Domo gains $200 million in financing

Domo, provider of the world’s first business management platform, announced April 8 it had closed $200 million in Series D financing at a valuation of $2 billion. This round brings Domo’s total funding to more than $450 million. Investors in the American Fork business included BlackRock, Capital Group, Glynn Capital Management and GGV Capital.

This new capital infusion will fuel Domo’s efforts to meet the growing demand for Domo’s cloud-based business management platform, which was also publicly unveiled April 8 at Domopalooza, the company’s inaugural user event in Salt Lake City. Domo’s cloud-based business management platform gives CEOs, managers and decision makers the ability to make faster, more effective decisions by giving them one place to easily access all the information they need.

“No one has been able to make business intelligence work, especially that last mile of making data directly available to the business user,” said Josh James, Domo founder and CEO. “Domo makes that last mile a reality. We’ve built five distinct products and brought them together in one elegant platform to simplify for business users the entire process of accessing and leveraging business data.”

Domo has signed more than 1,000 customers, is growing at more than 100 percent annually, and will close more than $100 million in business this year. Domo’s customers include the world’s most recognizable brands across all industries, including dozens from the Fortune 500 and several from the Fortune 10. Many of Domo’s customers gathered this week at Domopalooza.

“Domo is defining the future of enterprise software and selling into a huge market that shows no bounds,” said Glenn Solomon, managing partner at GGV Capital. “Opportunities to invest in a company of Domo’s caliber are few and far between, which underscores how much we believe in Domo’s executive team and their ability to execute against a tremendously large and global market opportunity.”

J-U-B Engineers appoints new chairman

Chuck Larson replaced George Wagner March 21 as chairman of the board of directors of J-U-B Engineers, Inc. at their annual shareholders’ meeting held in Boise, Idaho. Larson previously managed the Kennewick, Washington office, and in 2003, opened the Salt Lake City, Utah office.

He has directed the firm’s transportation group, currently leads the company’s expanding aviation group, and has served on J-U-B’s Board of Directors for over 20 years. Larson will assume Wagner’s duties of directing the eight-person board which is charged with setting corporate policy.

“I’m honored by this appointment,” said Larson. “This is a good time to work for J-U-B Engineers. We have outstanding leadership and excellent employees, all pulling together in the same direction to make J-U-B strong.”

J-U-B provides quality engineering services to federal, state, and local government agencies, as well as many leading industrial, commercial, and institutional organizations. J-U-B offers complete engineering and planning services in transportation, water resources, structures, environmental, landscape architecture, site development, surveying, and construction services.

Mountain Truck Sales now exclusive distributor of R&R Universal Technologies products

Mountain Truck Sales, based in Salt Lake City, is now Utah’s exclusive distributor of R&R Universal Technologies by-pass filtration and fuel catalyst products.

“We manufacture and sell a complete line of work vehicles and accessories designed with features to fully equip the mobile mechanic with the kind of vehicle required,” said Barry Richins, president of Mountain Truck Sales.

Mountain Truck Sales, doing business as MTS, Inc. is a mechanics truck manufacturer and dealer. They will service Salt Lake County, Utah County, Wasatch County, Davis County, Morgan County and Summit County in Utah. R&R’s products work on over-the-road and heavy-duty diesel powered equipment, both organizations are looking forward to achieving significant sales from this territory.

“I am proud to have MTS as our Salt Lake City Distributor. MTS’ leadership, in a very competitive marketplace, speaks well for MTS’ manufacturing and sales capability as it relates to R&R’s line of products,” said JR Roberts, R&R CEO.

MTS, Inc. has been operating in Salt Lake City, Utah for 25 years as a leading builder of mechanics trucks. MTS specializes in medium to heavy duty trucks. They build and supply mining, construction and equipment companies with a variety of trucks, including, mechanic trucks, service trucks, flatbeds, tractors, hook trucks and dump trucks built by MTS to meet any application or need.