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Sales+Marketing

Utah Money Watch provides perspective and contextual insights on all financial aspects of the Sales+Marketing industry within Utah, from eCommerce to retail sales and from MarTech and SalesTech software, including various agencies.

Three Utahns Ordered to Pay $42.5 Million for their Fraudulent Conduct through their Firm, Real Estate Workshop

Three Utahns Ordered to Pay $42.5 Million for their Fraudulent Conduct through their Firm, Real Estate Workshop

Following false promises of financial freedom that decimated the bank accounts and retirement savings of thousands, three Utahns have been ordered to pay $42.5 million in fines and restitution for their misdeeds. For more than a decade, MJ Augie Bove, Troy Stevens, and Cory Wadsworth operated a seemingly brilliant

The Real Reason We Believe Utah-based Backcountry.com has Traded Hands Once Again

Merryville, Indiana-based CSC Generation Enterprise has acquired Park City, Utah-based Backcountry.com, including its brands MotoSport, Competitive Cyclist, and Steep and Cheap. It appears, however, that the majority owner of Backcountry at the time of the acquisition earlier this month was San Francisco, California-based private equity firm, TSG Consumer Partners.

Is Angel Studios Really Worth $1.58 Billion? It Thinks So.

In a two-week period spanning late August into the second week of September, Provo, Utah-based Angel Studios has made three major financial moves designed to transform both the firm and its financial future — ONE: It launched a crowdfunded Reg A+ fundraising; TWO: Angel raised $20 million through that offering in

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

Utah-based Purple Innovation is Closing its Two Manufacturing Plants in Utah, Will Layoff Approximately 13% of its Staff, and Expects Restructuring Costs of $35 Million to $45 Million

Utah-based Purple Innovation is Closing its Two Manufacturing Plants in Utah, Will Layoff Approximately 13% of its Staff, and Expects Restructuring Costs of $35 Million to $45 Million

Purple will consolidate its manufacturing operations to its 520,000-square-foot facility in McDonough, Georgia facility (which it opened in 2020). With this restructuring, Purple has laid-off employees from its Lehi, Utah headquarters and expects to shutter its Grantsville, Utah and Salt Lake City plants sometime in Q1 2025, with ~220

NEWS BRIEF: Utah-based Carketa Lands $4.4 Million in Early Growth Round of Venture Capital Funding

NEWS BRIEF: Utah-based Carketa Lands $4.4 Million in Early Growth Round of Venture Capital Funding

Lehi, Utah-based Carketa has received $4.4 million in an early growth round of venture capital funding. According to its news release, the Carketa funding round "... was led by new investor Capital Eleven, with participation from both new and existing investors, including Crosslink Capital, Origin Ventures, Allegis Capital, and

Has the Divvy Mafia "Done it Again," this Time with Redo?

Has the Divvy Mafia "Done it Again," this Time with Redo?

Draper, Utah-based Redo announced a $24 million round of Series A funding last week, which is certainly newsworthy in and of itself. But what this author finds especially intriguing is the fact that this still young startup has also assembled many of the top team members of Divvy, with rapid