ANN ARBOR — Lakeside Software, a provider of business intelligence software for IT professionals, announced the acquisition and opening of a new research and development center in Ann Arbor.
The center, at 112 S. Main St., will be used for product design and development. Lakeside officials said it will also boost the company’s ability to recruit technical talent in the Ann Arbor area. The office is 3,800 square feet in size and was formerly Google’s initial Ann Arbor office.
Lakeside its corporate headquarters will remain in Bloomfield Hills.
The company announced plans to expand in the Ann Arbor area in March, and received a Michigan Economic Growth Authority tax credit for the expansion. The company plans to hire nearly 200 staff over the next five years.
Founded in 1997, Lakeside Software has grown organically without outside investment. The company’s products employ a patent-protected distributed database architecture for data collection and aggregation that delivers unprecedented depth of information and insight into user experience. Lakeside has also successfully established key partnerships with global systems integrators and technology firms that use the company’s technology to implement desktop transformation and virtualization services.
The company was recently designated Technology Company of the Year by Automation Alley, Michigan’s largest technology business association.
Said Michael Schumacher, founder and CEO of Lakeside Software: “Michigan is technology-friendly and offers a wealth of technology talent that we will employ to drive our continued growth.”
Added Ann Arbor Spark president and CEO Paul Krutko: “Ann Arbor SPARK worked with Lakeside Software early on to support the company’s expansion efforts to our region, including working with MEDC and other officials to secure the incentives that emerging companies need to grow. The tech talent here will ensure that Lakeside Software will hit the ground running, quickly ramping up its operations and getting down to business. Long term, the depth of tech talent in Ann Arbor will be a strategic asset for Lakeside Software.”
More at www.lakesidesoftware.com.