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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.

Mariana Minerals Raises $310 Million as Utah Becomes Proving Ground for Autonomous Mining

Mariana Minerals Raises $310 Million as Utah Becomes Proving Ground for Autonomous Mining

EXECUTIVE SUMMARY ✅ Mariana Minerals just raised $310 million in Series B financing, pushing the company’s valuation to roughly $1.5 billion. ✅ CEO Turner Caldwell says all mining machinery is AI-powered and autonomous at Copper One, Mariana’s recently purchased and reopened copper mine / refinery in southeastern Utah, with

Domo, Chapter 2: Behind Its $400 Million Asset Sale, Domo Was Preparing for a Possible Chapter 11 Bankruptcy Filing

Domo, Chapter 2: Behind Its $400 Million Asset Sale, Domo Was Preparing for a Possible Chapter 11 Bankruptcy Filing

EXECUTIVE SUMMARY ✅ Domo's Preliminary Schedule 14C (PREM-14C) filing reveals that the Utah software company was in default under its credit agreement, operating under lender forbearance, and preparing for a possible Chapter 11 bankruptcy filing while negotiating its $400 million asset sale to Progress Software. ✅ This was no

Utah’s Weave Agrees to $650 Million Sale to Francisco Partners, Five Months After Activist Investors Won Two Seats on Weave's Board of Directors

Utah’s Weave Agrees to $650 Million Sale to Francisco Partners, Five Months After Activist Investors Won Two Seats on Weave's Board of Directors

EXECUTIVE SUMMARY ✅ Lehi-based Weave Communications has agreed to be acquired by Francisco Partners for approximately $650 million, or $7.40 per share in cash, a 34% premium to WEAV’s 17 August closing price. ✅ The $7.40 exit price is still 69.17% below Weave's opening price

NEWS OF NOTE No. 5 — Carlyle Acquires a Utah Defense-Tech Firm, College Football, a National Bank Moves its Headquarters to Utah, Plus Executive Moves Across Higher Education, Manufacturing, Venture Capital and More

NEWS OF NOTE No. 5 — Carlyle Acquires a Utah Defense-Tech Firm, College Football, a National Bank Moves its Headquarters to Utah, Plus Executive Moves Across Higher Education, Manufacturing, Venture Capital and More

EXECUTIVE SUMMARY ✅ Carlyle Group has acquired Centerville, Utah-based defense-technology firm Secturion Systems, making the Utah company the first investment by Carlyle's new dedicated middle-market Aerospace, Defense / Government and Industrials platform; ✅ Brigham Young University Athletics and Lehi-based Entrata have signed a multi-year agreement making

Five Months After a $490 Million Refinancing, Utah’s Varex Imaging Agrees to be Acquired by Teledyne in a $1.1 Billion Deal

Five Months After a $490 Million Refinancing, Utah’s Varex Imaging Agrees to be Acquired by Teledyne in a $1.1 Billion Deal

EXECUTIVE SUMMARY ✅ Salt Lake City-based Varex Imaging has agreed to be acquired by Teledyne Technologies for $18.90 per share in a cash transaction carrying an aggregate value of approximately $1.1 billion, including Varex equity awards and net debt. ✅ Based upon the 42.1 million Varex common shares

NEWS BRIEF: Utah "Wins" Best State in America for 4th Year in a Row, a New Record from U.S. News & World Report

NEWS BRIEF: Utah "Wins" Best State in America for 4th Year in a Row, a New Record from U.S. News & World Report

It is one thing to "win" anything, to come in first place, to be named the best. But achieving the same feat four times ... let alone 4x in a row?!?!?! Nah, that rarely, rarely happens, in any field, in any endeavor. But, as just announced by none other

Domo, Chapter 1: Utah’s Domo Agrees to Sell Substantially All of Its Operating Assets to Progress Software for $400 Million

Domo, Chapter 1: Utah’s Domo Agrees to Sell Substantially All of Its Operating Assets to Progress Software for $400 Million

EXECUTIVE SUMMARY ✅ Utah-based Domo has agreed to sell substantially all of its operating assets and transfer its employees to Progress Software for approximately $400 million in cash. ✅ If the deal is approved and consummated, Domo will survive under a new name and stock ticker, retaining an estimated $246 million