Wednesday, May 19, 2021ServiceTitan Opens Office In Salt Lake
ServiceTitan, which develops software used by home service providers and tradespeople to manage appointments and other aspects of their business, says it has opened up a new customer service office in Salt Lake City, Utah. According to the company, its first expansion to the Southwest is part of its effort to fuel "rapid growth" and its pursuit of strong technology talent. The office is the company's fifth office....Continue →
Thursday, March 5, 2020Foundry Group's Mendelson Hangs Up Hat, Switches To Music
Jason Mendelson, co-founder of Boulder-based venture capital firm Foundry Group, is retiring from the firm, and intends to focus full time on his music career, according to reports today. Mendelson reportedly is working on an upcoming single produced by former Guns N' Roses drummer Matt Sorum.Continue →
Thursday, February 13, 2020Instructure Private Equity Deal At Risk
The acquisition of Salt Lake City-based Instructure is reportedly at risk, according to a report from Bloomberg, as a result of lack of support from Instructure shareholders. Thomas Bravo had offered up $47.60 per share to acquire Instructure back in December. It's unclear if Thoma Bravo will up its bid for Instructure, or walk away from the deal. Instructure is a developer of learning management systems, and had gone public in 2015 on the NYSE, and currently trades as INST....Continue →
Monday, February 10, 2020Simplus Acquired By Infosys For $250M
Salt Lake City-based Simplus, the developer of sales quoting software for Salesforce, has bee acquired by Indian technology giant Infosys, in a deal worth $250M. Infosys said it will use the acquisition to further expand its Salesforce Services in North America and Australia. Simplus is led by CEO Ryan Westwood. According to the two companies, they expect the deal to be completed with in the next 30 days....Continue →
Friday, February 7, 2020Ancestry Chops 6 Percent Of Staff As DNA Interest Wanes
Lehi, Utah-based Ancestry said this week that it has chopped 6 percent of its staff, or approximately 100 people, as a result of a slowdown in interest in DNA testing. The layoffs--and slowdown--come only a couple of years after Ancestry had been reporting record sales of its DNA tests. Ancestry said that, over the last 18 months, is has seen a "slowdown in consumer demand across the entire DNA category", saying that "most early adopters have entered the category"....Continue →
Thursday, January 16, 2020SpinLaunch Gets $35M For Spaceport America Expansion
SpinLaumch, a space startup working on oribal launch systems which use a kinetic launch system to deliver payloads into space from the ground using a mass acceleration system, has raised $35M more, the company said on Thursday afternoon. The company said the funding came from Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr and Byers Family. According to the company, part of the funding will go towards building a flight test facility at New Mexico's Spaceport America....Continue →
Thursday, January 9, 2020Lime Shuts Down E-Scooter Services In Phoenix
E-scooter company Lime is retreating from Phoenix, Arizona, as part of a broader shutdown of services in cities where it says it is not seeing a profitable business. Lime said that it is shutting down in "select communities throughout the world where micromobility has evolved more slowly" as it has "shifted our primary focus to profitability"....Continue →
Monday, January 6, 2020Avii Finds New Funding
Lehi, Utah-based Avii, the Silicon Slopes startup developing tax, audit, advisory, and compliance management software for accounting firms, said on Monday that it has received new funding from Blue Diamond Capital. Blue Diamond Capital is based in Provo. Size of the new funding round was not announced, however, Avii says the new funding joins more than $2.5M the company has raised from internal funding from operational profit....Continue →
Tuesday, December 17, 2019Geoforce, With R&D In Montana, Acquired By LRR Partners
Geoforce, a developer of Internet-of-Things (IoT) equipment used for field asset tracking in the oil and gas market which has its research and development offices in Bozeman, Montana, has been acquired by private equity investor LRR Partners. According to LRR Partners, it has acquired a majority stake in Geoforce, and made a growth capital investment in the business. Financial details of the deal were not announced....Continue →
Monday, December 16, 2019Coalfire Acquired By Apax Partners
Westminster-based Coalfire, which provides cybersecurity advisory and assessment services, has been acquired by private equity investor Apax Partners. Coalfire had previously been owned by two other, private equity investor, The Carlyle Group and The Chertoff Group. Financial details of the deal were not announced by the companies. According to the companies, the transaction is expected to be completed in early 2020....Continue →
Monday, December 9, 2019Crusoe Energy Systems Gets $30M To Convert Flare Gas To Bitcoin
Denver-based Crusoe Energy Systems, a startup which uses excess flare gas from shale drilling sites to power Bitcoin mining equipment, has raised $30M in a funding round, the company said last week. The company said the funding came from Bain Capital Ventures, along with The KCK Group, Founders Fund, Winklevoss Capital, and Polychain Capital. The company said it also received $40M in project financing, bringing its total new capital to $70M....Continue →
Tuesday, November 19, 2019Report: Zayo Group Looks To Sell Colocation Division
Boulder-based Zayo Group, the provider of colocation and bandwidth services, is reportedly looking to unload its colocation business, according to a report from Bloomberg. The report--citing "people familiar with the matter"--says the sale could be worth around $1 billion. The sale comes just seven months after the acquisition of Zayo by two private equity investors, Digital Colony Partners and EQT Partners. Possible buyers for Zayo's colocation business were not detailed in the report....Continue →
