Tag: ceo
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Report: Downtown Colorado Springs survives pandemic better than most
Downtown Colorado Springs took some hits during the COVID-19 pandemic, but has emerged far stronger than most observers expected after many office employers sent workers home to work for the past year. Although downtown sales tax revenue was down 20%, retail vacancy rates rose and hotel occupancy declined, more storefront businesses opened last year than…
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Colorado Springs-based Insurance Technologies acquires Utah company
Colorado Springs-based insurance software provider Insurance Technologies has acquired Utah-based IXN Tech for its mobile application that helps life insurance agents sell policies. The deal comes about six months after Insurance Technologies was sold to Boston-based private equity firm Thomas H. Lee Partners to help it develop its sales automation software for the life insurance…
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Colorado Springs hotel occupancy increases for first time in 16 months
Colorado Springs hotels sold more rooms than a year earlier last month for the first time in 16 months, but only because the COVID-19 pandemic had already triggered many convention cancellations in March 2020. The 53.9% occupancy rate in March was the highest since October and up from 38.8% in March 2020, the first year-over-year…
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BUSINESS | Quantum Metric
Quantum Metric has added chief financial and revenue officers to its management team and an advisory board member in the wake of landing $200 million in venture capital as the Colorado Springs-based software company gets ready to go public. (Video by Skyler Ballard)
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Broadmoor World Arena to host state basketball, spirit championships
The 2021 state basketball and spirit champions will be crowned in Colorado Springs. The Colorado High School Activities Association announced Thursday that the Broadmoor World Arena will host CHSAA’s 100th state basketball championships and 30th annual state spirit championships. Previously the state championships were held at the Denver Coliseum and the University of Denver Hamilton…
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Colorado Springs-based Cherwell Software to be sold to Utah company
Colorado Springs-based Cherwell Software will be acquired by Salt Lake City information technology security company Ivanti in a deal backed by two private equity investment firms, Ivanti announced Tuesday. Affiliates of Clearlake Capital Group and TA Associates are financing the deal; terms of the transaction were not disclosed. Cherwell CEO Sam Gilliland said the deal…
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Quantum Metric adds senior executives to management team
Quantum Metric has added chief financial and revenue officers to its management team and an advisory board member in the wake of landing $200 million in venture capital as the Colorado Springs-based software company gets ready to go public. Ed Goldfinger, who has spent more than 20 years as CEO or chief financial officer of…
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Cripple Creek casino expansion getting a lot bigger after bet limits raised
The owners of Bronco Billy’s Casino & Hotel are going all in on a planned expansion, announcing plans Monday to nearly double the size of a hotel and parking garage project. Las Vegas-based Full House Resorts, which owns Bronco Billy’s, unveiled the updated plans as part of an earnings update it released, saying its board…
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Colorado Springs Movers & Shakers
Lindsay Schultz of Colorado Springs has been promoted to CEO of MRC Recruiting, an executive search firm specializing in precious metals mining and the resource sector, that is headquartered in Denver and Albuquerque, N.M. She has been with the company for 15 years and was vice president. She has a bachelor’s degree in human resources…
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Loss of U.S. Space Command a ‘missed opportunity’ for Colorado Springs; what next?
John Suthers has plenty of economic development wins as mayor — a massive Amazon distribution center and Southwest Airlines expanding to Colorado Springs to name two — but he called the loss of the U.S. Space Command to Huntsville, Ala., his biggest setback. “We haven’t had a whole lot of economic development bad news, but…