in the day, that was true,” Loveland said. “But let me tell you something — today this is the best local company that you have heard of.”
As part of the celebration, it is also Xactware’s Founders Week. Each day, the employees have worked in shifts of approximately 50 people to serve on projects in surrounding communities. Xactware took on two projects in Lehi — landscaping the Lehi Outdoor Pool Park, and landscaping and cleaning the Lehi Cemetery.
“If there is a business in town that has done more than Xactware, I don’t know who it is,” Wilson said.
He added, perhaps joking, that Lehi is now the center of the universe for what’s happening globally, including its business and population growth.
Continuing along that line of thinking, Gov. Gary Herbert, who was on hand for the celebration, said the state wants to be a contender globally for the economic market.
“See these slopes? This is just like Silicon Valley, and we have better skiing,” Herbert said.
According to the governor, Utah has the third-most diversified market economy in America.
“We want to become the best state in the nation,” Herbert said.