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Goldman, Beekman see value in NorthStar

The Utah summer-model company says those two new equity partners will enable it to grow faster
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05/22/2013

OREM, Utah—The fact that Goldman Sachs and The Beekman Group are NorthStar Alarm Services’ new equity partners is a “vote of confidence” in that summer sales company, according to Henry Edmonds, president of The Edmonds Group, which facilitated the transaction.

Vivint CEO encourages entrepreneurs to pitch ideas

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05/14/2013

PROVO, Utah—A group of 10 Utah County-based startup companies competed to win $4,500 in cash and a chance to sit down with Vivint founder and CEO Todd Pedersen, according to an article from the Daily Herald, a newspaper based here.

Home automation a perfect fit on Mother’s Day?

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Wednesday, May 8, 2013

Flowers, breakfast in bed … and a security system?

In the past, that third item may not have come to mind as a way to make life easier and more enjoyable for Mom on Mother’s Day, but home automation may be changing that—or so a creative new marketing campaign from Vivint underscores.

A news release from that Provo, Utah-based home automation/home security company just in time for Mother’s Day points out that new home automation features can help make life easier for today’s hard-working moms.

The release is headlined: “Vivint home automation makes the perfect Mother's Day gift for busy moms.”

And this is how it continues:

As Mother's Day approaches, grateful children and husbands everywhere are looking for the perfect gift for Mom. For a busy mother looking for something to simplify her life, a new home automation system from Vivint, the largest home automation provider in North America, is the perfect fit.”

Wherever Mom is—at work, home, the grocery store, or traveling—she can check in at home using her smartphone, laptop, or computer. And whether she's a stay-at-home mom, a working mom, or a combination of both, she can use Vivint to watch live video of what's happening at home, arm or disarm the security system, get text notifications when the kids get home from school, and adjust the thermostat. All Vivint products work remotely with any web-enabled device, so moms on-the-go can always stay connected to their homes and families.

 

Integration heavyweights top revenue rankings

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05/02/2013

FRAMINGHAM, Mass.—Vivint, ADT and Guardian Protection Services all secured a top-five ranking for the annual CE Pro 100 list, which recognizes the highest revenue residential integration companies in North America.

Vivint Live: personal touch monitoring; Vivint president takes on solar CEO duties

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Wednesday, April 3, 2013

Two recent developments from home automation/home security giant Vivint caught my eye. One is a new feature for homeowners called Vivint Live, which the company said links customers directly to a monitoring professional and helps reduce false alarms. The other is that Alex Dunn, who just recently became president of Vivint, is also now interim CEO for Vivint Solar.

Provo, Utah-based Vivint announced today that with Vivint Live, its customers can now use their touchscreen panels to communicate directly with a monitoring professional in the event of an alarm.

Here’s what the company had to say:
 

When an alarm is triggered, the signal is sent to Vivint's award-winning monitoring center, which is staffed 24 hours a day throughout the year. Upon receiving the alarm, a Vivint in-house monitoring professional speaks to the customer through the touchscreen panel. Acting as a first responder, the agent assesses the situation, confirms an emergency with the customer, and dispatches emergency personnel accordingly. With Vivint Live, homeowners have the personal, immediate response they need to work through any emergency situation and receive necessary care. …

… Vivint Live's quick response also allows Vivint to decrease the number of false alarms. Vivint monitoring professionals connect directly with the customer and then dispatch emergency personnel only during a legitimate emergency or when the customer cannot be reached.

In other news, the company also announced yesterday that Tanguy Serra has stepped down as CEO of Vivint Solar and that Dunn is now interim CEO. Serra said in a statement that it’s time for him to step away from day-to-day operations but that he still will be involved as an advisor to the company.

Vivint Solar, a company that Vivint created in 2011, is one of the fastest-growing residential solar power provider in the North America.

Dunn said in a statement: “Tanguy has helped us build an amazing business, and we are grateful for all of his hard work and dedication. Vivint Solar is what it is today because of his leadership. We are committed to expanding upon the foundation that he has built, and believe our solar solution to be a critical component to helping our customers save money and gain energy independence.”

 

Vivint CEO buying golf course, becoming developer

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Wednesday, March 27, 2013

Vivint has been in the news a lot since it was acquired late last year by the Blackstone Group for more than $2 billion. But the latest scoop is actually about the CEO of the Provo, Utah-based company, Todd Pedersen. He’s about to buy a golf course in nearby Orem and turn it into a housing development where he and others will live, according to the Daily Herald, a Provo-based newspaper.

But Pedersen also will give 20 acres of the property back to the city for recreation, the report says.

The paper says the Cascade Golf Center has been in business 45 years but has announced this year will be its last because it’s being sold to Pedersen for a residential development. The paper quotes Keven Stratton, Jr., who runs the family-owned golf course, as saying the economic downturn and competition from new golf courses have made business difficult.

Here’s more from the newspaper's March 21 story:
 

Todd Pedersen acknowledged Wednesday that he is in a business arrangement with the Strattons on the sale of the lease and is going through due process and will eventually come to the city council for approval. Pedersen's proposal would give him land to develop low-density homes -- approximately 12 to 15, with his being one -- but he would return to the city approximately 20 acres of land worth $7 million in fully developed parkland, sports fields, with infrastructure, parking, bathrooms and more.

"My wife and I have lived in the valley and we want to do something that most residents can enjoy," Pedersen said. "I want to make sure for the city management that the best uses will be made for the most citizens."

Pedersen knows many golfers in the community will be unhappy losing Cascade and he understands how they feel.

If Pedersen's proposal is carried through it will bring approximately $300,000 in property tax revenues to the city. He said that more than replaces the $450 a year the city receives through the Strattons' lease. Because the property is zoned R1-12 the plan Pedersen is proposing complies with the zone.

Cascade Golf Center opened in May 1968 after the city agreed to lease property to the Strattons until 2060. A second-generation owner, Stratton purchased the golf course in 1989 from his father and other partners. The construction and operation of the course has been privately financed. …

… The 53 acres owned jointly with Orem City along with the majority of the 67 acres of privately owned land that make up Cascade Golf Center are being sold. That includes the miniature golf course, the driving range, the small orchard east of the range, the Valley Course or lower nine and the back nine.

While the price of the property and the lease's selling price have not been disclosed, it is no secret that Orem and other developers see this as prime property, possibly worth as much as $200,000 an acre.

 

New landlord for Vivint headquarters building

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03/26/2013

PROVO, Utah—The office building that serves as the headquarters for Vivint was recently sold, according to a news release.

Vivint fined $55K for deceptive sales practices in Kansas

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03/22/2013

TOPEKA, Kan.—Vivint has agreed to pay restitution, fines and investigative costs after being accused of violating Kansas consumer protection laws, according to a news release from Kansas Attorney General Derek Schmidt.

Vivint wins Stevie Award

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03/19/2013

PROVO, Utah—Vivint was awarded the 2013 People's Choice Stevie Award for favorite customer service provider in the "other industries" category, according to an article from Utah Business. 

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