Exstream Software relocating to UK's Coldstream Research Campus

One of the world’s fastest-growing technology companies will soon call Coldstream Research Campus home. Exstream Software Inc., which develops, sells and supports enterprise document creation software for Fortune 1000 companies around the world, will relocate its corporate headquarters to the University of Kentucky's Coldstream Research Campus. The privately held company, headquartered in Lexington since 1998, expects to move 150 Lexington-based employees to Coldstream next year.

“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 Kentucky Economic Development Cabinet, 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.”

“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.”

According to Economic Development Cabinet Secretary Gene Strong, the expansion and relocation of Exstream Software to UK’s Coldstream Research Campus in Lexington proves that central Kentucky can provide the right mix of pro-business environment and quality of life needed to ensure the success and continued growth of one of the world’s fastest-growing technology companies.

“This is another example of how Coldstream is providing an important link between the university’s research interests and technology-transfer focus and the business community,” said Wendy Baldwin, UK executive vice president for research.

“Exstream Software will be a cornerstone for future development at Coldstream,” said Coldstream director and UK Associate Vice President for Research and Economic Development John Parks, “Not only will they add to the technology base that is growing at our research campus, companies like Exstream will help attract other high-tech partners.”

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 nation’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.

“This is another of those fascinating success stories of a ‘home-grown’ entrepreneurial company that’s having worldwide impact. Businesses like Exstream Software energize the local knowledge-based economy by offering exciting, high-paying jobs and often fostering other high-tech spin-offs,” said Commerce Lexington Inc. President and CEO Bob Quick.

The new three-story corporate headquarters building will be located next to the Coldstream Center facing Newtown Pike.

“Exstream Software is a welcome addition to the Coldstream Research Campus. Having a company with Exstream’s international reputation will help attract other companies to Coldstream and to Lexington,” said Lexington Mayor Teresa Isaac.

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. For more information, visit the Coldstream Research Campus Web site.

For more information on Exstream Software, visit their Web site.