Vivint smart dealmaker
Vivint, formerly APX Alarm, has had a busy month, with its execs garnering business deal-making awards and the company winning a municipal smart meter contract.
On March 11, the Provo, Utah-based home automation/security company’s chief executive and founder Todd Pedersen and CEO Alex Dunn received 2011 Dealmakers of the Year awards from the Utah Chapter of the Association for Corporate Growth, according to a company press release.
The recognition occurred at the 7th annual ACG Utah Intermountain Growth Conference and ACG Capital Connection. The conference was created to connect private equity organizations with middle-market businesses in Utah, Idaho and Northern Nevada, the company said.
“We are delighted to honor Todd Pedersen and Alex Dunn as Utah’s 2011 Dealmakers of the Year,” Steven Stauffer, president of the Utah Chapter of ACG, said in a statement. “By any meaningful measure, these are two extraordinary, high-impact business leaders with a powerful drive for tangible results.”
Selection criteria for the 2011 Dealmaker of the Year Award included both quantitative and qualitative factors, with a strong emphasis on measurable performance, the release said.
“It is extremely gratifying for our company to share this honor with such successful Utah legends as Omniture (now Adobe) and Skull Candy,” Dunn said in a statement. “This award attests to the diligence and integrity of Vivint’s tremendous workforce, who have had an incalculable, ongoing impact on our growth.”
Launched in 1999, the home security company early this year introduced a variety of new home automation products and services, and rebranded itself as Vivint to reflect the new strategic direction.
Vivint also announced this month that it was chosen to install an advanced community-wide water meter system for Sandy City, Utah. Technicians from Vivint’s Smart Grid Solutions Division will install 24,000 meters over the next several years.
Sandy City will enjoy improved meter reading efficiencies and enhanced customer service while, reducing overhead costs, according to Vivint.
Vivint entered the smart grid market in December 2010 with the purchase of Meter Solutions, a smart meter installation company with more than 13 years of operational expertise.