Archive

PMI's Hart moves to CEO, Itaya becomes president

Lehi-based Property Management Inc. (PMI), a franchisor of property management solutions, has shuffled its top management. Co-founder Steve Hart has moved from company president to CEO and Danessa Itaya, formerly senior vice president, has been promoted to president. The…

Staff

Dec 15

TAB Bank acquires BAMFi’s $46M BAM Capital division

Ogden-based TAB Bank has finalized the acquisition of payment processing services company BAMFi’s BAM Capital division and its $46 million loan portfolio. This is TAB Bank’s fourth completed acquisition of a working capital loan portfolio. As part of the acquisition, TAB will…

Staff

Dec 15

Simplus buys U.K. firm

Salt Lake City-based Simplus, a Salesforce quote-to-cash software advisory, implementation and managed services company, has acquired Clout Partners, a Salesforce partner headquartered in London, England, with a subsidiary in Dublin, Ireland. This will be Simplus’ seventh…

Staff

Dec 15

Facebook's massive Eagle Mountain data center has grown even bigger

When Facebook announced in May 2018 that it was building a 970,000-square-foot, $750 million data center in Eagle Mountain, that was impressive. Last week the technology firm said that it was adding another 500,000-square-foot building to the project, pushing the cost to over $1…

Staff

Dec 15

Succeeding in Your Business: When SAFEs aren’t so safe, Part 2 of 2

By Cliff Ennico A simple agreement for future equity, or SAFE, is a contract between a company and an investor under which the investor puts money into the company in exchange for a promise to issue shares in the future upon the occurrence of a triggering event (usually the…

When love comes calling: Workplace romances are on the rise and, yes, it really does matter to your business in the #MeToo era

By Katheen D. Weron Beginning in 1986, the United States Supreme Court has placed the duty of ending sexual harassment in the workplace on the employer. As a result, most companies have concerned themselves with policies that prohibit unwelcome sexual harassment. Nowadays,…

With a strong corporate culture in place, companies have a better chance of getting through tough times

By Brice Wallace Corporate culture. To some, those words represent the core values that drive a company to success. To others, it’s just the title on a paper pinned to a company bulletin board, leading a list of vague, mumbo-jumbo “values” that are the subject of derision or…

Employers, prepare for a legal battle: Sometimes prevention is not enough to counter retaliation claims

By Karina Sargsian Employers should be aware that in 2020, retaliation claims will likely represent one of their greatest legal risks. In the past decade, retaliation filings have rapidly increased and now make up the lion’s share of claims filed in employment-related lawsuits…

'Biophilia' in the workplace: How about something green?

By Aja Macheel “Self-care” seems to be a consistent topic in the health and wellness industry that suggests we take little moments out of our day-to-day lives to make space for peace, tranquility and pause. No matter what your source of inner peace is, it is universally…

Need to smooth out your operation? There's an app for that

By Bahar Ferguson Sometimes, with all of the fun and entertaining technology around us, it can be hard to remember how helpful technology actually is. It isn’t just here to make our movie nights better or our cars more fun to drive. Technology, at its core, is here to improve…

Editorial Cartoon: Bloomberg

Staff

Dec 15

Industry Briefs 12-16-19

Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice@slenterprise.com. The submission deadline is one week before publication. CONSTESTS • Kiln , a Lehi-based, tech-focused, shared-workspace community, will share its title…

Staff

Dec 15

If another CR sounds familiar and irresponsible, that's because it is

By Veronique de Rugy Once again, Congress failed to pass its budget before the end of the fiscal year on Sept. 30. It also failed to do this critical part of its job before the continuing resolution, or CR — which they enacted in September to fund the government— expired on Nov.…

The GOP has become the party of state planning and crony capitalism

By Fareed Zakaria Republicans have rallied to Donald Trump’s defense with a vigor and ferocity that might even have surprised the president. It was only a few years ago that many of them suggested that he was not really a Republican and certainly not a conservative. But now…

Newsletter - 12-9-19

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, December 9, 2019 Rio Tinto bets on copper, invests $1.5 billion in Salt Lake Co. mine By John Rogers Miners at the Kennecott Copper Mine in southwest Salt Lake County won't need to worry about their…

Rio Tinto bets on copper, invests $1.5 billion in Salt Lake Co. mine

By John Rogers Miners at the Kennecott Copper Mine in southwest Salt Lake County won’t need to worry about their jobs going away anytime soon. The operation’s owner, global mining giant Rio Tinto, announced last week that it will invest $1.5 billion in the mine, a move that will…

Northern Utah economic effort off to good start

By Brice Wallace A joint effort to boost economic development in Northern Utah continues to advance, apparently with early positive results. And that has happened despite having no name, logo or website. “I think we’re ahead of schedule,” Chris Roybal, executive director of the…

Federal grant will help Weber State's entrepreneurs with early-stage startups

Weber State University has gotten a federal financial boost to help early-stage entrepreneurs advance their startups. The U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded a $718,968 grant to WSU to help develop a new training program for the…

Staff

Dec 9

Podium tops list of Utah's fastest-growing companies

Podium, a Lehi-based interaction management platform for local businesses, tops the rankings of the Utah 100, a list of the fastest-growing Utah companies, compiled by MountainWest Capital Network. “We commend Podium for its tremendous growth this year and the impact it has made…

Staff

Dec 9

Education software company Instructure acquired by Chicago equity firm

Education technology company Instructure has been acquired by Thoma Bravo LLC, a Chicago-based private equity investment firm, in an all-cash transaction that values Salt Lake City-based Instructure at an aggregate equity value of approximately $2 billion. As part of the terms…

Staff

Dec 9

Co-founder Pestana named ObservePoint CEO

ObservePoint, a Provo-based developer of marketing analytics software, has announced that it has named co-founder John Pestana as the company’s new CEO. He succeeds fellow co-founder Rob Seolas in the post. Seolas will remain on ObservePoint’s board of directors. “I am grateful…

Staff

Dec 9

Canopy names Davis Bell to lead company

Canopy, a Lehi-based developer and marketer of practice management software for tax professionals, has named Davis Bell as its new CEO, succeeding founder Kurt Avarell, who served in the role since 2014. Bell has held leadership roles in operations, product, sales, strategy and…

Staff

Dec 9