Glacier Bancorp, a Montana-based commercial banking company, has agreed to acquire Altabancorp, the holding company for Utah-based community bank Altabank for $933.5 million. Headquartered in American Fork, Altabank offers banking services to individuals and businesses across Utah and southern Idaho. It has 25 branches located from Preston, Idaho to St. George in Utah. As of […]
Adobe has agreed to acquire Workfront, a Utah-based company that develops web-based work management and project management software, for $1.5 billion. Established in 2001, Workfront provides solutions to help marketers in managing their content, in planning and tracking marketing campaigns, and also for carrying out complex workflows across teams. Workfront’s combination with Adobe Experience Cloud […]
Clene Nanomedicine, which is engaged in developing nanocatalysts for the treatment of bioenergetic failure associated with neurodegenerative diseases, has raised $42.5 million in a Series D equity financing round. The Utah-based clinical-stage biopharma company plans to use the proceeds to advance its pipeline of products, in particular its lead nanocatalyst CNM-Au8. According to Clene Nanomedicine, […]
Dakota Mountain Lodge Homeowners Association, a hotel investment company, has acquired Waldorf Astoria Park City, a luxury hotel in Park City, Utah for an undisclosed price. Featuring 159-guestrooms and suites, Waldorf Astoria Park City is situated at the Canyons Village base of Park City Resort. It is said to encompass newly renovated rooms along with […]
Repay Holdings, a provider of vertically-integrated payment solutions, has acquired Utah-based accounts payable automation provider cPayPlus in a deal worth up to $16.0 million. As per the terms, cPayPlus has been paid $8 million at the closing of the deal and will receive up to $8 million based on meeting certain growth targets. Established in […]
ManhattanLife, a US life insurance company, has agreed to acquire Utah-based Standard Life and Casualty Insurance Company for an undisclosed price in a move to expand its national presence and complement its product offerings. Founded in 1946, Standard Life and Casualty Insurance provides specialty life, health, accident, and disability. The company has been owned and […]
Orion Real Estate Partners, a Los Angeles based real estate investment firm, has acquired Lookout Pointe Apartments, a garden-style apartment community in Provo, Utah. The real estate investment company, which bought the 115-unit apartment community this month, intends to invest nearly $1.1 million in interior and exterior improvements. Lookout Pointe Apartments overlooks Provo from a […]
SoFi acquisition of Galileo : Social Finance (SoFi), a US online personal finance company, has signed a $1.2 billion worth cash-cum-stock deal to acquire Galileo Financial Technologies. Headquartered in Salt Lake City, Utah, Galileo Financial Technologies is a payments and banking technology provider. Through its open APIs, the fintech company’s digital payments platform enables critical […]
Parkland Fuel Corporation has wrapped up its previously announced acquisition of Utah-based regional retail dealer and commercial fuel business Kellerstrass Oil Company. The Canadian independent fuel retailing company signed the deal last month through its fully owned US subsidiaries (collectively, called Parkland USA) to acquire the US petroleum marketer. Financial terms of the deal were […]
IDbyDNA claims that its Explify Respiratory test can detect Wuhan Coronavirus apart from more than 900 viral, bacterial, fungal, and parasitic pathogens. According to the California-based metagenomics technology company, the Explify Respiratory test is a validated laboratory-developed test for respiratory pathogens like human coronaviruses. The Wuhan Coronavirus detection test is currently available at the IDbyDNA […]