At the heart of this transformation are companies like Adobe , which helped lay the groundwork for Silicon Slopes' rise. The tech-cluster has created fertile ground for other startups to grow in the Silicon Slopes ecosystem. "That was a seminal moment in the history of Silicon Slopes," he said. The city's leaders and entrepreneurs hope that the snowball effect will continue to roll down Silicon Slopes. "We're very proud of that sort of pioneer heritage that we have, particularly in building what is now the Silicon Slopes ecosystem," Sherman said.

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Persons: Adobe SVP Wade Sherman, CNBC's Carl Quintanilla, Wade Sherman, Adobe's, Sherman, Brad Rencher, CNBC Rencher, Rencher, it's, It's, Catherine Wong, Entrata, —, Wong, haven't, Todd Pedersen, Adobe, Pedersen, " Pedersen Organizations: Adobe, Adobe SVP, CNBC, Oracle, Microsoft, Salt Lake, Blackstone Locations: Lake City, CNBC's, Salt, Lehi, Salt Lake City, Lehi , Utah, Silicon, Draper, Orem, Provo, Adobe's, Utah, Silicon Valley, North America, Silver