Market Newsdesk

Stellant Systems, Inc. to Acquire Power Systems Technology Product Line from Comtech

TORRANCE, Calif. & MELVILLE, N.Y.–(BUSINESS WIRE)–
Oct. 12, 2023– Stellant Systems, Inc. (Stellant) and Comtech Telecommunications Corp. (NASDAQ: CMTL) (Comtech) today announced the companies entered into a definitive agreement under which Stellant will acquire Comtech’s Power Systems Technology (PST) product line for a total cash purchase price of $40 million, which includes a preliminary sales price of $35 million and contingent consideration up to $5 million based on the achievement of certain targets. The transaction was unanimously approved by the board of directors of both companies. Stellant is a portfolio company of Arlington Capital Partners (Arlington), a Washington-D.C. based private equity firm with extensive experience investing in regulated industries.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231012807979/en/

The acquisition of the PST product line will strengthen Stellant’s portfolio of RF amplification products. PST’s rich heritage brings a differentiated set of technologies in the solid-state power amplification market, a talented work force and an almost entirely complimentary customer set to Stellant. Driving further innovation in solid state technology is a core principle of Stellant’s strategic vision to provide customers with best-in-class options across all amplification approaches, including vacuum tube and solid state.

Paul Russell, Chief Executive Officer of Stellant, said, “We are excited about the products and technology that PST brings to Stellant and look forward to investing in its technologies and employees to bring additional value to our customers. This partnership represents an important step in Stellant’s strategic vision and is another milestone in the Company’s 90-year history of technological innovations.”

Peter Manos, a Managing Partner at Arlington Capital Partners, added “PST’s market leading frequency and power capabilities with Gallium Nitride solid state power amplification combined with Stellant’s dominant frequency and power capabilities with travelling-wave tube power amplification creates, in our view, the technology leader in the market.”

“This decision is well aligned with our long-term vision for Comtech, and we are thrilled that our PST product line and associated team will have a tremendous opportunity to grow as part of Stellant,” said Ken Peterman, President, and CEO, Comtech. “We intend to use the net proceeds from this transaction to meaningfully reduce our outstanding debt, de-lever the balance sheet, reduce cash interest requirements, and provide flexibility to achieve our near-term strategic goals.”

The transaction is expected to close by the end of October 2023, subject to regulatory approvals and customary closing conditions.

Kirkland & Ellis LLP served as legal counsel to Stellant Systems and Arlington Capital Partners. Evercore served as financial advisor and Morgan Lewis as legal counsel to Comtech.

About Stellant Systems, Inc.

Stellant Systems is a premier manufacturer of critical spectrum and RF power amplification systems to the space, defense, medical, science and industrial markets for both domestic and international customers. Stellant has three domestic manufacturing facilities and nearly 1000 employees. For more information, visit www.Stellantsystems.com.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-based private equity firm that has managed approximately $7 billion in capital commitments. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field. For more information, visit Arlington Capital’s website at arlingtoncap.com and follow Arlington on LinkedIn.

Note About Forward-Looking Statements

Certain information in this press release contains forward-looking statements. Forward-looking statements can be identified by words such as: “will,” “intend,” “expect,” and similar references to future periods. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of Stellant and Comtech, that could cause actual results to differ materially from those expressed in such forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the completion of the proposed transaction on anticipated terms and timing, or at all, including obtaining regulatory approvals on anticipated terms, anticipated tax treatment, unforeseen liabilities, the possibility that any of the anticipated benefits of the proposed transaction will not be realized or will not be realized within the expected time period, and other factors as described in Comtech’s filings with the Securities and Exchange Commission, including those under the heading “Risk Factors” in Cometch’s most recent Annual Report on Form 10-K. Stellant and Comtech do not intend to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012807979/en/

For Stellant Systems

Media:

Suzanne Lamb Stellant Systems, Inc.

+1 (858) 336-0013

[email protected]

For Comtech:

Investor Relations:

Robert Samuels

Comtech Telecommunications Corp.

+1 (631) 962-7102

[email protected]

Media:

Jamie Clegg

Comtech Telecommunications Corp.

+1 (480) 532-2523

[email protected]

KEYWORDS: California New York United States North America

INDUSTRY KEYWORDS: Networks Satellite Mobile/Wireless Technology Telecommunications

MEDIA:

Logo

Logo

Amazon.com to Webcast Third Quarter 2023 Financial Results Conference Call

SEATTLE–(BUSINESS WIRE)–
Amazon.com, Inc. (NASDAQ: AMZN) announced today that it will hold a conference call to discuss its third quarter 2023 financial results on Thursday, October 26, 2023, at 2:30 p.m. PT/5:30 p.m. ET.

The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012625732/en/

Amazon.com Public Relations

[email protected]

amazon.com/ir

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Internet Data Management Technology Apps/Applications Electronic Commerce Online Retail Mobile/Wireless Retail

MEDIA:

Logo

Expedia Group to Webcast Third Quarter 2023 Results on November 2, 2023

SEATTLE–(BUSINESS WIRE)–
Expedia Group (NASDAQ: EXPE) will report its third quarter 2023 results for the period ended September 30, 2023, on Thursday, November 2, 2023 via an earnings release and accompanying webcast. These items will be available in the Investor Relations section of the company’s corporate website at http://ir.expediagroup.com. The earnings release will post after market close and the webcast will begin at 1:30 PM Pacific Time / 4:30 PM Eastern Time. A replay of the call is expected to be available for approximately twelve months.

About Expedia Group

Expedia Group, Inc. companies power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers. Our organization is made up of three pillars: Expedia Product & Technology, focused on the group’s product and technical strategy and offerings; Expedia Brands, housing all our consumer brands; and Expedia for Business, consisting of business-to-business solutions and relationships throughout the travel ecosystem. The Expedia Group family of brands includes: Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, trivago®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group™ Media Solutions, CarRentals.com™, and Expedia Cruises™.

For more information, visit www.expediagroup.com. Follow us on Twitter @expediagroup and check out our LinkedIn www.linkedin.com/company/expedia/.

© 2023 Expedia, Inc., an Expedia Group company. All rights reserved. Trademarks and logos are the property of their respective owners. CST: 2029030-50

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012555518/en/

Investor Relations

[email protected]

Communications

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Technology Electronic Commerce Other Travel Internet Transportation Lodging Retail Travel Online Retail

MEDIA:

Logo

Alpha and Omega Semiconductor to Announce Fiscal First Quarter 2024 Financial Results

SUNNYVALE, Calif.–(BUSINESS WIRE)–
Alpha and Omega Semiconductor Limited (“AOS”) (Nasdaq: AOSL) today announced that the company will release its financial results for the fiscal 2024 first quarter ended September 30, 2023 on Monday, November 6, 2023, after the market closes. The press release will be followed by a conference call and live webcast at 2:00 p.m. PT / 5:00 p.m. ET, which will be open to the public. During the conference call, the company will review the financial results and discuss other business matters.

To listen to the live conference call, please dial +1 (833) 470-1428 or +1 (404) 975-4839 if dialing from outside the United States and Canada. The access code is 198548. A live webcast of the call will also be available in the “Events & Presentations” section of the company’s investor relations website, http://investor.aosmd.com.

The webcast replay will be available for seven days after the live call on the same website. A telephone replay of the call will be available approximately two hours after the conference call and will be available for seven days. The replay dial-in number is +1 (866) 813-9403 or +44 204 525 0658 if dialing from outside the United States and Canada, and the access code is 198582.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer and global supplier of a broad range of power semiconductors, including a wide portfolio of Power MOSFET, IGBT, IPM, TVS, HVIC, GaN/SiC, Power IC and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced packaging know-how to develop high performance power management solutions. AOS’ portfolio of products targets high-volume applications, including personal and portable computers, graphic cards, flat-panel TVs, home appliances, smart phones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers, and telecommunications equipment. For more information, please visit www.aosmd.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231003472032/en/

For investor and media inquiries, please contact:

Yujia Zhai

The Blueshirt Group

[email protected]

+1 (860) 214-0809

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Hardware Semiconductor

MEDIA:

Logo

Stephen Johnston Succeeds Mark Orsmond as ElectraMeccanica’s Chief Financial Officer

MESA, Ariz.–(BUSINESS WIRE)–
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that its CFO, Mark Orsmond will be succeeded, effective immediately, by Stephen Johnston. Orsmond’s departure reflects a mutually-agreed transition and allows the outgoing CFO to pursue other interests, while leaving the Company’s financial reporting, cost controls and balance sheet in superior condition. Stephen Johnston, with whom Orsmond, ElectraMeccanica’s Board and the rest of its management team have been working in a consulting role since June, 2023, now will take on the business’s CFO responsibilities. Mr. Orsmond will continue to assist the Company with Johnston’s onboarding under a 60-day consulting agreement.

For more information and CEO commentary on EMV’s previously-announced, continued exploration of its options, please see the Company’s latest CEO letter.

“Mark has been a tremendous asset to the Company and our team since I came on board as CEO last December,” said Susan E. Docherty, Chief Executive Officer of ElectraMeccanica. “He joined ElectraMeccanica under its prior management team, and we appreciated his institutional knowledge and eye for highly professionalized financial reporting and cost management. We’re extremely grateful for his contributions, and for his willingness to assist with Stephen’s onboarding. We wish him and his family the best in their next chapter.”

Ms. Docherty continued: “Stephen has proven himself and his value during a complex time for ElectraMeccanica’s business, demonstrating the benefits of both his private and public-company prior CFO experiences. My management team and Board are already familiar with him, his capabilities and his skills, and he couldn’t be a better fit for us at this time. We’re delighted that he’s able to fill a critical role so seamlessly.”

Mr. Johnston most recently served as the CFO for Ideanomics (NASDAQ: IDEX), a high growth international manufacturer of two- and four-wheeled electric vehicles with operating subsidiaries in seven countries including the US, China and Italy, where he was responsible for acquisition integration as well as streamlining its financial reporting operations. Prior to that, he held CFO positions at Dura Automotive and the North American division of Tower Automotive, Tier-1 auto-industry OEM’s. He began his career at KPMG, where he ultimately became a partner focusing on materials and manufacturing for the transportation, automotive, automation, metals and engineered products sectors.

About ElectraMeccanica

ElectraMeccanica (NASDAQ: SOLO) is a designer and assembler of environmentally efficient electric vehicles intended to enhance the urban driving experience, including commuting, delivery and shared mobility.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, our ability to identify, negotiate, and conclude strategic transactions that increase shareholder value, and other risks of the automotive industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012529182/en/

John Franklin

[email protected]

KEYWORDS: Arizona United States North America

INDUSTRY KEYWORDS: Automotive General Automotive Automotive Manufacturing EV/Electric Vehicles Manufacturing Alternative Vehicles/Fuels

MEDIA:

Posted on October 12, 2023 5:34 pm

U. S. Steel Celebrates Launch of New Electrical Steel Line with Ribbon Cutting in Osceola, Arkansas

U. S. Steel Celebrates Launch of New Electrical Steel Line with Ribbon Cutting in Osceola, Arkansas

President & CEO David B. Burritt, public officials, customers, and employees gather to celebrate this significant milestone for U. S. Steel’s Best for All^® strategy, sustainable steel solutions and the broader community

OSCEOLA, Ark.–(BUSINESS WIRE)–
United States Steel Corporation (NYSE: X) (“U. S. Steel”) today hosted a ribbon cutting ceremony for the opening of its new, non-grain oriented (“NGO”) electrical steel line at its Big River Steel facility in Osceola, Arkansas. The successful startup of the line marks a significant milestone for U. S. Steel, as the line has the capacity to produce more tons of NGO electrical steel per year in the United States than any other domestic steelmaker, while supplying sustainable steel solutions that are best for people and the planet.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231012698579/en/

The ribbon is officially cut at the opening of U. S. Steel’s new non-grain oriented electrical steel line. Pictured left to right: Robert Costello, Cold Rolling Manager, Big River Steel Works; Mississippi County Judge John Alan Nelson; Osceola, Arkansas Mayor Joe Harris, Jr.; Daniel Brown, Senior Vice President of Advanced Technology Steelmaking and Chief Operating Officer, Big River Steel Works; U. S. Steel President and Chief Executive Officer David B. Burritt; Arkansas State Representative Jon Milligan; Jim Bell, U. S. Steel Vice President – Construction; and Tommie Kifer, Operations Manager, Big River Steel Works. (Photo: Business Wire)

This new line is the latest example of U. S. Steel’s customer-centric strategy, as it expands its portfolio of products needed to serve growing markets and help customers meet their sustainability goals. The key product that will be produced on the line, InduX™, positions U. S. Steel as a crucial supplier for the expanding electric vehicle market, as no electric vehicle, motor, or generator today is operational without the steel grades needed to transform electrical power into usable energy. The line is the final step in a steelmaking process that utilizes up to 90% scrap steel as raw material and reduces carbon emissions (Scope 1 and Scope 2) up to 70-80% compared to traditional integrated steelmaking, while producing sustainable, infinitely recyclable steels like InduX™.

“The American manufacturing renaissance continues in Osceola today, thanks to the innovative minds and hard work of our employees,” said U. S. Steel President and Chief Executive Officer David B. Burritt. “This investment will enable us to serve our customers as they address growing markets, like electric vehicles, with the knowledge that the steel they are receiving is not only sustainable, but also mined, melted and made in America.”

Titled, “Energize the Future: EmPOWERing the Green Revolution,” the event underscored how Big River Steel remains focused on innovation and excellence, playing a key role in the industry’s transformation to low-carbon steel production. It was one of the first mills in the world to be LEED^® certified and the first steel mill in North America to receive ResponsibleSteel™ site certification. The new line is the length of nearly eight football fields at approximately 2,333 feet long, and with a 200,000-ton annual capacity.

“Hundreds of our industry-best employees made today possible. Every day, their dedication to this community and to American manufacturing are building this country to be stronger and more sustainable than ever before. This investment will allow our customers to purchase more steel made here in the USA and help them to meet their own sustainability goals,” said U. S. Steel Senior Vice President of Advanced Technology Steelmaking and Chief Operating Officer of Big River Steel Works, Daniel R. Brown.

A newly released economic impact study revealed, in 2022, Big River Steel generated $383.2 million in total economic impact¹, contributing $16.3 million in state and local taxes, and supporting and sustaining 1,747 jobs (direct and indirect/induced) that provide workers and their families opportunity for upward mobility. Big River Steel is projected to have $5.2 billion in construction impact, based on $3 billion of direct spending over 4-plus years on Big River Steel 2, the largest single investment in Arkansas’ state history.

“Congratulations to U. S. Steel for opening their newest steel line at Osceola’s Big River Steel facility. As this project shows, when business, government, and communities work together, anything is possible,” said Arkansas Governor Sarah Huckabee Sanders.

Following the full acquisition of Big River Steel in 2021, U. S. Steel commenced construction of the NGO line in October 2022. The $450 million project was completed on time and on budget.

###

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All^® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3^® advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release contains information that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. U. S. Steel intends the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, we have identified such forward-looking statements by using the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “target,” “forecast,” “aim,” “should,” “plan,” “goal,” “future,” “will,” “may” and similar expressions or by using future dates in connection with any discussion of, among other things, the construction or operation of new or existing facilities or operating capabilities, operating or financial performance, trends, events or developments that we expect or anticipate will occur in the future, statements relating to volume changes, share of sales and earnings per share changes, anticipated cost savings, potential capital and operational cash improvements, changes in the global economic environment, including supply and demand conditions, inflation, interest rates, supply chain disruptions and changes in prices for our products, statements regarding our future strategies, products and innovations, statements regarding our greenhouse gas emissions reduction goals, statements regarding existing or new regulations and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only the Company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and its present expectations or projections. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in “Item 1A. Risk Factors” in the Company’s Annual report on Form 10-K for the year ended December 31, 2022 and those described from time to time in its future reports filed with the Securities and Exchange Commission.

¹ Total economic impact includes spending on operations, capital expenditures, labor income expenditures, and value added to the economy as a result of expenditures made by a corporation.

©2023 U. S. Steel. All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012698579/en/

Amanda Malkowski

Media Relations Manager

Corporate Communications

T – (412) 736-2475

E – [email protected]

KEYWORDS: United States North America Arkansas Pennsylvania

INDUSTRY KEYWORDS: Environment Construction & Property Steel Packaging Automotive Manufacturing Manufacturing Sustainability Machine Tools, Metalworking & Metallurgy Other Construction & Property

MEDIA:

Logo

Photo

The ribbon is officially cut at the opening of U. S. Steel’s new non-grain oriented electrical steel line. Pictured left to right: Robert Costello, Cold Rolling Manager, Big River Steel Works; Mississippi County Judge John Alan Nelson; Osceola, Arkansas Mayor Joe Harris, Jr.; Daniel Brown, Senior Vice President of Advanced Technology Steelmaking and Chief Operating Officer, Big River Steel Works; U. S. Steel President and Chief Executive Officer David B. Burritt; Arkansas State Representative Jon Milligan; Jim Bell, U. S. Steel Vice President – Construction; and Tommie Kifer, Operations Manager, Big River Steel Works. (Photo: Business Wire)

Weave Ranks Among the Top 20 in MountainWest Capital Network’s Utah 100 2023

Weave recognized as one of Utah’s fastest growing companies for the fourth year in a row

LEHI, Utah–(BUSINESS WIRE)–Weave (NYSE: WEAV), a leading all-in-one experience platform for small and medium-sized healthcare practices, has been named to the 2023 Utah 100, MountainWest Capital Network’s (MWCN) annual list of the fastest-growing companies in Utah. Now in its 29th year, MWCN’s annual list highlights Utah’s continued strong growth and investment in technology, retail, healthcare and more.

“We’re thrilled to be included among Utah’s fastest growing companies for the fourth year in a row as we continue to create seamless, meaningful patient experiences with healthcare providers,” said Brett White, CEO of Weave. “Weave is committed to delivering the highest quality solutions to our customers and providing an amazing workplace for our primarily Utah-based employees. We’re honored to be in the company of some of the most innovative companies in the state.”

The Utah 100 Award recognizes the growth and success of businesses across the state and attracts thousands of Utah’s top industry leaders. Honorees are ranked according to a weighted average revenue calculation of percentage and dollar growth over a five-year period through December 2022.

The Utah 100 rankings were announced during MWCN’s Utah 100 award event with over a thousand business leaders in attendance. In recent months, Weave has received several award recognitions demonstrating the company’s commitment to its customers and employees, including Great Place to Work, Utah Business Fast 50, Women Tech Council 2023 Shatter List, and the Governor’s Office’s 100 Companies Championing Women.

About Weave

Weave is the all-in-one experience platform for small- and medium-sized healthcare businesses. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been named a G2 leader in Patient Engagement, Optometry, Dental Practice Management and Patient Relationship Management software. To learn more, visit getweave.com/newsroom/

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. Learn more at www.mwcn.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012536041/en/

Natalie House

Sr. Director of Content and Communications, Weave

[email protected]

KEYWORDS: United States North America Utah

INDUSTRY KEYWORDS: Data Management Start-Up Technology Marketing Practice Management Small Business Communications Professional Services Entrepreneur Telecommunications Payments Software VoIP Consumer Internet Health

MEDIA:

Logo