www.slenterprise.com November 13, 2017 Volume 47, Number 16 $1.50 INSIDE Plenty of opportunity for local Symantec division businesses as airport is remade acquisition triples es will take place in 2020 and the work on a Healthcare/Weber & Davis Brice Wallace new north concourse won’t be fi nished until The Enterprise 2023. That results in a great need for con- size of DigiCert InsuranceCounties & Benefits struction and a variety of professional ser- While still years away from being com- Section F vices and commodities — everything from DigiCert Inc., a Lehi-based global pro- pages 15-18 pleted, the remaking of the Salt Lake City shuttle and parking systems to glass-clean- vider of scalable identity and encryption so- International Airport is expected to mean a lutions for business, has made major waves SponsoredSponsored by: by: ing and indoor landscaping. smoother, better transportation experience “Those all will be needed to be fi lled in the digital security sector with its acqui- for airline passengers. In the meantime, the when we get the new airport constructed by sition of the website security and public key project means fi nancial opportunities for lo- 2020, so we have to fi ll up a new, empty infrastructure (PKI) operations of cyberse- cal businesses and professionals. curity giant Symantec Corp. The move has The unveiling of the parking garage, nearly tripled the size of DigiCert, accord- pages F1-F8 terminal and western ends of two concours- see AIRPORT page 5 ing to industry analysts. With the acquisition, DigiCert’s num- ber of employees ballooned from around 300 to over 1,000, said company spokes- man Jeff Chandler. DigiCert also secured a portion of Symantec’s massive, global cus- tomer base, including top enterprises like caritas international banks and retailers, and can QUARTERLY now boast locations in California and inter- A Spotlight on Local Charities • Fall 2017 • www.caritasutah.com nationally. Symantec is best known for its Norton brand of cybersecurity products. Sponsored by: “With the transition of SSL (secure sockets layer) validation, issuance and oth- er processes to DigiCert, Symantec custom- ers have a clear path forward to maintain trust in their SSL certifi cates,” DigiCert said in a release announcing the acquisi- tion. “Today starts an exciting era for the /kärə ̇ˌtäs/ (noun) love of humankind, charity current customers and partners of both Sy- mantec and DigiCert,” said DigiCert CEO PAGE 3 Longwall mining operations in Carbon County's Skyline coal mine are shown in this stock pho- John Merrill. “For Symantec customers, HEALTHCAREto. Skyline is one of three mines purchased by a new partnership called Canyon Consolidated IT TAKES FOR THOSE WHO NEED IT MOST they can feel assured that they will have Resources which will now operate mines representing more than 85 percent of the coal mining • FOURTH STREET CLINIC continuity in their website security and that ALL OF US production in Utah. PAGE 10 PAGE 2 we will provide a smooth transition. Our SPONSORED BY RECOVERY IN AN ATMOSPHERE customers and partners will benefi t from OF FITNESS AND SAFETY our accelerated investment in products and • FIT TO RECOVER Partnership buys three coal mines, solutions for SSL, PKI and IoT (Internet of things). DigiCert will also lead to shape PKI security standards through our partici- controls bulk of Utah production pation in industry standards bodies to en- become part of the new partnership called sure our customers stay at the forefront of John Rogers Canyon Consolidated Resources (CCR), security practices. DigiCert is prepared for The Enterprise formed by Murray Energy and John Siegel, this opportunity.” the outgoing chairman of Bowie Resource “The addition of Symantec Web PKI Ohio-based Murray Energy Corp., Partners, a Louisville-based company that solutions to DigiCert will provide a cus- owner of the Lila Canyon Coal Mine in had owned the three mines. The three prop- tomer experience that is second to none. Carbon County, is leading a new partner- erties accounted for 9.5 million tons, or al- We are excited for Symantec customers to ship to purchase three Utah mines that ac- most 85 percent, of the 11.2 million tons of benefi t from solutions that help advance count for the bulk of coal production in the coal mined in Utah in 2016. and strengthen website security,” said Greg state. Murray and Siegel will each own 30.5 Clark, Symantec CEO. “We expect Syman- The Sufco, Skyline and Dugout Can- yon mines, which employ approximately 850 in Utah’s Carbon/Emery coal belt, will see COAL MINES pg. 4 see DIGICERT page 4 2 • November 13-19, 2017 • The Enterprise - Utah's Business Journal Academy acquires California mortgage firm Napa, California-based Del home ownership in America,” Academy Mortgage’s set of val- SLC Sears store to close Sur Mortgage has become a divi- said Chris Salese, Del Sur Mort- ues, resources and unparalleled The Sears store at 754 S. State St. in Salt Lake City is one sion of Academy Mortgage, one gage area manager. customer service.” of 18 stores across the nation that have fallen victim to the latest of the nation’s largest independent “Del Sur Mortgage has a Academy Mortgage is rec- round of store closings by Sears Holdings, the parent company of mortgage lenders, headquartered strong understanding of the Napa ognized nationwide for its com- Sears and Kmart stores. The Sears Auto Center at the location will in Salt Lake City. Academy now region and brings vast knowl- mitment to responsible lend- close in early December and the store itself will close in late Janu- has 330 branched nationwide. edge to the table for its clients,” ing and programs for purchase, ary. Terms were not disclosed. the company said in a release.” FHA, resale and builder loans. Forty-five Kmart stores will also close as part of this round of “We couldn’t be more excit- Academy is one of the top inde- closures, Sears Holdings said. ed to join the Academy Mortgage “[Our] commitment to provid- pendent purchase lenders in the “We will continue to close some unprofitable stores as we family because of its top-notch ing clients with the highest qual- country as ranked in the 2016 transform our business model so that our physical store footprint loan products and resources, ex- ity mortgage services and unique- CoreLogic Marketrac Report, and our digital capabilities match the needs and preferences of our cellent culture and dedication to ly tailored solutions is buoyed by published in January. members,” a company spokesperson said. “It’s important to note that these stores will remain open to serve members during the holiday season.” Zions maintains lead as top Utah District SBA lender Sears and Kmart have been losing billions of dollars and clos- Zions Bank has again been Zions Bank president and chief The 7(a) program offers up to ing stores for years. Sears Holdings hasn’t turned a profit since named the top provider of U.S. executive officer. “We are proud 25-year, fully amortized loans that 2010 and warned earlier this year there was “substantial doubt” Small Business Administration to be ranked as Utah’s top SBA may be used for most business that it will be able to stay in business. (SBA) 7(a) loans in the Utah Dis- lender because we are committed purposes, including the purchase By the end of this July, Sears Holdings had only 1,250 stores trict. to providing capital to entrepre- of real estate for business opera- left in the United States, down from 3,400 at the start of 2006. The 2017 fiscal year repre- neurs to help bring their innova- tions, acquisition of equipment Salt Lake City store employees were informed of the closing sents the 24th consecutive year tions to fruition.” and working capital. last week and liquidations sales have begun. for Zions to be the top lender in the district. During the fiscal year, which ended Sept. 30, Zions approved 187 of the SBA 7(a) loans in the Wright named president of Midwest Commercial Interiors district, totaling more than $30.7 “I will continue in my role as arching object as the CEO of Mid- million and representing 17 per- Sean Wright has been named sales, design, operations and fi- CEO and will continue to focus my west is to carry on our strong tra- cent of the 1,074 SBA-backed president of Midwest Commercial nance, the firm said in a release. passions on developing our people dition of client service, continue to loans approved during the year. Interiors (MWCI) and its two sub- Marshall Tate, as president and creating the most compelling grow our next generation of lead- Thirty-seven percent of Zions sidiaries, Midwest D-Vision So- and CEO of Midwest Capital client experience in the market, ers and advance our client experi- Bank SBA loans were to women- lutions (MWDS) and Bountiful Holdings Inc., purchased Midwest across all of our brands. My over- ence,” he said. and minority-owned businesses. Glass. The appointment was made Office Inc. in 2000 and rebranded Zions provided loans to Utah on Oct. 23. it as Midwest Commercial Interi- businesses that resulted in the hir- Wright joined Midwest in ors to more accurately reflect the ing of 544 employees and main- July of 2010 as vice president of company’s focus on commercial Survey: Investors are bullish taining of 1,016 positions, accord- sales. Prior to joining Midwest, he furnishings and design services Independent investors have expectations, 23 percent to exceed ing to SBA data. was a principal and vice president and to signal its departure from a bullish outlook about the near- them; Apple, 33 percent to meet “Small businesses are the of marketing at MHTN Architects the office products market.