Deseret Business Watch, 12760 So. Park Avenue #768, Riverton, UT (2025)

10/09/2024

QUESTION: "Are you Headed to Amplēo's Amplify Growth Summit in Sandy, Utah Tomorrow? If So, Cool. If Not, Why the Heck Not?!?!?!"

This event hit my radar just the other day, but I gotta admit, it looks like a great gig for learning and networking.

So, to learn more (or buy tickets), head on over to Utah Money Watch to read my brief writeup here: https://www.utahmoneywatch.com/headed-to-ampleos-amplify-growth-summit-in-sandy-utah-tomorrow-if-so-cool-if-not-why-the-heck-not/.

Thanks.

David

08/28/2024

ICYMI: "Utah-based Purple Innovation is Closing its Two Manufacturing Plants in Utah, Will Layoff Approximately 13% of its Staff, and Expects Restructuring Costs of $35 Million to $45 Million."

If all you want is the headline, there you go.

If you're looking for the rest of the story, however, then please turn to Utah Money Watch to read https://www.utahmoneywatch.com/utah-based-purple-innovation-is-closing-its-two-manufacturing-plants-in-utah-will-lay-off-approximately-13-percent-of-its-staff-and-expects-restructuring-costs-of-35-million-to-45-milli/.

Thanks.

And for you execs and pros out there, the Utah Department of Workforce Services recently reported that the state's rate was 3.2% in July 2024.

That translates into more job openings than people looking for work.

That said, hopefully these newly workers can find new positions ASAP. 🙏 🙏 🙏

David

07/22/2024

BREAKING NEWS: "Utah-based Health Catalyst has Borrowed $125 Million from a New Credit Facility Worth up to $225 Million."

FYI: This news itself is fairly straightforward, which I have outlined within this writeup.

However, I've also taken the opportunity to provide a decent overview of Health Catalyst within this writeup too.

So, to gain better insights into this "... leading provider of data and analytics technology and services to healthcare organizations ..." I invite you to visit Utah Money Watch to check-out my report here: https://www.utahmoneywatch.com/utah-based-health-catalyst-has-borrowed-125-million-dollars-from-a-new-credit-facility-worth-up-to-225-million-dollars/.

Thanks.

And as always, if you find the info/insights in this writeup / , please know that your , , , and are similarly useful / helpful to us.

All the best.

Dave Politis,

Founder, Editor & Publisher

Utah Money Watch

P.S. The "hero" photo for this post was downloaded from Unsplash on 21 July 2024 and provided by the National Cancer Institute (NCI).

04/16/2024

NEWS: The Boeing Company has been Awarded a New Hill Air Force Base Contract Valued at $559 Million over a Five-Year Period.

To get an overview, please check out my on Utah Money Watch here: https://www.utahmoneywatch.com/boeing-has-been-awarded-a-new-hill-air-force-base-contract-valued-at-559-million-dollars-over-a-five-year-period/.

NOTE: The photo shows two Boeing employees inspecting test equipment on a Minuteman III intercontinental ballistic missile guidance set and propulsion system hardware at the Little Mountain Test Facility of Hill Air Force Base in Ogden, Utah. (Photo downloaded from Boeing website 15 April 2024.)

To be clear, Boeing has been running HAFB's Little Mountain Test Facility for 50 years, so it's not like it was a surprise that Boeing won the "new" contract.

That said, $599 million is still $599 million, which pencils out to just under $120MM per year, much of which will likely be pumped into the local economy.

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A QUICK NOTE:

Starting today, the only way to receive instant notifications that Utah Money Watch has published a new report, news story, and/or analysis is to subscribe (for free) to Utah Money Watch (as social media notices will be delayed by at least 24 hours on a go-forward basis).

Doing so takes less than 30 seconds and can be done on any page on the Utah Money Watch website.

Simply,

1. Click on a Blue & White "Subscribe" button on any Utah Money Watch webpage,

2. Enter in your name in the proper field in the popup window that appears on-screen, and

3. Enter your preferred email address in the proper field too.

That's it. And "Yes," it really is that simple.

And ... it IS free.

So please subscribe today.

Thank you.

David

07/26/2021

ICYMI - There were 3 in over the 8-day period that ended last Friday: Sera Prognostics, Bridge Investment Group, and Instructure.

And based upon my records, Utah's business community has NEVER had such an IPO explosion as what we're seeing in 2021.

FYI: In total, the 3 firms raised over $600MM in combination.

To get the full details, please check out the latest issue of Deseret Business Watch at "Three Utah IPOs in Eight Days: Instructure, Bridge Investment Group, and Sera Prognostics; Two Acquisitions; and More (Week-in-Review Highlights, July 16—23, 2021)" -- https://davidpolitis.substack.com/p/three-utah-ipos-in-eight-days-instructure.

And please feel free to , , and/or .

Thanks.

David

05/10/2021

WHY was Bill.com willing to spend $2.5 billion to DIVVY? That IS the real question.

As it turns out, there are 25 TRILLION reasons why this purchase makes sense for .com!

By acquiring , Bill.com doubles the size of its North American (Total Addressable Market) to $25 Trillion.

In other words, by only spending 1/10,000th of its new total TAM, .com 2Xed its . Sounds like a screaming deal to me!

To learn this and all the other details about the Divvy | Inc. acquisition that other media may have missed, plus everything major that happened in 's business community last week, read "Divvy and Four Other Firms Bought, and More (The Week-in-Review, May 01—07, 2021)" from Deseret Business Watch.

Here's the link: https://davidpolitis.substack.com/p/divvy-and-four-other-firms-bought.

As always, please feel free to , and/or if you what read. Thanks. David

05/03/2021

How much money was raised (or invested) in the community last week? Over $800 million, and it's all detailed in the latest edition of Deseret Business Watch.

We had two separate $100 million fundings (one inbound, the other outbound) and multiple & .

And we also had a $500 million .

To get the details, please read https://davidpolitis.substack.com/p/recursion-ipo-sera-raises-100mm-wasatch.

And if you like what you read, I hope you'll feel free to Share it on your feed or Like or Comment or Subscribe .. or all four!

Thank you.

04/28/2021

Clearly companies have a large presence in . But any guess as to the ranking of the Top 10 firms in the state? Or their combined annual revenue?

Well ... if you want to know the answer this these questions, I invite you to check out my latest Feature Story for Deseret Business Watch titled, appropriately enough, "Top 10 Direct Sales Firms in Utah." (Here's a link to the issue: https://davidpolitis.substack.com/p/top-10-direct-sales-firms-in-utah.)

If you like this article, I hope you'll take a second to share this post (or the article itself) in your LinkedIn feed.

And if you're not a yet, I hope you'll take a second to "sign-up" -- subscriptions are .

And ... if you have an idea for a company, person, or topic to feature on Deseret Business Watch, please drop me a DM. Thanks.

David
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04/01/2021

How much money do you need? Really? Well, if you're CEO of a company, turns out you'll need to raise billions of dollars to have a chance of being successful.

So although -based Recursion had already raised over $450 million in in its 8 year history, it's not surprising that this -driven company announced last week its plans for an .

My take on this announcement, and why I believe Recursion is going to succeed, are summarized in this week's in-depth Feature Story titled "Recursion Pharma is Going Public."

Here's the link to the story: https://davidpolitis.substack.com/p/recursion-pharma-is-going-public. I hope you'll give it a read.

And if you haven't done so yet, I invite you to sign up for a . Thanks.

David

02/18/2021

Much of Utah's business community is twitter-pated today after the Milken Institute released its "Best-Performing Cities 2021 Report" yesterday that ranked as the No. 1 "Large City" in its report (with and ranked as No. 4 and No. 9, respectively).

And based upon why these cities are ranked, it's a great past performance indicator, worthy of chest-thumping and backslapping.

However, if all one did was skimmed the surface of the Report, you would have missed the fact that two other cities also made the grade:
🔹 , Utah and
🔹 , Utah
within the Report's ranking of the Best-Performing Small Cities, with Logan coming in at No. 2 and St. George coming in at No. 4.

But ... Deseret Business Watch includes such information in today's in-depth feature story. Plus we also dig into the What, Why, and How Utah was transformed from being a "flyover state" into a "destination state" in the past 50 years.

For all of the details, please visit https://davidpolitis.substack.com/p/five-utah-metros-recognized.

And thanks in advance.

David

02/05/2021

Do you have a favorite drink from Swig? Turns out that before this week I had NEVER (yeah, never) had a drink from Swig. LOL

So ... I recorded a "live" taste-test of 5 sodas from Swig this week, and I shared this vid as part of my deep-dive, feature story titled "Swig Shoots for Soda Supremacy" which was published yesterday on Deseret Business Watch. (You can read it here: https://davidpolitis.substack.com/p/swig-shoots-for-soda-supremacy.)

So if you haven't done so yet, I invite you to check out the story (and taste test).

And if you like it, I hope you'll sign-up for a Free Subscription. Thanks.

David

P.S. I now have a Favorite drink and a Least Favorite drink from Swig. Any guesses?

02/01/2021

The latest issue of Deseret Business Watch is now available here: https://davidpolitis.substack.com/p/qualtrics-slc-plan-prison-restrictions.

This week we focus on Qualtrics, Salt Lake City, Utah, prison restrictions, the environment, the acquisition of 2 Utah-based businesses, and more.

I hope you’ll give it a look. Thanks

David

P.S. The image is a screen grab from the Twitter feed of Qualtrics Chairman & Co-Founder, Ryan Smith.

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