Oct. 29, 2015

Built in Boise: Healthcare Investment to Glassware with a Goal

by Built in Boise

The writers, photographers, designers, builders and business-owners at Built in Boise have delved into more Boise companies to share their stories and the people behind them. From healthcare investment to glassware with a goal, here is a roundup of profiles from October... 

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Feb. 12, 2016

A10 Capital in Boise Lands $75 Million Investment

A10 Capital, one of the nation’s leading middle-market commercial real estate lenders, announced it closed a $75 million investment. The investment is the latest growth push for A10 Capital, which is based in Boise and Dallas, Texas, and has regional offices in eight states. A10 Capital specializes in commercial loans ranging from $1 million to more than $20 million per property and has funded more than 30 million square feet of commercial property, the company said. A10 calls itself “the most active lender in the middle-market commercial mortgage space.”

Mar. 11, 2016

Downtown Boise Parcel B Set to Receive 50 Million Dollar Investment

One of Downtown Boise’s most aggressive developers in recent years is planning a less-ambitious version of its original vision for Parcel B, the 5-acre lot between 11th, 13th, Myrtle and Front streets. The new project includes a 145,000-square-foot office building along Myrtle Street, a 600-space parking garage on the southwest corner of 11th and Front, and a 5,000-square-foot retail building on the northwest corner of Myrtle and 11th. The lot’s northwest quadrant would be left empty for future development.

Jun. 24, 2015

Boise State Joins National Call for Investment in Innovation

by Kathleen Tuck, Boise State University

Boise State University has joined other leaders of American business, industry, higher education, science and engineering in an urgent call to action for stronger federal policies and investment to drive domestic research and development. Ten CEOs and 252 organizations signed “Innovation: An American Imperative,” a document aimed at federal decision makers and legislators. It underscores the findings — and warnings — contained in the American Academy of Arts & Sciences report, “Restoring the Foundation: The Vital Role of Research in Preserving the American Dream.”

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Jul. 28, 2015

Supporting Diversity is an Investment in the Boise of Tomorrow

by Mayor David Bieter, City of Boise

In the coming days, one of Boise’s defining events, Jaialdi, will be in full swing.

It’s a celebration of a heritage and culture that is embraced by the larger community. Every five years, it makes Boise a focal point of the global Basque community. Today, few seem to question that events like Jaialdi contribute to our sense of place, of what it means to be from Boise, and our community’s cultural richness.

But, it wasn’t always so.

We now look back with admiration on the immigrants - Irish, Mexican, German, Basque, and Chinese - who left their homeland more than a century ago seeking opportunity and finding it here in Boise. We know that they were a key force in building this city into the wonderful place it is today. Yet, those same intrepid, industrious newcomers were just as often viewed with suspicion by their contemporaries because of the language they spoke, the religion they followed or the color of their skin.

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Dec. 16, 2015

CVC Capital Partners’ Growth Fund Makes $80 Million Investment in Kount Inc.

by Kount

Kount Inc. (“Kount”) and CVC Capital Partners (“CVC”) announced today that the CVC Growth Fund will provide an $80 million growth equity investment to Kount, a leading provider of online and mobile fraud detection and prevention solutions. The investment will enable Kount to accelerate product innovation, expand its global footprint, and enhance customer support services.

Based in Boise, ID, Kount provides cloud-based fraud detection solutions that enable merchants to reduce fraudulent transactions made online and via mobile while increasing revenue by accepting more valid orders. Kount eliminates or reduces manual reviews of potentially fraudulent transactions for its customers, reducing credit card chargebacks, improving customer satisfaction, and drastically reducing fraud, in many cases by more than 90 percent.

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Dec. 27, 2014

Capitol City Angels Invest in Three Local Startups

The Capitol City Angel Fund announced its latest round of investments in three small businesses: GenZ Technology and Wevorce in Boise, and Room Choice in Nampa.

The Capitol City Angel Fund is a group of local, accredited investors who help fund small, local startups. The $1.1-million fund is affiliated with the larger Boise Angel Alliance, which has invested nearly $8 million in startups. Boise Angel Alliance investments have spurred creation of more than 300 Idaho jobs, the alliance said. The latest investment totals were not disclosed. GenZ Technology designs and builds high-tech crop sprayers designed to waste less water or chemicals on vineyard and strawberry crop production. Room Choice has developed an online tool for student housing managers. Wevorce works to take the conflict out of divorces.

Apr. 13, 2015

Cradlepoint Closes $48 Million Growth Equity Financing

by Cradlepoint

Cradlepoint, the global leader in 4G LTE networking solutions for distributed enterprises, has closed a Series B round of $48 million growth equity funding. The proceeds will be used to accelerate its international expansion and development of industry-leading cloud-managed Wireless Wide Area Networks (WWAN) and security solutions. The round was led by Sorenson Capital, with participation from Delta-v Capital and The CAPROCK Group.

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Jul. 8, 2015

Albertsons Files for IPO of U.S. Grocery-Store Chain

Albertsons Cos., the grocery chain with more than 2,000 stores across the U.S., filed for an initial public offering. The planned IPO of Albertsons comes just six months after its private-equity owner, Cerberus Capital Management, completed a $9 billion acquisition of Safeway Inc. A combination of Albertsons and Safeway will be the second-largest grocery-store chain in the U.S. behind Kroger Co., according to PrivCo Media.

In addition to the Albertsons and Safeway brands, the Boise, Idaho-based company operates chains such as Vons, Jewel-Osco, United Supermarkets and Pavilions. Adjusting for the acquisition of Safeway, Albertsons posted sales of $57.5 billion last year, with net losses of $385 million, according to the filing.

Jan. 12, 2015

AmerisourceBergen to Buy Boise’s MWI Veterinary Supply for $2.5 Billion

AmerisourceBergen Corp. agreed to buy MWI Veterinary Supply, Inc. for $2.5 billion as the drug wholesaler expands into the growing area of animal health. MWI sells more than 50,000 products, including pharmaceuticals, vaccines, veterinary pet food and equipment, among other things. “Animal health is a growing market in the U.S. and internationally, and is a logical extension of our pharmaceutical distribution and services businesses,” said AmerisourceBergen Chief Executive Steven H. Collis.

Veterinarian Millard Wallace Ickes founded the Boise-based MWI in 1976 and it grew into one of Idaho's larger employers. 

Nov. 5, 2015

Paylocity Chooses Boise, Creating 500+ Jobs in Next Five Years

by Admin

Paylocity (NASDAQ:PCTY), a provider of cloud-based payroll and human capital management software solutions for medium-sized organizations, has selected Boise for a new expansion facility with plans to create more than 500 quality jobs.  

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Jun. 4, 2015

Tech company AppDetex raises $2 million

AppDetex, a Boise technology company that protects businesses’ brands on mobile applications, has raised $2 million from investors to fuel growth. Some of that money will be used to add new employees, especially software developers, according to chief financial officer John Rubocki. The $2 million is the first major financing for AppDetex, Rubocki said. He said the funding came from both local and regional investors whom he declined to identify. Rubocki said the company now has sufficient capital for its growth. “Hopefully as we continue to grow we will be seeking more funds,” he said.

AppDetex was founded in 2011 by local entrepreneur Faisal Shah. Before AppDetex, Shah founded and ran another brand protection company, MarkMonitor, which Thomson Reuters bought in 2012. He also founded First to File, a patent management system, which was acquired in 2013 by CPA Global.

Feb. 18, 2015

Andreessen Horowitz CEO to speak at Startup Grind Boise

Photo by Startup Grind Boise

Coming to Boise to speak at Startup Grind's Fireside Chat is Scott Kupor, the Chief Operating Officer, Partner and Managing Partner of Andreessen Horowitz - a $4 billion venture capital firm.

Feb. 4, 2016

Meridian-based Diamond Line Delivery now owned by employees

Idaho-based Diamond Line Delivery Systems Inc. is now entirely owned by its employees. The “less-than-a-truckload” freight company has about 250 employees across 11 locations in Idaho, Oregon, Utah and Washington. Its corporate office is in Meridian. “We felt that the employees were a contributing factor to our success, and we wanted to create an opportunity to reward them,” said Calvin Fillmore, who had co-owned the company and now is CEO.

Diamond Line was 30 percent employee-owned through an employee stock ownership plan, or ESOP, starting in 2010. But on January 13, its majority owners sold the company to the ESOP. The freight business is now among several ESOP companies in Idaho.