What happened to APX Alarm?
APX Alarm Security Solutions rebranded as Vivint in February 2011. The company completed a $565 million senior debt financing led by Goldman Sachs that month. Vivint also received funding from Peterson Partners and Jupiter Partners.
What's new at Vivint?
In 2019, U.S. News & World Report named Vivint the Top Home Security System of 2019. In 2020, Forbes named Vivint to its list of “America’s Best Employers for Diversity” for a second consecutive year. The Vivint Smart Hub, Vivint's smart home hub. Vivint launched its own cloud-based smart home automation solution in June 2014.
What happened to Vivint security?
At the time, the company sold and installed security systems. Vivint began retaining customers in 2006 after it became a home monitoring provider. The company expanded its service to Canada that year after signing a $75 million credit facility agreement with Goldman Sachs.
Is Vivint owned by Blackstone?
Vivint, Inc. (known as Vivint Smart Home) is a private smart home services provider in the United States and Canada. It was founded by Keith Nellesen and Todd Pedersen in 1999. In 2012, The Blackstone Group acquired Vivint for more than $2 billion.
See more
Did Vivint change their name?
PROVO, Utah—The new way to spell APX Alarm Security Solutions is Vivint. The summer-model giant announced today that it has rebranded to Vivint—a name the company said was chosen to convey the concept of “living intelligently.”
What company owns Vivint?
The Blackstone GroupIn 2012, The Blackstone Group acquired the company for $2 billion. In January 2020, Vivint completed its merger with Mosaic Acquisition Corp. and became a publicly traded company on the New York Stock Exchange.
When did Vivint Smart Home IPO?
The combined company will be named Vivint Smart Home and will trade under the ticker symbol VVNT on the New York Stock Exchange beginning Tuesday, January 21, 2020.
How much did Todd Peterson sell Vivint for?
$2 billionThe Blackstone Group acquired Vivint for $2 billion in 2012.
What did Vivint used to be called?
APX Alarm Security SolutionsAPX Alarm Security Solutions rebranded as Vivint in February 2011. The company completed a $565 million senior debt financing led by Goldman Sachs that month.
Why did Vivint sell Sunrun?
The combined company benefits from broad market reach and differentiated consumer offerings. A lower cost structure from greater scale will accelerate the transition away from polluting and unreliable fossil fuels.” Sunrun will be a meaningful contributor to a fully renewable and electrified energy system.
Is Vivint a Mormon owned company?
In fact, Vivint Solar, a startup founded by an entrepreneur and former Mormon missionary, finds members of The Church of Jesus Christ of Latter-day Saints who knocked on doors as part of their own missions are among its best salespeople, making up about half the salesforce.
Is Vivint owned by Blackstone?
Jones Day advised Vivint, Vivint Solar, and 2GIG Technologies in their acquisition by Blackstone for more than $2 billion. Vivint is the largest home automation services company and second largest residential security services provider in North America.
Who is SimpliSafe owned by?
Hellman & FriedmanSimpliSafe was acquired by Hellman & Friedman on Jun 29, 2018 .
What does Todd Peterson do for a living?
Todd Peterson now lives in the Durham / Chapel Hill area. On his Instagram page, Todd lists himself as President & Founder of America Industries.
What does Michael Petersons brother do for a living?
Bill Peterson, whose full name is William Peterson, is an attorney currently practicing with the Reno, Nevada, office of Snell & Wilmer, a national law firm.
Who bought Vivint smart home?
the Blackstone GroupPROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.
How much did Vivint settle with ADT?
In 2018 Vivint agreed to a $10 million settlement in a lawsuit on the issue with ADT Inc. on claims that Vivint agents would gain access to homes and install new Vivint equipment under the guise of an upgrade, then sign ADT’s customers to new contracts with Vivint.
When did Vivint Solar start?
The company launched Vivint Solar, a solar energy company, in 2011. Vivint was acquired by The Blackstone Group in September 2012. In 2013, Forbes ranked the company 46th in its annual ranking of "America's Most Promising Companies.".
What is Vivint smart home?
The system provides a centralized control, a smartphone application for remote access and learning algorithms that automatically pick up on a user's patterns. In 2014, the touchscreen Vivint SkyControl panel received a CE Pro BEST Award for "new custom electronic products introduced in 2014." In 2015, Vivint introduced the Vivint Doorbell Camera to its smart home solution. The product allows consumers to see, hear and speak with visitors on their doorstep from any mobile device with internet connection. The product received a 2016 Electronic House Product of the Year award.
What states did Vivint settle?
Vivint has settled multiple cases due to deceptive marketing practices. From 2009 through 2014 the company settled with the states of Arkansas, Oregon, Ohio, and Nebraska. In 2014, Vivint settled two federal class-action lawsuits for alleged violations of the TCPA.
What is Vivint Solar?
launched a standalone company, Vivint Solar, as a solar electricity provider that designs, installs, and maintains residential photovoltaic systems. The company offers solar panels via a power purchase agreement (PPA). Vivint Solar owns, installs, and maintains solar panels on customers’ homes in exchange for customers agreeing to purchase the solar energy their panels produce. Vivint Solar is similar to other alternative solar companies like SolarCity, SunRun, and Sungevity. Its innovation in the field is the use of microinverters for each separate solar panel, allowing maximum production when some of the panels are in the shade.
When did Vivint Arena get its name?
Vivint Arena. On October 26, 2015, Vivint acquired the naming rights to the Utah Jazz 's home arena, renaming the building as Vivint Arena. The contract will last for 10 years. In April 2018 Vivint and the Utah Jazz added a new sensory room at the arena for children with autism spectrum disorder.
Is Vivint a partner with Airbnb?
In 2017, Vivint announced a partnership with Airbnb.
Share Your Thoughts on Network and Cyber Safety in SSI's 2022 Cybersecurity Research Deep Dive
Cyber attacks such as data hacking, phishing scams, and ransomware are more prevalent than ever. Is your company doing what it takes to protect clients as well as your own network? We want to hear from you. What challenges are you facing? Where have you seen success? And what are your plans for 2022? Take SSI's Cybersecurity Survey today!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call.
Overview
History
In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. At the time, the company sold and installed security systems. Vivint began retaining customers in 2006 after it became a home monitoring provider. The company expanded its service to Canada that year after signing a $75 million credit facility agreement with Goldman Sachs. Goldman Sachs and APX Alarm completed another credit facility agreement worth $440 million in 2009. That No…
Products and services
Vivint launched its own cloud-based smart home automation solution in June 2014. The system provides a centralized control, a smartphone application for remote access and learning algorithms that automatically pick up on a user's patterns. In 2014, the touchscreen Vivint SkyControl panel received a CE Pro BEST Award for "new custom electronic products introduced in 2014." In 2015…
Vivint Arena
On October 26, 2015, Vivint acquired the naming rights to the Utah Jazz's home arena, renaming the building as Vivint Arena. The contract will last for 10 years. In April 2018 Vivint and the Utah Jazz added a new sensory room at the arena for children with autism spectrum disorder.
Philanthropy
Through its charitable foundation, Vivint Gives Back, Vivint focuses on helping children with intellectual and developmental disabilities through intelligent products, services, and innovation. Vivint employees contribute time and money to perform services for these children. In 2017, Vivint Gives Back was named a “Corporate Social Responsibility Program of the Year” and in 2019, Engage for Good honored the organization with a Silver Halo award.
Legal issues
Vivint has settled multiple cases due to deceptive marketing practices. From 2009 through 2014 the company settled with the states of Arkansas, Oregon, Ohio, and Nebraska. In 2014, Vivint settled two federal class-action lawsuits for alleged violations of the TCPA. Many people stand by the belief that Vivint scams their customers with their three day refund policy (the legal limit for a security system). In 2018 Vivint agreed to a $10 million settlement in a lawsuit on the issue with ADT …
See also
• List of home automation software
• List of private security companies
• List of Utah companies
External links
• Official website
• Business data for Vivint: