Xata signs new building lease to handle growth

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Xata — a provider of on-demand, fleet management software — announced today, July 13, that it has signed a lease on a state-of-the-art building in Eden Prairie, Minn., to become its corporate headquarters. The company says the new building will allow it to meet the demands of its growing business by providing room for Xata’s more than 100 Minnesota employees.

Xata — established in 1985 to help fleets optimize operations by reducing costs and ensuring regulatory compliance — has grown to service more than 60,000 trucks and 1,925 distribution centers compared with 40,000 trucks and 1,000 centers two years ago. Xata’s fiscal year 2006 revenues were more than $30 million, a growth rate of 59 percent over the previous year.

“Xata’s growth affirms the trucking industry’s need for the real-time solutions that we provide,” says Jay Coughlan, chairman and chief executive officer of Xata. “With the new building, we can continue to establish Xata as an industry leader in fleet management solutions, as well as maintain the high level of service our customers expect from us. The new corporate headquarters is consistent with our drive to strengthen the image and effectiveness of Xata.”

The 26,500-square-foot building is expected to provide sufficient space for existing employees and meet the demands of Xata’s growth needs. The anticipated move date is Nov. 1, 2007. The standalone building is located on 965 Prairie Center Drive in Eden Prairie.