August 1, 2011

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Energy Development in Utah

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Around Utah

Sarah Cutler

August 1, 2011

Salt Lake City - DATAMARK, a provider of data-driven enrollment marketing, released its nSite compliance monitoring solution, allowing colleges and universities to monitor third-party online marketing and prospect generation efforts more effectively.

Salt Lake City - Colocation and IT infrastructure provider C7 DATA CENTERS, INC. signed a multi-year colocation agreement with St. Paul-based HubbardRadio, LLC. As part of the agreement, C7 will provide Hubbard Radio with data center space, power, bandwidth and personnel services.

Salt Lake City - BOOMSTARTUP, a mentorship-driven seed accelerator for web, mobile and software startups recently received the 2011 Deal Flow Award from the MountainWest Capital Network.

CB Richard Ellis Announces Leases at Lone Peak Center

Salt Lake City - The Salt Lake City office of CB RICHARD ELLIS (CBRE) brokered three office leases on behalf of Maier Siebel Baber, a San Francisco-based real estate investment company.

The three long-term leases were for space at Lone Peak Center (11747 S. Lone Peak Parkway) in Draper. The new tenants are existing Draper companies that chose to relocate:

O’CURRANCE TELESERVICES, a sales support call center, leased approximately 19,000 square feet.

XENNSOFT, a software development organization, leased approximately 8,000 square feet.

PROSPER, a peer-to-peer lending company, leased approximately 11,500 square feet.

Tab Cornelison, first vice president at CBRE, represented Maier Siebel Baber, landlord, in the three transactions. Scott Wilmarth, senior vice president at CBRE, represented O’Currance Teleservices.

The 88,000-square-foot Lone Peak Center was purchased by Maier Siebel Baber in late 2010. At the time of purchase, the building was vacant.

Significant improvements made by the new owner have since  paid off and now roughly 45 percent of the building is occupied.

“In the current market, landlords need to be aggressive in order to attract new tenants,” Cornelison says. “These three leases are examples of a landlord who is thinking strategically by investing in significant property improvements and other tenant incentives.”

Prior to purchasing Lone Peak Center, Maier Siebel Baber owned more than 1 million square feet of office space in several Salt Lake area office buildings, including the Triad Center, H.K. Tower, 136 East South Temple, Union Woods and the Mountain View Corporate Center.

UTAH VALLEY

Springville - LITTLE GIANT LADDER SYSTEMS and TOOLBANK USA announced that Little Giant Ladders is helping nonprofit organizations with community improvement projects. A full line of Little Giant Ladder Systems products has been donated to community citizens.

American Fork - DIGIS NETWORKS performed a major overhaul of its high-speed internet network in Utah County, becoming the only internet service provider capable of delivering speeds in excess of 10 Mbps across most of the county. The upgrade, which employs new technology to extend the power and reach of the company’s unique fixed wireless network, more than triples the download speed available to customers and introduces new speed packages.

American Fork - ORANGESODA released its new CitrusBlast product, an online advertising solution that combines the power of search engines, social media and mobile search to increase exposure within Google Maps. CitrusBlast is utilized within hyperlocal markets to push more leads back to small businesses.

Provo - PENGUIN COMPUTING chose ADAPTIVE COMPUTING’s Moab ClusterSuite to manage the workload on its HPC Cloud offering, Penguin on Demand (POD). POD is currently the only on-demand HPC offering that supports “bare metal” execution of compute jobs, effectively providing public access to a supercomputer to users that require compute capacity that is unavailable in-house.

Lehi - IM FLASH TECHNOLOGIES plans to add 200 new employee positions starting in 2012, while maintaining its current staff levels of more than 1,400 employees. During the last five years, the company has paid out more than $532 million in wages and expects to pay an additional $1.4 billion in new state wages over the next 10 years.

Orem - LANSCHOOL TECHNOLOGIES was acquired by STONEWARE, INC. Stoneware allows organizations to create their own private cloud and virtual web desktop to access it. Through joining forces, LanSchool and Stoneware will be able to bring the power of cloud computing directly into the classroom.

Orem - FISHBOWL has achieved full buyback of all stock from the former majority shareholder. The deal makes Fishbowl’s current management team and employees 100 percent owners of the company, which produces the top-requested inventory management software for use with QuickBooks.

Eagle Mountain - EAGLE MOUNTAIN CITY held a grand opening for its Business Incubator Development Program (BIDP), a city-sponsored business incubator that uses no taxpayer dollars. The program allows participants to lease office space for three years, at no cost during the first year, then with minimally increased rent during the second and third year. Businesses are also given free basic phone and internet service and shared resources such as a reception area, conference room, copy and fax equipment, audio visual equipment and a break room. The facility has been divided into private offices, cubicles and light assembly/manufacturing areas.

Provo - FRONTIER AIRLINES began service at the PROVO MUNICIPAL AIRPORT. The service will consist of daily 8:25 a.m. outbound and 9:15 p.m. inbound flights to and from its Denver hub. Connections can be made in Denver to 30 destinations around the country, including Los Angeles, San Francisco, Chicago, Atlanta and New York.

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