Bultema sees XAware positioned for growth

Filed under: One on One |

* Name: Patrick Bultema

* Organization: XAware Inc.

* Position: CEO

* Hometown: Chico, Calif.

* How long in the Springs Area: 13 years

* Education: Bachelor’s degree from California State University, Chico; master’s degree from Princeton

* A few words about your company: XAware is in a great position. We’ve effectively managed the venture capital we’ve received to date, and now we’re harvesting major customer and partner wins. The company has survived the macroeconomic “nuclear winter” of the last four years and is now poised to grow exponentially.

* Recent Accomplishments: In the last week, we’ve been designated as one of a short list of strategic vendors by Merrill Lynch for its business. Today, for instance, we provide the system that Merrill Lynch uses to distribute Investment Research Information through channels like Reuters.

* Biggest Career Break: Having the opportunity to play a leadership role in the Help Desk industry at a key point in that industry. It helped me to learn how one can play a role in the creation of a high-tech market while gaining insight into how venture financed companies are instrumental in shaping emerging markets.

* The toughest part of your job: Balancing family and personal priorities with the fast-paced, demanding and always changing nature of being a leader in a high-tech company.

* Someone you admire: I am deeply appreciative of my immigrant grandparents who came to the United States from Holland and Sweden. Through a subtle blend of vision, desperation, faith, work ethic and commitment to family, they came to make a better life for their family and subsequent generations.

* About your family: I married way over my head. For the last 24 years my bride has pushed me to be a far better person than I ever would have become on my own & though she still has a lot of work left. We have six children. Four are natural born, all in college or grad school, and we are blessed with two little girls from China, ages 5 and 7.

* Something else you’d like to accomplish: XAware has the potential to become a leader in its emerging market space. It’s very rewarding to know you’re making a big difference with customers. I want to see us scale that capability across the globe.

* How your business will change in the next decade: A decade is a very distant horizon in the high-tech world. Having insight into the next three years is more important to me.

* What book(s) are you currently reading? I’m currently reading four books. I’m just finishing “The Innovator’s Solution” by Harvard professor Clayton Christiansen. I’m just starting a novel titled, “The Rule of Four.” I’m about half way into a very interesting book on social networking theory entitled, “Linked: The New Science of Networks” and I’m just about to wrap up a book by Henri Nouwen called “The Way of the Heart.”

* What is the one thing you’d change about Colorado Springs? I’d like to see the Springs get recognized as a great place for a high-tech startup. Today, we’re a bit short of some of the people and capital resources. I’d like to see that change, and I think it’s in process.