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Utah Money Watch provides perspective and contextual insights on all monetary aspects of the Services marketplace within Utah, from accounting to consultants and from legal to information technology.

Top 27 Utah-focused Monetary, Financial and/or Business News Nuggets for February 2025 that You Might have Missed

Top 27 Utah-focused Monetary, Financial and/or Business News Nuggets for February 2025 that You Might have Missed

In this writeup, you'll find info about 27 Utah-based firms and 19 separate executives that we feel we feel made the cut as "newsworthy" in February 2025. This being the case, welcome to this writeup on Utah's Top 27 Monetary, Financial and/or Business

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

If there was any doubt that Wes Swenson is hyper-serious about the data center marketplace, such notions were disabused yesterday morning when his firm, Novva Data Centers, dropped a news release with this bombshell headline: CIM Group and Novva Data Centers Announce $2 Billion in New Financing to Accelerate Growth

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

On the surface, the news seems pretty straightforward, but it's not. So here's both the straightforward news, as well as the more complex backstory. The Straightforward News: Orem, Utah-based US Synthetic is Being Bought for ~$300 Million Orem, Utah-based US Synthetic is being sold for approximately

Utah-based Waystar Announces Public Offering Slated to Raise Over $800 Million for its Three Largest Shareholders

Utah-based Waystar Announces Public Offering Slated to Raise Over $800 Million for its Three Largest Shareholders

Lehi, Utah-based Waystar (NASDAQ:WAY) announced yesterday afternoon it would conduct a secondary public offering where its three largest shareholders will sell at least 18 million shares of common stock with gross proceeds of over $800 million, based upon yesterday's closing price of $45.11. According to the

With $20 Million in New Funding, Utah-based Jump Targets a Market Responsible for Over $128 Trillion

With $20 Million in New Funding, Utah-based Jump Targets a Market Responsible for Over $128 Trillion

Yup, $128.4 trillion. That's the Total Addressable Market that Salt Lake City, Utah-based Jump is focused on. That TAM, coupled with Jump's shocking ability to leverage artificial intelligence to make its end-users 10X more efficient (and successful), make it no surprise to this journalist that

Top 28 Utah-focused Monetary, Financial and/or Business News Nuggets for January 2025 that You Might have Missed

Top 28 Utah-focused Monetary, Financial and/or Business News Nuggets for January 2025 that You Might have Missed

In this writeup, you'll find info about 31 Utah-based organizations and 17 separate executives that we feel made the cut as "newsworthy" in January 2025. This being the case, welcome to this writeup on Utah's Top 28 Monetary, Financial and/or Business News Nuggets

The Rest of the Story: The New $500 Million Fund Raised by Pelion Venture Partners is Utah's Largest VC Fund Ever

The Rest of the Story: The New $500 Million Fund Raised by Pelion Venture Partners is Utah's Largest VC Fund Ever

Additionally, Pelion currently has more than $1.5 billion in Assets Under Management (AUM), which for a venture capital firm focused on early stage investments (let alone one in the so-called "middle" of the U.S. within a state of only 3.5 million residents) is pretty dang