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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.

Publicly Traded Verb Technology Announces $6.5 Million Sale of its Direct Sales and Life Sciences SaaS Apps

Publicly Traded Verb Technology Announces $6.5 Million Sale of its Direct Sales and Life Sciences SaaS Apps

Verb also disclosed it has signed a non-binding Letter-of-Intent to acquire an unnamed eCommerce firm that produced ~$9.5 million in gross merchandise value for 2022 and was cashflow positive Lehi, Utah-based Verb Technology Company (NASDAQ:VERB) today announced that as of 13 June 2023 it has sold its direct

Is Vernal's Superior Drilling Products Inc. for Sale? Could be, as its Board Hires an Investment Banker and Explores a "Range of Strategic Alternatives."

Is Vernal's Superior Drilling Products Inc. for Sale? Could be, as its Board Hires an Investment Banker and Explores a "Range of Strategic Alternatives."

Vernal, Utah-based Superior Drilling Products (NYSE: SPDI) today announced it has hired Piper Sandler, a $2 billion investment banker, to help the company explore a "range of strategic alternatives." Superior Drilling is a 30-year-old firm that generated over $19 million in revenue in fiscal 2022 (ended December 31)

Nippn Places $25 Million Investment with PHM Brands to Acquire a 25% Stake in a Yet-to-be-Built Flour Mill in Utah

Nippn Places $25 Million Investment with PHM Brands to Acquire a 25% Stake in a Yet-to-be-Built Flour Mill in Utah

As one of the largest flour production companies in Japan, $2.9 billion Nippn Corporation's investment in Utah Flour Milling is its third foray into the United States Tokyo-based Nippn Corporation (TYO:2001) today announced it has made a $25 million investment with Denver-based PHM Brands to acquire

HireVue Acquires Modern Hire

South Jordan, Utah-based HireVue today announced it has acquired Cleveland, Ohio-based Modern Hire. Financial terms of the transaction were not disclosed. According to the acquisition news release, Modern Hire is "the most comprehensive and innovative platform for assessment, interviewing and end-to-end hiring automation." "The acquisition of Modern

Myriad Genetics Sees 10% Revenue Growth in Q1 2023

Myriad Genetics Sees 10% Revenue Growth in Q1 2023

The company reaffirms its profitability projection for Q4 2023 Myriad Genetics (NASDAQ:MYGN) produced $181.2 million in revenue for its first quarter, ended 31 March 2023, growth of 10% versus revenue of $164.6 million in the same quarter in 2022. According to the company news release, revenue for

Bountiful-based Summit Global Investments Launches $40 Million ETF on NASDAQ

Earlier today, Summit Global Investments announced it has launched a $40 million Dynamic Tactical Exchange Traded Fund (ETF) via the NASDAQ Stock Market (NASDAQ:DYTA). Formed in 2010, Summit Global is a Bountiful, Utah-based Registered Investment Advisor (RIA) with over $2 billion in assets under management (AUM). According to Summit

Extra Space Storage Spends $12.7 Billion to Acquire Life Storage

Extra Space Storage Spends $12.7 Billion to Acquire Life Storage

The acquisition transforms the Cottonwood Heights firm into the largest self-storage company in the United States (by number of locations) and the 6th largest REIT in the U.S. And just like that, Extra Space Storage (NYSE:EXR) becomes the largest self-storage operator in the U.S. courtesy of a