Does it mean "MicroTech was outside Auburn City" or "besides his time for studying at Auburn college, he ran MicroTech?"
"For eight years Zalik ran MicroTech Information Systems out of Auburn, Alabama. Like many tech success stories, Zalik was so successful so soon, he eventually dropped out of Auburn. In 1996 he sold the company, moved to Atlanta and founded two more companies — Phoenix and Outweb — using the MicroTech sale proceeds, which numbered "in the millions," Zalik told Bloomberg last year. (He actually first invested the proceeds in commercial real estate, a well-timed bet, before founding the additional companies.)"