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In addition, the Impact Award was given to Amy Rees Anderson of Rees Capital for her work over the years in various technology company roles. Anderson began her first business in 1996 and eventually became CEO of MediConnect Global, which was acquired last year. She recently founded REES Capital, a company that provides entrepreneurs and business executives with critical guidance and support to help their companies grow.
During the past six years, the WTC has honored 90 women and 15 university students. The WTC also recently launched a scholarship program that offers scholarships to high school students pursuing science, technology, engineering and math degrees.
Provo – MONEYDESKTOP was selected by Sheridan, Wyo.-based First Federal Savings Bank to provide the bank’s customers with online and mobile PFM tools.
Orem – MITY ENTERPRISES, INC. was acquired by Prospect Capital Corporation, a New York-based business development company. The companies did not disclose financial terms of the transaction.
The company also introduced a new corporate identity including a new logo, tagline and website.
Provo – INVIROMENT developed a compound called PlasTek that decomposes plastics in 12 to 36 months. The Department of Energy recently awarded Inviroment with a $100,000 grant for the development of PlasTek.
Provo – ANCESTRY.COM acquired Find A Grave, Inc., an online cemetery database with more than 100 million memorials and 75 million photos. Ancestry.com plans to make various upgrades to Find A Grave.
Utah Governor Gary R. Herbert named State Representative SPENCER J. COX (R – Dist. 58) to replace Greg Bell as lieutenant governor. A former Sanpete County commissioner and Fairview mayor and city councilman, Cox, 38, is presently the vice president of CentraCom, a rural telecommunications company.
Nature’s Sunshine Products, Inc. appointed GREGORY L. PROBERT as CEO. Probert has been interim chief executive officer since April 1. The company also appointed BETH SPRINGER to its board of directors.
Paul Davis Restoration named JAMI FURNISS as director of marketing. She was previously director of marketing for Henry Walker Homes, and a marketing development engineer at Marketstar and i4 Solutions.
App Helps People Negotiate Smarter Deals on Cars
By Rachel Madison
Lehi – An app created in Lehi is helping people nationwide find the best deals around when they’re in the market for a used vehicle. VINNY is a free mobile app that scans a vehicle identification number, or VIN, and reveals the wholesale price of that car.
“Every car has its own unique number, so Vinny scans that barcode and it will tell you the wholesale price of the vehicle,” says Dalena Tran, co-founder of Vinny and head of marketing and social media. “We get that number from nationwide auctions. There are wholesale auctions around America that are basically only for dealers. We take that pricing information and give it out to the public.”
Tran says Vinny’s price is formulated by entering the figures into sophisticated statistical algorithms that can be calculated within seconds. In the app, consumers can also include the number of miles the car has and the condition it’s in to make the price reflect the car better.
In addition to showing consumers the wholesale price of vehicles, the Vinny app also provides vehicle history reports for a price through a partnership with a company called VinAudit. Vinny’s price can also be compared to prices from AutoTrader.com, eBay, Kelley Blue Book, NADA and Cars.com. The app also offers a payment calculator, which can be used to estimate how much the monthly car payment will be depending on the interest rate and length of loan they obtain.
The beta version of the Vinny app was released in November 2012 on iTunes and immediately gained popularity.
“Vinny got picked up by a pretty big blog called the Unofficial Apple Weblog and we got tons of downloads,” Tran says.
The completed version of the app was released earlier this year in May and since then, it has had more than 50,000 downloads from around the world. Although the app is currently only available on iTunes, Tran says plans to make it available on the Android platform are in the works.