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ASSOCIATIONS
• TheNational Association of EMS Educators(NAEMSE) has namedJudson Smithas co-chair of its Education Technology Committee. The association, incorporated in 1995, seeks to inspire and promote excellence in EMS education and lifelong learning within the global community. Smith is vice president of continuing education at Career Step, Lehi. He has nearly 20 years of EMS experience and 10 years of experience in education. He is a licensed critical care paramedic and has been a member of NAEMSE for four years. He also serves as an officer in the U.S. Air Force Reserves in an aeromedical evacuation squadron. In 2014, he founded training company Code 3 CME, which Career Step acquired in January of this year.
CONSTRUCTION
• ARCOM, Salt Lake City, has appointedKarthik Manias executive vice president of products and delivery. He joins ARCOM with more than 20 years of experience, most recently serving as senior vice president and general manager at Equifax. He started his career at i2 Technologies.
DIVIDENDS
• Nu Skin Enterprises Inc., Provo, has announced that its board of directors has declared a quarterly dividend of 35.5 cents per share. The dividend will be paid Dec. 7 to stockholders of record Nov. 18.
•ClearOne, Salt Lake City, has announced that the quarterly cash dividend for the 2016 fourth quarter is 5 cents per share. The dividend will be paid Nov. 30 to shareholders of record Nov. 16.
EXPANSIONS
• LifeVantage Corp., Salt Lake City, has announced an expansion into Canada, officially beginning sales activities in Quebec on Nov. 5. The company said Canada is its fourth-largest largest revenue market.
FINANCE
•Prestige Financial Services Inc., Salt Lake City, has announced the completion of its 15th rated term securitization, issuing $343.6 million in securities backed by nearly $369.5 million in automobile installment receivables. In a transaction led jointly byWells Fargo SecuritiesandJ.P. Morgan Securities, notes were purchased by qualified institutional buyers. Prestige was founded in 1994 as an affiliate of the Larry H. Miller Group of Companies. It manages a portfolio of more than $1 billion contracts and does business with dealerships across the country.
• Purple Inc., Alpine, announced that its Purple Pillow product has beaten the previous Utah crowdfunding record by almost $1 million after raising more than $2.6 million in 30 days. The company said the figure is the 43rd-most-funded Kickstarter project ever and the most-funded bedding product ever on Kickstarter.
GOVERNMENT
• The Governor’s Office of Economic Development (GOED) has appointedthree industry consultants to oversee strategic growth in the aerospace, financial services and life science sectors. Marshall Wrightwill serve as director of the aerospace industry cluster,Kelvin Andersonas director of financial services, andAndrew Laveras director of life sciences. Wright has more than 45 years of experience in engineering, marketing and business management in the aerospace and defense industry, working with the U.S. Navy and L-3 Com-munications, among other organizations. Wright is especially involved in the unmanned systems community and was particularly instrumental in helping Utah open its Aerospace States Association chapter earlier this year. Anderson previously was the president and chief executive officer of Optum Bank. He has been involved in the startup of several industrial banks over the past 28 years. He has served as chairman of the Utah Bankers Association, president of the Utah Association of Financial Services and director of the National Association of Industrial Bankers. He currently serves on the advisory board of the Center for Innovation in Banking and Financial Services. Laver is managing director of APL Capital Advisors and has made life science his area of funding expertise for more than 20 years. His experience includes positions in engineering, venture capital, private equity and investment banking. He was also a co-founder of Salt Lake Life Science Angels, an angel investment group focused on seed-stage medical investments.
• TheU.S. Small Business Administration(SBA) has awarded $365,700 to the SBA Utah District Office through the competitive State Trade Expansion Program (STEP) to help small Utah businesses acquire the tools, resources and relationships they need to take their products and services global. STEP awards were created to advance key priorities identified in the President’s National Export Initiative, namely to expand the base of small businesses that become exporters and to make the exporting process as easy as possible for small businesses. Funds are used to support programs that help small businesses expand their export-related activities, such as participation in foreign trade missions, foreign market sales trips, subscription services for access to international markets, the design of international marketing campaigns, export trade show exhibits, export training workshops and more.
INVESTMENT
•Owlet Baby Care, Lehi, has raised $15 million through venture funding and a collaborator role grant from the National Institutes of Health (NIH), bringing its total raised to $25 million. Investors in the most recent round include previous round participantsEclipseandEniac, as well as new investorsTrilogy Equity Partners, theAmazon Alexa Fund,RTP-HC,Capital IntegralandBroadway Angels. The company said the funding will allow it to expand its retail and international distribution, launch two new product lines and kick off a large infant health study. As part of the new funding, Owlet becomes the commercialization partner on a $1.5 million grant from the NIH to further infant health research. This brings the company’s total grants from the NIH to $3 million since 2015.
LAW
•Ballard Spahrhas namedMark R. Gaylordas managing partner of the firm’s Salt Lake City office. Gaylord’s practice focuses on corporate litigation, land use and development disputes, and construction matters. Gaylord has been with the firm for 20 years and is the firm’s senior litigator in Salt Lake City. Gaylord succeedsBlake K. Wadeas office managing partner.
MANUFACTURING
•Purple Inc., Alpine, has appointedCraig Gygias chief operating officer. Gygi has more than two decades of operations, manufacturing, design and engineering experience and has held senior executive positions at MasterControl, ES3 Aerospace and Fiji Water. His operations consulting firm has helped executive and operations teams at several companies and organizations. He began his career as an advanced manufacturing researcher and as a product design engineer after receiving both graduate and undergraduate degrees in mechanical engineering from Brigham Young University.
REAL ESTATE
•JLL, Salt Lake City, has hiredAndrew Lewisas a senior associate. He will focus on new business development while continuing to provide site selection services nationwide. Lewis has nearly 15 years of experience in commercial real estate, mostly recently with the JLL office in Atlanta, where he was responsible for sourcing and servicing large national accounts. He previously served as vice president with ATL Commercial Realty Advisors and vice president with Alliance Partners.
• PECO Real Estate Partners (PREP), Park City, has acquired the Hanover Mall in Hanover, Massachusetts, fromCW Capital, for an undisclosed amount. The Hanover Mall is a single-level, regional, enclosed mall of 732,101 square feet. It was built in 1971 and was last renovated in 2004.
RECOGNITIONS
• Seven people have been named recipients ofRevGen AwardsbyMercato Partners. They areBrandon Fugal, chairman at Coldwell Banker Commercial Advisors;Brett Child, executive vice president of sales at Lendio;Jason Kizerian, vice president of business development at UtiliSync;John Knotwell, chief revenue officer at RizePoint;Keith Titus, chief operating officer at MarketStar Corp.;Neal Gatherum, vice president and general manager of Lamar Advertising; andRob Jeppsen, chief executive officer of XVoyant. RevGen was created in 2014 to celebrate sales and marketing professionals who live in Utah or are closely connected to the state. RevGen nominations are captured through a peer nomination process, and finalists are reviewed by an independent panel of judges.
• Three women were honored withBusiness Leadership Awardsduring the Women’s Business Leadership Conference, presented by theUtah Hispanic Chamber of Commerce.Lelani P. Craigreceived theBusiness Ex- cellence Award. Craig is president of Craig Enterprises Inc., doing business as CommGap, and managing director at Global 1 Voice.Ana Valdemorosreceived theRising Star Award. Valdemoros is owner of Argentina’s Best Empanadas.Jeannete Villaltareceived theCommunity Trailblazer Award. Villalta is a community wellness coach for the Hispanic Healthcare Task Force, a member of the Advisory Group for the Community Health Workers Coalition with the Utah Department of Health, and has been a host of the radio show “Voces de la Comunidad” and presenter on the “Somos Utah” radio show.
RETAIL
•Cash&Carry Smart Foodservicehas opened a store at 370 W. Paxton Ave., Salt Lake City. Cash&Carry, based in Portland, Oregon, is a warehouse-format store that has catered to the foodservice industry for more than 60 years. This is the first store in Utah and the 58th in the chain. The 21,000-square-foot store will carry more than 8,500 products. Though Cash&Carry stores cater primarily to the foodservice industry, they offer an option for nonprofit organizations, schools, church groups, caterers and other individuals looking to purchase large product quantities.
SERVICES
•Ancestry, Lehi, has announced three appointments to its leadership team:Amy Gershkoffas the company’s first chief data officer,Sarah Southas vice president of laboratory sciences, andTodd Davisas vice president of global talent. Gershkoff most recently was chief data officer at Zynga and previously built and led the customer analytics and insights team and led the global data science team at eBay. Before eBay, Gershkoff was the chief data scientist for WPP, Data Alliance, and was head of media planning at Obama for America for the 2012 campaign. South previously served as vice president of laboratory operations at 23andme, associate professor in the Department of Pathology at the University of Utah, a medical director at ARUP Laboratories, oversaw the Cytogenetic and Genomic Microarray Laboratories and directed the ABMGG clinical cytogenetics training program at the University of Utah, and the CLIA lab director for Lineagen. Davis has led global talent acquisition at Amazon and Dropbox; was vice president of worldwide recruitment at Warner Bros. Entertainment; and held senior positions at Centene Corp., West Coast University and Volt Information Sciences.
• Peterson Partners Inc., Salt Lake City, has sold Eyewitness Surveillance (EWS), a Baltimore metro area provider of remote video monitoring solutions to mid-sized-to-large automotive dealerships and metal recycling yards, to an undisclosed buyer for an undisclosed amount.Capital Oneprovided debt financing in support of the transaction.Buchanan Ingersoll & Rooneyprovided legal representation to Eyewitness.
TECHNOLOGY/LIFE SCIENCES
•Instructure, Salt Lake City, has appointedJim Steeleto its board of directors and announced the resignation ofAdam D. Marcusfrom the board. Marcus resigned from the board after two years of service. Steele is president and chief revenue officer of InsideSales. He has more than 30 years of business experience at several prominent technology companies, including IBM, Ariba and Salesforce. At Ariba, he was executive vice president of worldwide sales.
• Venafi, Salt Lake City, has hiredFrancois Delepineas chief financial officer. Delepine previously was CFO of Trimble Navigation; served as global business unit CFO of VMware; and held senior finance positions at Google, Hyperion and Apple.
Read more:The Enterprise - Industry Briefs 11 14 16
ASSOCIATIONS
• TheNational Association of EMS Educators(NAEMSE) has namedJudson Smithas co-chair of its Education Technology Committee. The association, incorporated in 1995, seeks to inspire and promote excellence in EMS education and lifelong learning within the global community. Smith is vice president of continuing education at Career Step, Lehi. He has nearly 20 years of EMS experience and 10 years of experience in education. He is a licensed critical care paramedic and has been a member of NAEMSE for four years. He also serves as an officer in the U.S. Air Force Reserves in an aeromedical evacuation squadron. In 2014, he founded training company Code 3 CME, which Career Step acquired in January of this year.
CONSTRUCTION
• ARCOM, Salt Lake City, has appointedKarthik Manias executive vice president of products and delivery. He joins ARCOM with more than 20 years of experience, most recently serving as senior vice president and general manager at Equifax. He started his career at i2 Technologies.
DIVIDENDS
• Nu Skin Enterprises Inc., Provo, has announced that its board of directors has declared a quarterly dividend of 35.5 cents per share. The dividend will be paid Dec. 7 to stockholders of record Nov. 18.
•ClearOne, Salt Lake City, has announced that the quarterly cash dividend for the 2016 fourth quarter is 5 cents per share. The dividend will be paid Nov. 30 to shareholders of record Nov. 16.
EXPANSIONS
• LifeVantage Corp., Salt Lake City, has announced an expansion into Canada, officially beginning sales activities in Quebec on Nov. 5. The company said Canada is its fourth-largest largest revenue market.
FINANCE
•Prestige Financial Services Inc., Salt Lake City, has announced the completion of its 15th rated term securitization, issuing $343.6 million in securities backed by nearly $369.5 million in automobile installment receivables. In a transaction led jointly byWells Fargo SecuritiesandJ.P. Morgan Securities, notes were purchased by qualified institutional buyers. Prestige was founded in 1994 as an affiliate of the Larry H. Miller Group of Companies. It manages a portfolio of more than $1 billion contracts and does business with dealerships across the country.
• Purple Inc., Alpine, announced that its Purple Pillow product has beaten the previous Utah crowdfunding record by almost $1 million after raising more than $2.6 million in 30 days. The company said the figure is the 43rd-most-funded Kickstarter project ever and the most-funded bedding product ever on Kickstarter.
GOVERNMENT
• The Governor’s Office of Economic Development (GOED) has appointedthree industry consultants to oversee strategic growth in the aerospace, financial services and life science sectors. Marshall Wrightwill serve as director of the aerospace industry cluster,Kelvin Andersonas director of financial services, andAndrew Laveras director of life sciences. Wright has more than 45 years of experience in engineering, marketing and business management in the aerospace and defense industry, working with the U.S. Navy and L-3 Com-munications, among other organizations. Wright is especially involved in the unmanned systems community and was particularly instrumental in helping Utah open its Aerospace States Association chapter earlier this year. Anderson previously was the president and chief executive officer of Optum Bank. He has been involved in the startup of several industrial banks over the past 28 years. He has served as chairman of the Utah Bankers Association, president of the Utah Association of Financial Services and director of the National Association of Industrial Bankers. He currently serves on the advisory board of the Center for Innovation in Banking and Financial Services. Laver is managing director of APL Capital Advisors and has made life science his area of funding expertise for more than 20 years. His experience includes positions in engineering, venture capital, private equity and investment banking. He was also a co-founder of Salt Lake Life Science Angels, an angel investment group focused on seed-stage medical investments.
• TheU.S. Small Business Administration(SBA) has awarded $365,700 to the SBA Utah District Office through the competitive State Trade Expansion Program (STEP) to help small Utah businesses acquire the tools, resources and relationships they need to take their products and services global. STEP awards were created to advance key priorities identified in the President’s National Export Initiative, namely to expand the base of small businesses that become exporters and to make the exporting process as easy as possible for small businesses. Funds are used to support programs that help small businesses expand their export-related activities, such as participation in foreign trade missions, foreign market sales trips, subscription services for access to international markets, the design of international marketing campaigns, export trade show exhibits, export training workshops and more.
INVESTMENT
•Owlet Baby Care, Lehi, has raised $15 million through venture funding and a collaborator role grant from the National Institutes of Health (NIH), bringing its total raised to $25 million. Investors in the most recent round include previous round participantsEclipseandEniac, as well as new investorsTrilogy Equity Partners, theAmazon Alexa Fund,RTP-HC,Capital IntegralandBroadway Angels. The company said the funding will allow it to expand its retail and international distribution, launch two new product lines and kick off a large infant health study. As part of the new funding, Owlet becomes the commercialization partner on a $1.5 million grant from the NIH to further infant health research. This brings the company’s total grants from the NIH to $3 million since 2015.
LAW
•Ballard Spahrhas namedMark R. Gaylordas managing partner of the firm’s Salt Lake City office. Gaylord’s practice focuses on corporate litigation, land use and development disputes, and construction matters. Gaylord has been with the firm for 20 years and is the firm’s senior litigator in Salt Lake City. Gaylord succeedsBlake K. Wadeas office managing partner.
MANUFACTURING
•Purple Inc., Alpine, has appointedCraig Gygias chief operating officer. Gygi has more than two decades of operations, manufacturing, design and engineering experience and has held senior executive positions at MasterControl, ES3 Aerospace and Fiji Water. His operations consulting firm has helped executive and operations teams at several companies and organizations. He began his career as an advanced manufacturing researcher and as a product design engineer after receiving both graduate and undergraduate degrees in mechanical engineering from Brigham Young University.
REAL ESTATE
•JLL, Salt Lake City, has hiredAndrew Lewisas a senior associate. He will focus on new business development while continuing to provide site selection services nationwide. Lewis has nearly 15 years of experience in commercial real estate, mostly recently with the JLL office in Atlanta, where he was responsible for sourcing and servicing large national accounts. He previously served as vice president with ATL Commercial Realty Advisors and vice president with Alliance Partners.
• PECO Real Estate Partners (PREP), Park City, has acquired the Hanover Mall in Hanover, Massachusetts, fromCW Capital, for an undisclosed amount. The Hanover Mall is a single-level, regional, enclosed mall of 732,101 square feet. It was built in 1971 and was last renovated in 2004.
RECOGNITIONS
• Seven people have been named recipients ofRevGen AwardsbyMercato Partners. They areBrandon Fugal, chairman at Coldwell Banker Commercial Advisors;Brett Child, executive vice president of sales at Lendio;Jason Kizerian, vice president of business development at UtiliSync;John Knotwell, chief revenue officer at RizePoint;Keith Titus, chief operating officer at MarketStar Corp.;Neal Gatherum, vice president and general manager of Lamar Advertising; andRob Jeppsen, chief executive officer of XVoyant. RevGen was created in 2014 to celebrate sales and marketing professionals who live in Utah or are closely connected to the state. RevGen nominations are captured through a peer nomination process, and finalists are reviewed by an independent panel of judges.
• Three women were honored withBusiness Leadership Awardsduring the Women’s Business Leadership Conference, presented by theUtah Hispanic Chamber of Commerce.Lelani P. Craigreceived theBusiness Ex- cellence Award. Craig is president of Craig Enterprises Inc., doing business as CommGap, and managing director at Global 1 Voice.Ana Valdemorosreceived theRising Star Award. Valdemoros is owner of Argentina’s Best Empanadas.Jeannete Villaltareceived theCommunity Trailblazer Award. Villalta is a community wellness coach for the Hispanic Healthcare Task Force, a member of the Advisory Group for the Community Health Workers Coalition with the Utah Department of Health, and has been a host of the radio show “Voces de la Comunidad” and presenter on the “Somos Utah” radio show.
RETAIL
•Cash&Carry Smart Foodservicehas opened a store at 370 W. Paxton Ave., Salt Lake City. Cash&Carry, based in Portland, Oregon, is a warehouse-format store that has catered to the foodservice industry for more than 60 years. This is the first store in Utah and the 58th in the chain. The 21,000-square-foot store will carry more than 8,500 products. Though Cash&Carry stores cater primarily to the foodservice industry, they offer an option for nonprofit organizations, schools, church groups, caterers and other individuals looking to purchase large product quantities.
SERVICES
•Ancestry, Lehi, has announced three appointments to its leadership team:Amy Gershkoffas the company’s first chief data officer,Sarah Southas vice president of laboratory sciences, andTodd Davisas vice president of global talent. Gershkoff most recently was chief data officer at Zynga and previously built and led the customer analytics and insights team and led the global data science team at eBay. Before eBay, Gershkoff was the chief data scientist for WPP, Data Alliance, and was head of media planning at Obama for America for the 2012 campaign. South previously served as vice president of laboratory operations at 23andme, associate professor in the Department of Pathology at the University of Utah, a medical director at ARUP Laboratories, oversaw the Cytogenetic and Genomic Microarray Laboratories and directed the ABMGG clinical cytogenetics training program at the University of Utah, and the CLIA lab director for Lineagen. Davis has led global talent acquisition at Amazon and Dropbox; was vice president of worldwide recruitment at Warner Bros. Entertainment; and held senior positions at Centene Corp., West Coast University and Volt Information Sciences.
• Peterson Partners Inc., Salt Lake City, has sold Eyewitness Surveillance (EWS), a Baltimore metro area provider of remote video monitoring solutions to mid-sized-to-large automotive dealerships and metal recycling yards, to an undisclosed buyer for an undisclosed amount.Capital Oneprovided debt financing in support of the transaction.Buchanan Ingersoll & Rooneyprovided legal representation to Eyewitness.
TECHNOLOGY/LIFE SCIENCES
•Instructure, Salt Lake City, has appointedJim Steeleto its board of directors and announced the resignation ofAdam D. Marcusfrom the board. Marcus resigned from the board after two years of service. Steele is president and chief revenue officer of InsideSales. He has more than 30 years of business experience at several prominent technology companies, including IBM, Ariba and Salesforce. At Ariba, he was executive vice president of worldwide sales.
• Venafi, Salt Lake City, has hiredFrancois Delepineas chief financial officer. Delepine previously was CFO of Trimble Navigation; served as global business unit CFO of VMware; and held senior finance positions at Google, Hyperion and Apple.
Read more:The Enterprise - Industry Briefs 11 14 16