June 5, 2014

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Around Utah
Around Utah

Industry Outlook
Industry Outlook: Legal


Around Utah

June 5, 2014


Provo – OUTBOX SYSTEMS, a provider of cloud integration for the global enterprise market, received funding from Infinite Investments, a regional investment firm specializing in technology startups. Outbox plans additional hires, increased office space and development resources.

Provo – A team of four BRIGHAM YOUNG UNIVERSITY information systems students took first place at the Association for Information Systems Student Competition for the third year.

Lehi – PROPAY renewed the lease of its 19,280-square-foot Thanksgiving Park office at 3400 Ashton Blvd.

Lehi – NATURE’S SUNSHINE PRODUCTS, INC. signed a new three-year agreement with Santorin Management Corp, Ltd., which supports the company’s distribution network in Eastern Europe and Asia.

Highland – BLUE LEMON opened a restaurant in Gilbert, Ariz., its first location outside of Utah. In a grand opening event, the restaurant raised $700 to donate to the Gilbert Education Foundation.

Museum of Natural Curiosity Opens its Doors

By Heather Stewart

Lehi – The MUSEUM OF NATURAL CURIOSITY opened its doors at THANKSGIVING POINT in May. The $28.5 million museum encompasses five exhibit areas with more than 400 interactive exhibits. One of the exhibit areas is the 5-acre Discovery Garden, making the museum the first in the state to incorporate indoor and outdoor features.

The Museum of Natural Curiosity has been on the drawing board for several years. Mike Washburn, president and CEO of Thanksgiving Point, says funds were allocated from the state of Utah, Utah County and the city of Lehi, but the bulk of the funding came from several foundations and private donors who stepped up to make the museum a reality.

The museum’s Kidopolis exhibit is a tiny town with a health clinic, a vet, a theater, a bank, a dance studio, a library, an art studio and more. The Water Works exhibits let children explore science with water, wind, sun and earth. For example, the tornado feature lets visitors experience being inside a wind funnel. The Rainforest features ancient ruins and chambers, a 45-foot-tall monkey head, rope walkways and animal exhibits.

The Innovation Gallery will be home to travelling exhibits. Currently, its exhibit is on construction, with video and information about the construction of the museum itself.

With an outdoor playground, an amphitheatre and nature classrooms, the Discovery Gardens helps children learn about nature and six simple machines in the Archimedes playground.

FFKR ARCHITECTS was the project architect for the Museum of Natural Curiosity. “FFKR did a great job developing a building that creates instant curiosity,” says Washburn. OKLAND CONSTRUCTION was the general contractor for the museum, and Ohio-based Roto Group was the exhibits designer.

Gov. Gary R. Herbert says the museum will “foster a new generation of learners, of entrepreneurial individuals.”



Insidesales.com Closes $100 Million Round of Funding

Provo – INSIDESALES.COM closed and committed $100 million in Series C financing to boost revenue growth, expand its portfolio of technology solutions for salespeople and enter new geographic markets.

Polaris Partners led the round and Kleiner Perkins Caufield & Byers (KPCB) was the other major investor. Acadia Woods, EPIC Ventures, Salesforce.com and Zetta Venture Partners also participated, as well as previous investors Hummer Winblad and U.S. Venture Partners. The round also included individual investors, including Fraser Bullock, managing director at Sorenson Capital.

InsideSales.com achieved 107 percent year-over-year sales growth with corresponding growth in employee count. The company currently provides software-as-a-service (SaaS) solutions to more than 1,000 customers, including large enterprise organizations like Fidelity, Microsoft, Groupon, McGraw-Hill and Marketo.

“Customers, partners and investors frequently ask us what our secret sauce is,” InsideSales.com CEO and founder Dave Elkington says. “Our secret sauce is our scientific approach to sales. We use data as a strategic weapon to systematically improve sales performance and drive sales growth for our own company and for customers who want to maximize revenue growth.”

Northern Area

Ogden – BANK OF UTAH created a new construction lending department to facilitate all aspects of the new home construction process. The bank will focus particularly on smaller, local homebuilders.

Centerville – Denver-based Oakwood Homes acquired the assets of HENRY WALKER HOMES for upwards of $75 million. The companies began discussions in September 2013 and completed the transaction April 23.

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