Cerberian raises $3.35M in new venture capital<\/p>\n
Cerberian Inc., a Salt Lake City-based Internet content filtering solutions company, has raised $3.35 million in its latest venture capital round.<\/p>\n
The investments were led by vSpring Capital and also included first-time investments from East Gate Capital of Palo Alto, Calif., and Aspen Grove Ventures of Lehi.<\/p>\n
Scott Petty, vSpring’s managing director, said Cerberian’s success in a competitive market earned the company investor confidence.<\/p>\n
“We recognize the uniqueness of the company’s business model and the talent it has in place to execute on its objectives,” Petty said in a statement Wednesday. “Recent contracts with SonicWall, Fortinet, GTA, Belkin, and Zone Labs demonstrate the company’s progress.”<\/p>\n
Added East Gate’s Ken Choi: “We have found in Cerberian a unique business model and a proven, established technology developed by a talented group of dedicated people.”<\/p>\n
Cerberian Chief Executive Jeff Smith said the fresh funding will allow his company to accelerate sales and marketing initiatives.<\/p>\n
— Bob Mims<\/p>\n
PacifiCorp VP will retire<\/p>\n
After four years as PacifiCorp’s executive vice president for Utah, Bill Landels said Wednesday that he plans to retire from the company and return to Scotland in April 2004.<\/p>\n
“When I arrived here in October 1999, my goals were to ensure Utah realized the benefits of the [PacifiCorp] merger with ScottishPower, that our commitments to improve customer service and network performance were fulfilled,” Landels said.<\/p>\n
PacifiCorp is the parent company of Utah Power.<\/p>\n
Landels will be succeeded by Rich Walje, a native Utahn who sits on PacifiCorp’s board and serves as the company’s senior vice president of corporate business services.<\/p>\n
Walje will make the transition to the executive vice president’s role between January and April 2004 with Landels continuing in his present position until his retirement.<\/p>\n
— Steven Oberbeck<\/p>\n
Villa Theatre sale in works<\/p>\n
Harmons on Wednesday confirmed that a deal is pending to sell Salt Lake City’s landmark Villa Theatre to an unnamed buyer.<\/p>\n
But the grocery chain would supply no details. “Harmons is under contractual agreement not to comment until the sale is complete,” spokeswoman Rhonda Greenwood said.<\/p>\n
In February, the 53-year-old movie house at 3092 S. Highland Drive showed its last film and was expected to be razed.<\/p>\n
The 1,000-seat Villa was nationally recognized as one of the last of the 1950s craze Cinerama theaters still showing first-run movies. But the single-screen theater had become unprofitable in an era of neighborhood multiplexes.<\/p>\n
Carmike Cinemas, a Georgia-based chain in Chapter 11 bankruptcy, operated the theater from 1994 until its closure. Harmons bought the 3.3 acre property as an investment, saying it planned to resell it.<\/p>\n
— Glen Warchol<\/p>\n","protected":false},"excerpt":{"rendered":"
Cerberian raises $3.35M in new venture capital Cerberian Inc., a Salt Lake City-based Internet content filtering solutions company, has raised $3.35 million in its latest venture capital round. The investments were led by vSpring Capital and also included first-time investments […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-823","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=823"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/823\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}