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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

Global Counterintelligence Firm, Utah-based Strider Technologies, Has Just Closed a $55 Million Round of Series C Funding

Global Counterintelligence Firm, Utah-based Strider Technologies, Has Just Closed a $55 Million Round of Series C Funding

The funding was led by Pelion Venture Partners, Utah's largest VC firm, and will help Strider "expand operations to new geographies in Europe and Asia, and more aggressively address the public sector market" as the firm helps provide organizations of all types with previously undiscovered data

Utah-based PACS Group Closes a Secondary Public Offering, Raising ~$101 Million for the Firm, with ~$589 Million Raised by Selling Shareholders

Utah-based PACS Group Closes a Secondary Public Offering, Raising ~$101 Million for the Firm, with ~$589 Million Raised by Selling Shareholders

Since its $450 million IPO on 11 April 2024 that valued the firm at $3.1 billion, Farmington, Utah-based PACS Group (NYSE:PACS) has been on a tear, with its valuation jumping nearly 87% since the IPO to a high of $42.25 two weeks ago. Now PACS has closed

BREAKING NEWS: Five Utah Universities Make the Wall Street Journal's "2025 Best Colleges in the U.S." Ranking

BREAKING NEWS: Five Utah Universities Make the Wall Street Journal's "2025 Best Colleges in the U.S." Ranking

The five Utah-based universities to make the WSJ's 2025 list are (in alphabetical order), Brigham Young University, the University of Utah, Utah State University, Utah Valley University, and Weber State University. However, among all 500 ranked universities, BYU was ranked No. 1 as "... the most highly recommended

Top 23 Utah-focused Monetary, Financial and/or Business News Nuggets from August 2024 that You Might have Missed

Top 23 Utah-focused Monetary, Financial and/or Business News Nuggets from August 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are significant and should be acknowledged as such. And in this writeup, you'll find info about 20 Utah-based firms and 18 separate executives that we feel

NEWS BRIEF: Utah Office of L3Harris Technologies has Landed a $587 Million U.S. Navy Contract

NEWS BRIEF: Utah Office of L3Harris Technologies has Landed a $587 Million U.S. Navy Contract

The Salt Lake City, Utah-based office of L3Harris Technologies (NYSE:LHX) has just been awarded a $587 million contract by the U.S. Navy. According to the U.S. Department of Defense, the L3Harris contract is a five-year engagement (from August 2024 through August 2029) "... for the design, production

NEWS BRIEF: Utah-based Extra Space Storage has Raised $400 Million in a Senior Note Offering Priced at 5.35% that's Due in Early 2035

NEWS BRIEF: Utah-based Extra Space Storage has Raised $400 Million in a Senior Note Offering Priced at 5.35% that's Due in Early 2035

Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has raised $400 million in a senior note (bond) offering that matures 15 January 2035 at a 5.35% return. According to the company news release, "BofA Securities, PNC Capital Markets LLC, Truist Securities, BMO Capital Markets, J.P. Morgan, TD

Led by Utah Tech OG, Wes Swenson, Utah-based Novva Data Centers Will Spend $3.0 Billion to Build a 300MW Data Center in Arizona, its Sixth Since its July 2020 Launch

Led by Utah Tech OG, Wes Swenson, Utah-based Novva Data Centers Will Spend $3.0 Billion to Build a 300MW Data Center in Arizona, its Sixth Since its July 2020 Launch

In a project Novva expects will take 10 million hours to construct over a decade, the new environmentally friendly data center will include 1.3 million-square-feet of facilities located on 160 acres in Mesa, Arizona, and will use an "innovative water-free air-cooling system, which is projected to conserve up