Monthly Archives: December 2013

Year 2 for Radiate Media as Utah’s Fastest Growing Company for 2013 by MountainWest Capital Network

 

CampusBookRentals, Hirevue, EQUINOX Business Solutions, LifeVantage, Peak Capital Partners, 3 Key Elements, The Ready Project, ZAGG and ENVE Round Out Utah 100 Top-10

SALT LAKE CITY, Oct. 22, 2013 – For the second year in a row, MountanWest Capital Network (MWCN) (www.mwcn.org) today honored Radiate Media (www.radiatemedia.com) as the fastest growing company in Utah for 2013 at the 19th annual Utah 100 Awards Program recognizing the 100 fastest growing companies in Utah.

Radiate Media was also the No. 1 fastest growing company in Utah at last year’s event.

“This is the first time we have recognized the same company as the fastest growing company two years in a row,” said Devin Thorpe, president of MWCN. “What a great tribute to Radiate Media who is experiencing such great growth and success. It requires amazing compound growth to be at the top of this list two years straight.

“We congratulate each of the companies in the Utah 100, Emerging Elite and Top Revenue Growth Companies for their tenacious work, entrepreneurial spirit and growth. Utah provides one of the best environments in the U.S. for businesses to succeed and these companies represent the growth engine for Utah jobs.”

Additionally, MWCN recognized the 15 Top Revenue Growth Companies and the 14 Emerging Elite companies in Utah.

2013 Top Revenue Growth Companies

These companies have the largest dollar amount of revenue growth between 2008 and 2012 and may or may not be included in the Utah 100:

  1. Huntsman Corporation
  2. Nu Skin Enterprises
  3. Ancestry.com, Inc.
  4. Overstock.com, Inc.
  5. ZAGG Inc.
  6. Academy Mortgage
  7. USANA Health Sciences, Inc.
  8. Diamond Wireless
  9. Vivint, Inc.
  10. Merit Medical Systems, Inc.
  11. Myriad Genetics, Inc.
  12. Extra Space Storage, Inc.
  13. England Logistics
  14. LifeVantage, Corp.
  15. Ralph L. Wadsworth Construction Company, LLC

2013 Emerging Elite

In alphabetical order – no ranking) These companies have less than five, but more than two years of operation and show significant promise for future growth and success:

2013 Utah 100 Fastest Growing Companies in Utah

The Utah 100 rankings are determined from thousands of eligible companies throughout the state representing all industries. The rankings are determined by the percentage of revenue increase from 2008 through 2012:

  1. Radiate Media
  2. CampusBookRentals Inc.
  3. HireVue, Inc.
  4. EQUINOX Business Solutions
  5. LifeVantage Corp.
  6. Peak Capital Partners
  7. 3 Key Elements, Inc.
  8. The Ready Project
  9. ZAGG Inc
  10. ENVE
  11. Wadsworth & Sons III
  12. Property Solutions International, Inc.
  13. IntegraCore, LLC
  14. Academy Mortgage
  15. School Improvement Network, Inc.
  16. Proficio Bank
  17. Castle & Cooke Mortgage LLC
  18. Cariloha
  19. Goodwin Media
  20. Veritas Funding
  21. ApplicantPRO
  22. Gauss Management Research and Engineering, Inc.
  23. StorageCraft Technology Corporation
  24. iTok.net
  25. HealthEquity, Inc.
  26. Pluralsight
  27. Amara Day Spa Salon & Boutique
  28. Neutron Interactive
  29. Datamaster
  30. LYFE Communications, Inc.
  31. You Need A Budget
  32. Cicero Group
  33. Wadsworth & Sons II
  34. Foresight Wealth Management
  35. Diamond Wireless
  36. Sentinel Field Services, Inc.
  37. UNICONNECT
  38. AccessData Group
  39. Johnson Mark LLC
  40. VPI Engineering
  41. CLEARLINK
  42. BidSync
  43. VMI Nutrition
  44. Dialogue Marketing, Inc.
  45. Infuse Medical
  46. Intelligent Enclosures Inc.
  47. AtTask
  48. Truenorthlogic
  49. CG Sparks
  50. Molding Box Inc.
  51. Five Star Franchising
  52. Park City Group, Inc.
  53. InsideSales.com
  54. Packsize International
  55. Executech
  56. Axiom Financial
  57. Simply Mac, Inc.
  58. Davinci Virtual Office Solutions
  59. Conservice, LLC
  60. Larsen Billing Service, LLC
  61. Mindshare Technologies
  62. Veracity Networks, LLC
  63. Process Instruments, Inc.
  64. Fishbowl
  65. ATMequipment.com
  66. BROADCAST INTERNATIONAL INC
  67. Ancestry.com Inc.
  68. Kneaders Bakery & Cafe
  69. Cafe Rio
  70. Candle Warmers Etc.
  71. Interior Alliance
  72. Peck Ventures, Inc.
  73. Investview, Inc.
  74. Telarus, Inc.
  75. GV Floorcare
  76. Lead Media Partners
  77. Professional Cable
  78. Parallel HR Solutions, Inc.
  79. Rev It Logistics
  80. InsideOut Development
  81. US Translation Company
  82. FX ENERGY INC
  83. ServerPlus
  84. Durham Brands
  85. Diversified Financial Planning Inc.
  86. Greenlight Group
  87. VLCM
  88. Teleira
  89. Ralph L. Wadsworth Construction Company, LLC
  90. Control4 Corporation
  91. Axiom Home Loans
  92. SimTek Fence
  93. eFileCabinet
  94. Vivint, Inc.
  95. J D Machine Corp.
  96. GoEngineer, Inc.
  97. VitalSmarts
  98. eGlobal
  99. Nu Skin Enterprises
  100. Merit Medical Systems, Inc.

About MountainWest Capital Network

MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital.

Radiate Media Continues Growth, Expansion Since No. 1 2012 MWCN Utah 100 Ranking

By Tamsen Maloy, Snapp Conner PR

Radiate Media ranked No. 1 of the MountainWest Capital Network (MWCN) Utah 100 Fastest Growing Companies in Utah in 2012. Since that time, Radiate Media has shown no sign of slowing down.

Radiate Media specializes in media and business outreach. They help businesses and media reach the people, customers, and contacts most important to any given product or idea. Their extensive line of services creates individualized results for clients, and with offices in Salt Lake City, Chicago, New York and more, their sphere of influence is increasingly broad.

Since MWCN’s 2012 Utah 100, Radiate Media has increased name recognition, hired more employees, broken even financially, and has released a successful new product, all in one year.

One of Radiate Media’s biggest accomplishments since last year is the successful release of its new product Radiate 360. “This is our small business promotional marketing platform,” said Chris Rothey, CEO of Radiate Media. “It allows small business to manage their own website, manage their own social networking accounts, it has directory management, reputation management, and they can buy online, mobile, and broadcast ad campaigns all from the platform.”

Several hundred small businesses have already adopted the platform and are pleased with the program.

Radiate Media also increased the number of employees, with projections to hire more as a result of the new product success. “If we hit our goal I can see us hiring another 30 to 40 people in the coming year,” Rothey said.

When it comes to the positive impact of participating in the Utah 100, Radiate Media is not without its due measure. “The interesting thing was after last year’s win people came up to us and said, ‘What do you do? I’ve never heard of you,’” Rothey explained. “The biggest thing we got out of it was name recognition in Utah and that’s really helped us both in recruiting quality people and increasing morale of our employees.”

The Utah 100 doesn’t only have an impact on the No. 1 ranked company; it is an opportunity that affects any company involved. “It really helps the movers and shakers in Utah,” Rothey said. “It allows them to get to know each other. It’s a huge networking opportunity.”

Rothey also said that recognizing the hard work Utah companies put into their businesses is a great motivator to continue the work. “Money is one thing to motivate people, but often just a pat on the back is a great motivator and I think that’s a key thing the Utah 100 offers and I don’t think that’s available in too many other places.”

The 2013 Utah 100 Fastest Growing Companies rankings will be released October 22, the day of the event. But regardless of where on that list Radiate Media appears this year, one thing is sure: Radiate Media is going nowhere but forward.

Utah Deals Grew Significantly in 2012 Lead by Big Name Mergers and Acquisitions

Last Thursday I attended the MountainWest Capital Network (MWCN) Deal Flow event. I’ve attended the event many times before, but this year’s was different. The 18th annual Deal Flow report of all Utah deals conducted in 2012 grew substantially. It was in fact, the largest deal year in Utah in about 14 years.
 
In 2012, there were 292 deals conducted worth more than $11 billion. This was a significant increase over recent years. Even more impressive was the number of mergers and acquisitions (M&A) that took place. There were 110 M&A deals worth more than $10 billion – the largest deal category for 2012.
 
Of the 110 M&A deals, the largest seven comprised 75 percent of the total, or more than $7.75 billion for the category.
 
Those seven were comprised of some of the largest M&A deals in Utah history (beat only by the $11.7 billion Albertsons acquisition of American Stores in 1999 in a single deal) including, Vivint, the largest technology acquisition in Utah, who was acquired by Blackstone Group for $2 billion; Ancestry.com, who was acquired by Permira (the largest acquisition in Utah by a foreign buyer) for $1.6 billion; Schiff Nutritional International Inc., who was acquired by Reckitt Benckiser Group Plc. for $1.4 billion; CHG Healthcare, who was acquired by Leonard Green & Partners and Ares Management for $1.1 billion; 1800Contacts, who was acquired by WellPoint for $900 million; Accelerated Payment Technologies, who was acquired by Global Payments for $413 million; and MediConnect Global, who was acquired by Verisk Analytics for $349 million.
 
MWCN President Devin Thorpe said, “We believe the key driver of M&A volume in 2012 was increasing economic confidence among acquiring companies due to Utah’s strong economy. It is also evident that some of the motivation behind mergers or acquisitions in 2012 was due to concerns about rising capital gains tax increases anticipated in 2013.”
 
The Venture capital, private equity and angel-investing category continued to follow a steady year-over-year increase in 2012 with $831 million invested in 176 deals. Red Leaf Resource, Qualtrics and Progressive Finance were the top three investments.
 
Initial public offerings continued its weakening trend among all categories with none reported in Utah in 2012. There were only two in the past three years – both in 2011 totaling $423 million. Only six public offerings were conducted in 2012 totaling $106 million.
 
“We believe the poor performance of public offerings is due in large part to the large supply of capital in private equity,” said Thorpe. “Current valuations, lower operating costs, lingering and increasing costs, and increased regulation associated with public entities have combined to make IPOs less advantageous.”
 
The 2012 Deal Flow Report shows that $8.7 billion was gained from out-of-state investors compared to $1.4 billion spent by Utah companies acquiring out-of-state companies.
 
The 2012 Deal Flow was comprised of a diverse set of Utah companies. The software and technology sector lead all others with 22 percent of deals. Combined, software, technology, Internet software and services accounted for 39 percent of all sectors.
 
·       Software/Technology 22%
·       Internet Software and Services 17%
·       Healthcare 15%
·       Food and Beverage 14%
·       Consumer Products/Retail 11%
·       Financial Services 8%
·       All others 12%
 
The Deal Flow report is put out by MWCN each year and represents the most comprehensive and complete annual assessment of capital raising and business transactions compiled in Utah. A PDF version of the Deal Flow Report is available at www.mwcn.org.
 
Author: A. Cory Maloy | 
 
 
 

Utah 100 Honoree Rick Alden of Skullcandy Nominated for National Award

Utah 100 Honoree Rick Alden of Skullcandy Nominated for National Award

The MountainWest Capital Network congratulates Rick Alden, CEO of Skullcandy Inc, on his nomination for Entrepreneur Magazine’s Entrepreneur of 2009 Award. Skullcandy was number two on the 2008 Utah 100 list, was a previous Emerging Elite company, and was recently named to the 2009 Utah 100 list.

Rick personifies Utah’s entrepreneurs and Skullcandy Inc is symbolic of all our Utah 100 honorees, showing what a fertile environment our state is for businesses of all kinds. This nomination shows the nation recognizes the people and business climate of our great state.

Click Here to Read About and Vote for Rick

Radiate Media Continues Growth, Expansion Since No. 1 2012 MWCN Utah 100 Ranking

By Tamsen Maloy, Snapp Conner PR

Radiate Media ranked No. 1 of the MountainWest Capital Network (MWCN) Utah 100 Fastest Growing Companies in Utah in 2012. Since that time, Radiate Media has shown no sign of slowing down.

Radiate Media specializes in media and business outreach. They help businesses and media reach the people, customers, and contacts most important to any given product or idea. Their extensive line of services creates individualized results for clients, and with offices in Salt Lake City, Chicago, New York and more, their sphere of influence is increasingly broad.

Since MWCN’s 2012 Utah 100, Radiate Media has increased name recognition, hired more employees, broken even financially, and has released a successful new product, all in one year.

One of Radiate Media’s biggest accomplishments since last year is the successful release of its new product Radiate 360. “This is our small business promotional marketing platform,” said Chris Rothey, CEO of Radiate Media. “It allows small business to manage their own website, manage their own social networking accounts, it has directory management, reputation management, and they can buy online, mobile, and broadcast ad campaigns all from the platform.”

Several hundred small businesses have already adopted the platform and are pleased with the program.

Radiate Media also increased the number of employees, with projections to hire more as a result of the new product success. “If we hit our goal I can see us hiring another 30 to 40 people in the coming year,” Rothey said.

When it comes to the positive impact of participating in the Utah 100, Radiate Media is not without its due measure. “The interesting thing was after last year’s win people came up to us and said, ‘What do you do? I’ve never heard of you,’” Rothey explained. “The biggest thing we got out of it was name recognition in Utah and that’s really helped us both in recruiting quality people and increasing morale of our employees.”

The Utah 100 doesn’t only have an impact on the No. 1 ranked company; it is an opportunity that affects any company involved. “It really helps the movers and shakers in Utah,” Rothey said. “It allows them to get to know each other. It’s a huge networking opportunity.”

Rothey also said that recognizing the hard work Utah companies put into their businesses is a great motivator to continue the work. “Money is one thing to motivate people, but often just a pat on the back is a great motivator and I think that’s a key thing the Utah 100 offers and I don’t think that’s available in too many other places.”

The 2013 Utah 100 Fastest Growing Companies rankings will be released October 22, the day of the event. But regardless of where on that list Radiate Media appears this year, one thing is sure: Radiate Media is going nowhere but forward.

Utah Deals Grew Significantly in 2012 Lead by Big Name Mergers and Acquisitions

Last Thursday I attended the MountainWest Capital Network (MWCN) Deal Flow event. I’ve attended the event many times before, but this year’s was different. The 18th annual Deal Flow report of all Utah deals conducted in 2012 grew substantially. It was in fact, the largest deal year in Utah in about 14 years.
 
In 2012, there were 292 deals conducted worth more than $11 billion. This was a significant increase over recent years. Even more impressive was the number of mergers and acquisitions (M&A) that took place. There were 110 M&A deals worth more than $10 billion – the largest deal category for 2012.
 
Of the 110 M&A deals, the largest seven comprised 75 percent of the total, or more than $7.75 billion for the category.
 
Those seven were comprised of some of the largest M&A deals in Utah history (beat only by the $11.7 billion Albertsons acquisition of American Stores in 1999 in a single deal) including, Vivint, the largest technology acquisition in Utah, who was acquired by Blackstone Group for $2 billion; Ancestry.com, who was acquired by Permira (the largest acquisition in Utah by a foreign buyer) for $1.6 billion; Schiff Nutritional International Inc., who was acquired by Reckitt Benckiser Group Plc. for $1.4 billion; CHG Healthcare, who was acquired by Leonard Green & Partners and Ares Management for $1.1 billion; 1800Contacts, who was acquired by WellPoint for $900 million; Accelerated Payment Technologies, who was acquired by Global Payments for $413 million; and MediConnect Global, who was acquired by Verisk Analytics for $349 million.
 
MWCN President Devin Thorpe said, “We believe the key driver of M&A volume in 2012 was increasing economic confidence among acquiring companies due to Utah’s strong economy. It is also evident that some of the motivation behind mergers or acquisitions in 2012 was due to concerns about rising capital gains tax increases anticipated in 2013.”
 
The Venture capital, private equity and angel-investing category continued to follow a steady year-over-year increase in 2012 with $831 million invested in 176 deals. Red Leaf Resource, Qualtrics and Progressive Finance were the top three investments.
 
Initial public offerings continued its weakening trend among all categories with none reported in Utah in 2012. There were only two in the past three years – both in 2011 totaling $423 million. Only six public offerings were conducted in 2012 totaling $106 million.
 
“We believe the poor performance of public offerings is due in large part to the large supply of capital in private equity,” said Thorpe. “Current valuations, lower operating costs, lingering and increasing costs, and increased regulation associated with public entities have combined to make IPOs less advantageous.”
 
The 2012 Deal Flow Report shows that $8.7 billion was gained from out-of-state investors compared to $1.4 billion spent by Utah companies acquiring out-of-state companies.
 
The 2012 Deal Flow was comprised of a diverse set of Utah companies. The software and technology sector lead all others with 22 percent of deals. Combined, software, technology, Internet software and services accounted for 39 percent of all sectors.
 
·       Software/Technology 22%
·       Internet Software and Services 17%
·       Healthcare 15%
·       Food and Beverage 14%
·       Consumer Products/Retail 11%
·       Financial Services 8%
·       All others 12%
 
The Deal Flow report is put out by MWCN each year and represents the most comprehensive and complete annual assessment of capital raising and business transactions compiled in Utah. A PDF version of the Deal Flow Report is available at www.mwcn.org.
 
Author: A. Cory Maloy | 
 
 
 

Utah 100 Honoree Rick Alden of Skullcandy Nominated for National Award

Utah 100 Honoree Rick Alden of Skullcandy Nominated for National Award

The MountainWest Capital Network congratulates Rick Alden, CEO of Skullcandy Inc, on his nomination for Entrepreneur Magazine’s Entrepreneur of 2009 Award. Skullcandy was number two on the 2008 Utah 100 list, was a previous Emerging Elite company, and was recently named to the 2009 Utah 100 list.

Rick personifies Utah’s entrepreneurs and Skullcandy Inc is symbolic of all our Utah 100 honorees, showing what a fertile environment our state is for businesses of all kinds. This nomination shows the nation recognizes the people and business climate of our great state.

Click Here to Read About and Vote for Rick

Radiate Media Continues Growth, Expansion Since No. 1 2012 MWCN Utah 100 Ranking

By Tamsen Maloy, Snapp Conner PR

Radiate Media ranked No. 1 of the MountainWest Capital Network (MWCN) Utah 100 Fastest Growing Companies in Utah in 2012. Since that time, Radiate Media has shown no sign of slowing down.

Radiate Media specializes in media and business outreach. They help businesses and media reach the people, customers, and contacts most important to any given product or idea. Their extensive line of services creates individualized results for clients, and with offices in Salt Lake City, Chicago, New York and more, their sphere of influence is increasingly broad.

Since MWCN’s 2012 Utah 100, Radiate Media has increased name recognition, hired more employees, broken even financially, and has released a successful new product, all in one year.

One of Radiate Media’s biggest accomplishments since last year is the successful release of its new product Radiate 360. “This is our small business promotional marketing platform,” said Chris Rothey, CEO of Radiate Media. “It allows small business to manage their own website, manage their own social networking accounts, it has directory management, reputation management, and they can buy online, mobile, and broadcast ad campaigns all from the platform.”

Several hundred small businesses have already adopted the platform and are pleased with the program.

Radiate Media also increased the number of employees, with projections to hire more as a result of the new product success. “If we hit our goal I can see us hiring another 30 to 40 people in the coming year,” Rothey said.

When it comes to the positive impact of participating in the Utah 100, Radiate Media is not without its due measure. “The interesting thing was after last year’s win people came up to us and said, ‘What do you do? I’ve never heard of you,’” Rothey explained. “The biggest thing we got out of it was name recognition in Utah and that’s really helped us both in recruiting quality people and increasing morale of our employees.”

The Utah 100 doesn’t only have an impact on the No. 1 ranked company; it is an opportunity that affects any company involved. “It really helps the movers and shakers in Utah,” Rothey said. “It allows them to get to know each other. It’s a huge networking opportunity.”

Rothey also said that recognizing the hard work Utah companies put into their businesses is a great motivator to continue the work. “Money is one thing to motivate people, but often just a pat on the back is a great motivator and I think that’s a key thing the Utah 100 offers and I don’t think that’s available in too many other places.”

The 2013 Utah 100 Fastest Growing Companies rankings will be released October 22, the day of the event. But regardless of where on that list Radiate Media appears this year, one thing is sure: Radiate Media is going nowhere but forward.

Utah Deals Grew Significantly in 2012 Lead by Big Name Mergers and Acquisitions

Last Thursday I attended the MountainWest Capital Network (MWCN) Deal Flow event. I’ve attended the event many times before, but this year’s was different. The 18th annual Deal Flow report of all Utah deals conducted in 2012 grew substantially. It was in fact, the largest deal year in Utah in about 14 years.
In 2012, there were 292 deals conducted worth more than $11 billion. This was a significant increase over recent years. Even more impressive was the number of mergers and acquisitions (M&A) that took place. There were 110 M&A deals worth more than $10 billion – the largest deal category for 2012.
Of the 110 M&A deals, the largest seven comprised 75 percent of the total, or more than $7.75 billion for the category.
Those seven were comprised of some of the largest M&A deals in Utah history (beat only by the $11.7 billion Albertsons acquisition of American Stores in 1999 in a single deal) including, Vivint, the largest technology acquisition in Utah, who was acquired by Blackstone Group for $2 billion; Ancestry.com, who was acquired by Permira (the largest acquisition in Utah by a foreign buyer) for $1.6 billion; Schiff Nutritional International Inc., who was acquired by Reckitt Benckiser Group Plc. for $1.4 billion; CHG Healthcare, who was acquired by Leonard Green & Partners and Ares Management for $1.1 billion; 1800Contacts, who was acquired by WellPoint for $900 million; Accelerated Payment Technologies, who was acquired by Global Payments for $413 million; and MediConnect Global, who was acquired by Verisk Analytics for $349 million.
MWCN President Devin Thorpe said, “We believe the key driver of M&A volume in 2012 was increasing economic confidence among acquiring companies due to Utah’s strong economy. It is also evident that some of the motivation behind mergers or acquisitions in 2012 was due to concerns about rising capital gains tax increases anticipated in 2013.”
The Venture capital, private equity and angel-investing category continued to follow a steady year-over-year increase in 2012 with $831 million invested in 176 deals. Red Leaf Resource, Qualtrics and Progressive Finance were the top three investments.
Initial public offerings continued its weakening trend among all categories with none reported in Utah in 2012. There were only two in the past three years – both in 2011 totaling $423 million. Only six public offerings were conducted in 2012 totaling $106 million.
“We believe the poor performance of public offerings is due in large part to the large supply of capital in private equity,” said Thorpe. “Current valuations, lower operating costs, lingering and increasing costs, and increased regulation associated with public entities have combined to make IPOs less advantageous.”
The 2012 Deal Flow Report shows that $8.7 billion was gained from out-of-state investors compared to $1.4 billion spent by Utah companies acquiring out-of-state companies.
The 2012 Deal Flow was comprised of a diverse set of Utah companies. The software and technology sector lead all others with 22 percent of deals. Combined, software, technology, Internet software and services accounted for 39 percent of all sectors.
·       Software/Technology 22%
·       Internet Software and Services 17%
·       Healthcare 15%
·       Food and Beverage 14%
·       Consumer Products/Retail 11%
·       Financial Services 8%
·       All others 12%
The Deal Flow report is put out by MWCN each year and represents the most comprehensive and complete annual assessment of capital raising and business transactions compiled in Utah. A PDF version of the Deal Flow Report is available at www.mwcn.org.
Author: A. Cory Maloy | 

Utah 100 Honoree Rick Alden of Skullcandy Nominated for National Award

Utah 100 Honoree Rick Alden of Skullcandy Nominated for National Award

The MountainWest Capital Network congratulates Rick Alden, CEO of Skullcandy Inc, on his nomination for Entrepreneur Magazine’s Entrepreneur of 2009 Award. Skullcandy was number two on the 2008 Utah 100 list, was a previous Emerging Elite company, and was recently named to the 2009 Utah 100 list.

Rick personifies Utah’s entrepreneurs and Skullcandy Inc is symbolic of all our Utah 100 honorees, showing what a fertile environment our state is for businesses of all kinds. This nomination shows the nation recognizes the people and business climate of our great state.

Click Here to Read About and Vote for Rick