The Utah-based summer-model giant that recently changed its name stands out in its home state for generating revenue and growing at a rapid pace, according to the Utah Valley Business Quarterly.
Vivint, formerly APX Alarm, which rebranded Feb. 1 as a way to highlight its big push beyond home security into home automation, announced this week that it had garnered top spots in the magazine’s “third annual UV50 rankings of Utah Valley’s leading companies. The company ranked No. 2 among Utah County companies for revenue performance and No. 11 for its rate of growth.”
According to a Vivint press release, the magazine’s 2011 30 fastest-growing companies ranking was compiled by the magazine’s editorial team based on companies’ percentage revenue growth over a three-year period from fiscal year 2008 through 2010. The magazine’s top 10 revenue companies ranking was based on 2010 revenues.
“The UV50 honors the economic engines of Utah Valley — and Vivint is no exception,” Briana Stewart, the magazine’s managing editor stated in the release. “In addition to ranking high on our top revenue list, the stalwart Provo company graces our fastest-growing category, which is no easy feat considering their impressive revenue. BusinessQ offers a big congratulations to Vivint. We look forward to seeing them on the UV50 for years to come.”
“In the midst of a sustained economic downturn, we are pleased to achieve the dual honors of being among Utah County’s leading revenue companies and the fastest-growing companies,” said Todd Pedersen, Vivint CEO.
Vivint operates throughout the United States and Canada and has more than 5,000 employees and services about 500,000 customers.