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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.

EnergySolutions Enters a $60 Million "Stalking Horse" Agreement to Acquire Certain Assets from Williams Industrial Services Group in Chapter 11 Bankruptcy Proceedings

EnergySolutions Enters a $60 Million "Stalking Horse" Agreement to Acquire Certain Assets from Williams Industrial Services Group in Chapter 11 Bankruptcy Proceedings

In summary, Williams Industrial is seeking Chapter 11 protection with the Bankruptcy Court. As part of this filing, EnergySolutions has agreed to purchase various assets from Williams Industrial for $60MM, pending the Court's approval. However, approval of the deal may take two months or longer. Salt Lake City

A Journalist's Rant: Why Do So Many Firms Suck at PR?

A Journalist's Rant: Why Do So Many Firms Suck at PR?

Five basic tips to either kickstart, or upgrade, your Media Relations / Publicity efforts. {HINT: It's actually not that hard.} True Story: Earlier this week a news release headline caught my attention, so I opened the file and skimmed the body of the release. Since I found the information

ICYMI: The Top Six Stories from the First Half of July 2023

ICYMI: The Top Six Stories from the First Half of July 2023

From the powerful message of the movie Sound of Freedom to the $1.1 billion company valuation boost Recursion Pharmaceuticals gained after accepting a $50 million private investment from NVIDIA, we deliver our perspectives on each of the top 6 money stories in Utah for first half of the month

NVIDIA's $50 Million Investment in Recursion Pharmaceuticals Proves Recursion is on the Right Path

The surprise $50 million PIPE investment by one of the hottest companies on the planet into Salt Lake City's top "TechBio" company has nearly doubled Recursion's market capitalization in just two days to almost $2.3 billion. In other words, NVIDIA's $50MM

For $317 Million, all of Utah will Finally have Access to a Broadband Internet Connection ... Soon-ish

For $317 Million, all of Utah will Finally have Access to a Broadband Internet Connection ... Soon-ish

It's not cheap - nearly $4,600/Utah household - but with ~$42.5 billion in total funding, all Utahns and Americans are slated to have broadband availability sometime before 2028, courtesy of the Broadband Equity, Access, and Deployment (BEAD) program within the U.S. Department of Commerce

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Qualtrics (NASDAQ:XM) is no longer a publicly traded company as Silver Lake and Canada Pension Plan Investment Board (CPP Investments) have acquired the leading "Experience Management" firm. According to my calculations, the per share acquisition price of $18.15/share, coupled with an additional $1 billion investment

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation has now raised $7.2 million over three financing rounds and currently serves over 3,000 restaurant locations. Why? In large part it's because its AI-powered application helps owners and operators to capture diner feedback of up to 25% and provide them with real-time, actionable data. Lehi,