Vivint has been in the news this year for changing its name from APX Alarm to signal the Provo, Utah-based company’s expansion from home security into home automation.
A big part of home automation is energy management and the summer-sales-model Vivint is increasingly involved with energy solutions. First, there was the company’s acquisition late last year of a company that installed smart meters for utilities. Then, this month, Vivint announced it has a new energy division, Vivint Energy, and a new president to lead that division.
Here’s more from the July 19 press release:
“Vivint has hired Tanguy Serra as president of the company’s newly formed Energy Division. The new Vivint Energy division pulls together the company’s smart meter installation capabilities, energy management services and renewable energy initiatives. The division will continue to expand the company’s role in providing smart energy solutions for consumers and utilities."
"In his new role, Serra will lead the company’s energy initiatives, as well as oversee day-to-day operations and bottom-line performance of the division. Serra will report to the company’s COO Alex Dunn."
"Prior to joining Vivint, Serra served for seven years as a vice president at TPG, a leading global private investment firm with $48 billion of capital under management across a family of funds. Serra worked in TPG’s London office, where he was on the team that managed the successful buyout of TIM Hellas Telecommunications SA, one of Europe’s leading mobile telecommunications firms. Serra also worked in Singapore and Hong Kong, leading TPG’s investment in HKE, a leading Chinese renewable energy company. Most recently, he worked in TPG’s San Francisco office, where he focused on renewable energy investments in the United States. Before working with TPG, Serra served on Merrill Lynch’s Energy Investment Banking Team. He also worked at Morgan Stanley Capital Partners and Deloitte."
“Tanguy’s experience will be a tremendous benefit to our organization. We are very excited to have him as part of our management team,” said Alex Dunn, the company’s COO. “The demand for additional energy-related services led us to launch this new division, and with his expertise, we will be able to provide innovative energy efficiency and renewable energy services to our growing customer base. Since the initial introduction of our energy-related services almost a year ago, we have seen an overwhelming response. We currently have more than 60,000 energy management customers and an adoption rate for energy management services of 45 percent.”