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Technology

Utah Money Watch provides perspective and contextual insights on all financial aspects of the Technology marketplace within Utah, from A.I. to blockchain and from SaaS to Consumer Electronics.

NEWS BRIEF: Utah-based Health Catalyst is Acquiring Virginia-based Intraprise Health for $43 Million in Cash and Stock

NEWS BRIEF: Utah-based Health Catalyst is Acquiring Virginia-based Intraprise Health for $43 Million in Cash and Stock

Salt Lake City-based Health Catalyst (NASDAQ:HCAT) is acquiring Reston, Virgina-based Intraprise Health for $43 million in cash and stock. According to the acquisition news release, Intraprise "... is (considered) the leading compliance and cybersecurity organization that provides a holistic visualization of compliance and security posture for healthcare." According

NEWS BRIEF: Utah-based rPlus Energies Lands $304 Million in New Financings to Help Drive Renewable Energy Projects

In 2024, rPlus has now raised nearly $1.9 billion in equity and debt financings to support over 1.2 Gigawatts of projects under construction and an additional 15GW in development. Salt Lake City, Utah-based rPlus Energies has landed $304 million in new financings to help it drive construction of

NEWS BRIEF: Utah-based Varex Imaging is Raising $125 Million through the Sale of 7.857% Senior Secured Notes

NEWS BRIEF: Utah-based Varex Imaging is Raising $125 Million through the Sale of 7.857% Senior Secured Notes

One of the world's largest manufacturers of components for medical and industrial X-ray machines, Salt Lake City, Utah-based Varex Imaging (NASDAQ:VREX), has announced plans to raise $125 million through a bond sale. According to its news release earlier this week, Varex expects to sell $125 million of

NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

The Air Force Sustainment Center of the Ogden Air Logistics Center at Hill Air Force Base (Hill AFB) in Roy, Utah and Layton, Utah has awarded a new 10-year contract to five businesses worth up to $751 million. According to the Contracts News page of the U.S. Department of

NEWS BRIEF: Utah Transit Authority to Spend $129 Million for 20 New Low-Profile Light Rail Vehicles for TRAX

NOTE: UTA's contract with Utah-based Stadler USA for these 20 new TRAX cars includes an option to purchase up to 60 additional vehicles during the the coming decade (pending additional funding). The Utah Transit Authority has placed a $129 million order to purchase 20 new low-profile, light rail

Reading the Tea Leaves — Semeru Equity Partners Has Actually Purchased Controlling Interest in Utah-based JobNimbus for $330 Million and NOT Just Invested in the Firm

Reading the Tea Leaves — Semeru Equity Partners Has Actually Purchased Controlling Interest in Utah-based JobNimbus for $330 Million and NOT Just Invested in the Firm

Author's Note: Meaning can be transformed by changing a single word. That's a lesson I learned a long time ago. So, at the risk of being a "word geek," let me attempt to explain why words matter. The BusinessWire "Word Use" vs.

Three Utah Firms — Paiv, Paramify, and Paterna Biosciences — Have Raised a Combined $14.5 Million in Seed Round Funding

Three Utah Firms — Paiv, Paramify, and Paterna Biosciences — Have Raised a Combined $14.5 Million in Seed Round Funding

How it is that each of these three firms have names that start with the letters "Pa," I cannot say. Nevertheless ... Two Lehi-based firms, Paiv (formerly Gamify) and Paramify, have raised $5.0 million and $3.5 million, respectively, while Salt Lake City-based Paterna Biosciences raised $6.0