CONTACT: GEORGE McCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Oakdale Systems, Inc. constructs new facility on UI Oakdale Research
CORALVILLE, Iowa -- Citing a need to accommodate its growing software
development business, Oakdale Systems, Inc. has started construction of
a new 7,500-square-foot corporate facility on the University of Iowa Oakdale
Research Park in Coralville.
Oakdale Systems, Inc., a Microsoft Certified Solutions Provider, markets
and develops custom software for a wide variety of applications. Oakdale
Systems' customers include universities, small businesses, and large corporations.
"This building has long been a dream of ours, and represents a
new era of growth for Oakdale Systems," said Michael Miller, founder
and president of Oakdale Systems. "We just signed the largest contract
in company history and have several others in process. Our 1998 revenues
are expected to grow 50 to 70 percent over last year, and we expect similar
growth in the next several years."
Oakdale Systems had five employees when it moved to the TIC, the UI
business incubator, in October 1995. The company now employs 24 people,
most of them software programmers and engineers, and expects to hire an
additional 40 employees over the next five years.
"We're obviously very happy with this development," said Bruce
Wheaton, director of the UI Oakdale Research Park. "Oakdale Systems
will be the fourth 'graduate' of our business incubator to expand on the
Park, and we expect that others will want to follow its example,"
The Iowa Department of Economic Development recently approved a $100,000
Community Economic Betterment Account award in the form of forgivable and
zero-interest loans to Oakdale Systems for the project. The City of Coralville
provided an additional $50,000 in the form of tax increment financing.
Oakdale Systems is also participating in the Iowa Industrial New Jobs
Training Program under a contract with Kirkwood Community College.
"We can't say enough good things about the support that we have
received from the state, the city of Coralville, Kirkwood Community College,
the business community, and especially the UI Technology Innovation Center,"
The $850,000 building is under construction on a 4.47-acre lot under
long-term lease from The University of Iowa Research Park Corporation.
Designed by the Cedar Rapids architectural firm Novak Design Group, the
new one-story Oakdale Systems facility will have a masonry, steel, and
glass exterior. It will be located south of Oakdale Boulevard along the
eastern park boundary. The site includes space for additional Oakdale
Systems buildings in the future.
General contractor for the project is Merit Construction Company of
Cedar Rapids. First National Bank of Iowa City and Iowa Business Growth
Company of Cedar Rapids are providing financing.
Oakdale Systems has developed software and provided services for following
types of applications: route accounting for delivery trucks; point-of-sale,
back office, and home office software for convenience stores; database
applications for tracking physicians, medical professionals, and medical
students; internet commerce; web site design and construction; and systems
and network administration.
The UI Oakdale Research Park was established in 1989 to offer leased
building sites and space to corporations engaged in research and development
and related production and marketing activities.
Firms already on the Park include CADSI and Neural Applications Corp.,
UroSurge, Inc. and Stanley Consultants. The Iowa System for Institutional
Advancement will move to the Park later this month. University anchor laboratories
on the Park include Oakdale Medical Research, the Center for Biocatalysis
and Bioprocessing, and the nearly completed NADS and Simulation Center.
For more information, contact Daniel L. Van Nyhuis at Oakdale Systems,