Vivint Smart Home

#3373

Rank

$2.58B

Marketcap

United States

Country

Leadership team

Mr. David H. Bywater (CEO & Director)

Mr. Todd R. Pedersen (Founder & Director)

Mr. Daniel J. Garen (Chief Ethics & Compliance Officer)

Products/ Services

Electronics, Security, Smart Home

Number of Employees

1,000 - 20,000

Headquarters

Provo, Utah, United States

Established

1999

Company Registration

SEC CIK number: 0001713952

Revenue

Above - 1B

Traded as

VVNT

Social Media

URL

https://www.vivint.com

Overview

Location

Recognition and Award

References

Summary

Vivint Smart Home, Inc., together with its subsidiaries, engages in the sale, installation, servicing, and monitoring of smart home and security systems primarily in the United States and Canada. The company's smart home platform includes cloud-enabled smart home operating systems; AI-driven smart home automation and assistance software; software-enabled smart home devices; and tech-enabled services to educate, manage, and support the smart home. It also offers other devices, including control panel, door and window sensors, security cameras and smoke alarms, door locks, motion sensors, glass break detectors, key fobs, emergency pendants, carbon monoxide detectors, fire, flood, and burglary sensors. The company's solutions enable subscribers to interact their connected home with voice or mobile device, including front door, viewing live and recorded video inside and outside homes; and control thermostats, locks, lights, and garage doors, as well as managing movement of families, friends, and visitors. As of March 31, 2021, its smart home platform had approximately 1.9 million subscribers and managed approximately 26 million in-home devices. It markets its products through direct-to-home and inside sales channels. Vivint Smart Home, Inc. was founded in 1999 and is headquartered in Provo, Utah.

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. APX Alarm Security Solutions rebranded as Vivint in February 2011. Vivint was acquired by The Blackstone Group in November 2012.In February 2014, the company donated $1 million to the Utah Valley University, along with a $1 million investment from Vivint's CEO, to establish a professional sales program and a SMART Lab for marketing research.Vivint's former CEO Todd Pedersen appeared on the CBS television show Undercover Boss in February 2015.In 2015, Vivint became the official safety sponsor for Autism Speaks.The 2017 J.D. Power 2017 Home Security Satisfaction Study ranked Vivint as the "Highest in Home Security Customer Satisfaction" among home security brands. The 2020 Home Security Satisfaction Study ranked Vivint second, behind AT&T Digital Life.In January 2020, Vivint completed a merger with Mosaic Acquisition Corp. and became a publicly traded company on the New York Stock Exchange.In December 2022, NRG announced the acquisition of Vivint Smart Home for $2.8 billion in cash, adding home security and automation to its offerings, expected to close on the first quarter of 2023.

Vivint Solar

The company launched Vivint Solar, a solar energy company, in 2011. Vivint Solar went public in October 2014 and was later purchased by Sunrun.

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 lasts 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.

Mission

Vivint Smart Home is a leading smart home company in North America.

Vision

Vivint's vision is to create a world in which technology enables all people to control their lights, doors, and temperature while keeping everyone and everything safe and sound.

Key Team

Mr. Todd M. Santiago (Chief Revenue Officer)

Mr. Dana C. Russell (Chief Financial Officer)

Mr. Rasesh Patel (Chief Operating Officer)

Mr. Nathan Stubbs (VP of Investor Relations)

Mr. Garner B. Meads III (Chief Legal Officer & Sec.)

Ms. Noelle Bates (VP of PR)

Ms. Kim Wittman (Sr. VP of People & Culture)

Recognition and Awards

Vivint won 1 award in 2021. In 2021, Vivint won for Best Engineering Team 2021. Based on 6,499 ratings and 359 participants, employees at Vivint are very satisfied with their work experience. The overall culture score, 78/100 or A, incorporates employee ratings based on their feedback on the Outlook, Office Culture, Happiness and more.