Xactware's Ribbon Cutting Ceremony - Lehi

Xactware Cuts Ribbon for New Traverse Mountain Headquarters

State officials, local community leaders praise company for success, community involvement

 — May 19, 2014 — 

State officials, community leaders, construction professionals, local residents, and hundreds of company employees gathered Thursday afternoon as Xactware hosted the ribbon-cutting ceremony for its new Traverse Mountain headquarters.

Utah Gov. Gary R. Herbert, Rep. Jason Chaffetz, and Lehi Mayor Bert Wilson, were among the government officials who attended the historic event. Music was provided by the American Fork High School jazz band.

Xactware President and CEO Jim Loveland reflected on the company’s history and said its growth is due in large part to Xactware employees.

“I appreciate the great employees we have here at Xactware,” he said. “We have some of the best employees in the world working for us here and working toward growing our business and continuing to have the great success that we’ve had as a company.”

Founded in 1986, Xactware specializes in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries. Xactware’s tools provide claims estimating, contents replacement, claims management, and property maintenance solutions for desktop, mobile, and online platforms. Xactware’s services include repair cost research and reports, aerial imagery and data, and real-time business intelligence. About 80 percent of insurance repair contractors and 22 of the top 25 U.S. insurers use Xactware’s property claims solutions.

The ribbon-cutting ceremony was hosted in conjunction with Xactware’s Founders Week — a week-long celebration commemorating the founding of the company. Each May, Xactware dedicates a week to service projects around the community. This year, the company teamed with Habitat for Humanity, Lehi City, Traverse Mountain Elementary, Courage Reins Therapeutic Riding Center, and the Food Bank to perform various service projects. Mayor Wilson said he’s glad Xactware moved to Lehi and appreciates the company’s sense of community involvement.

“If there’s a business in town that’s done more than Xactware, I don’t know who it is,” he said. “They come to Lehi with gratitude, and we are grateful to have them here, and we wish them the best.”

During his remarks, Rep. Chaffetz commended Xactware for its success, saying it’s a great company with a great product.

“You built this — you built this — and this is the growth that makes our economy safe,” he said. “You make a difference in real people’s lives. To see that kind of success, and see the growth, there’s nothing more satisfying than that.”

Gov. Herbert said companies like Xactware are the reason the Utah economy is thriving. He also said the Xactware story embodies the American dream. “It is an example to all of us that we can do more. We can do better. We can do things that maybe others say we can’t,” he said.

To learn more about Xactware and its history, visit Xactware.com/ribbon-cutting.