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Vivint: 'Disruptive innovation' key to success

Company sees 'more opportunity to disrupt' and joins new business trend by hiring chief innovation officer

PROVO, Utah—“Disruptive innovation”—shaking up the traditional security model to create new markets—is a major reason for Vivint’s success, according to Vivint COO Alex Dunn.

Interface completes $230m refi, gets new $45m revolver

Imperial Capital advises, predicts more high-yield bond deals

ST. LOUIS—Interface Security Systems, based here, last week completed a $230 million bond deal and also secured a new $45 million revolver from Capital One.

Vivint innovates with new position

Vivint is the second prominent home security/home automation company—ADT was first—to create and fill an innovation officer job

PROVO, Utah—Vivint announced today that it has created a new position—chief strategy and innovation officer—and has named Matthew Eyring, a prominent strategy consultant, to the job.

Vivint wins recognition for tech service


PROVO, Utah—Vivint recently received a Mobile Star Award, winning the best asset tracking and field service category, according to a company statement.

Former Vivint CFO joins Viamedia


LEXINGTON, Ky.—Chris Black, who recently departed as chief financial officer at Vivint, has been named to the same position at Viamedia, which is based here and specializes in selling advertising to local, regional and national advertisers on behalf of U.S.

Vivint raises $1.5 million for charitable ventures


PROVO, Utah—Vivint today announced it raised $1.5 million through its 2012 Vivint Gives Back “Year of Service” Initiative, according to a company statement. The money was generated solely through employee contributions and Vivint corporate matches.

Blackstone closes on Vivint purchase

Deal will allow Vivint to ramp up inside sales; company also is seeking new CFO

PROVO, Utah—The deal is done: The Blackstone Group has officially closed on its purchase of home automation/home security giant Vivint for more than $2 billion.

Vivint: Canada fast-growing home automation market

Reasons include sales strategy and customer interest

PROVO, Utah—Vivint, a home automation/home security company based here, is finding Canadian homeowners very receptive to home automation, adopting it at rates that exceed those in the United States.

Following the money: Schmidt, Barnes and Christhilf talk deals, valuations and taxes

Experts reflect on 2012, share predictions for 2013

YARMOUTH, Maine—A number of big deals happened in 2012: the split-up of Tyco, the acquisition of Vivint and the creation of Securadyne, to name a few.

Vivint rapidly automating Canadian homes

Wednesday, December 5, 2012

Vivint signaled it was one of the nation’s home automation market leaders nearly two years ago when it changed its name from APX Alarm to Vivint, rebranding to reflect its expansion beyond home security into home automation services. The company has done so well that it has entered into a deal to be sold to the Blackstone group for more than $2 billion.

Now the Provo, Utah-based summer model company seems to be turning its focus to Canada. A recent press release from the company says that country “ranks among Vivint’s fastest growing markets.”

Here’s more from the news release:

"More than two out of three (68 percent) of Vivint’s Canadian customers in 2012 adopted one or more home automation features after purchasing a Vivint home security system. That was up from 57.6 percent compared to the previous year. Vivint’s home automation features include live video feeds of a home from a smartphone or computer, app-controlled door locks, thermostats, lighting features, alarms, motion detectors, and a variety of sensors."

It appears that Canadians are really eager for home automation services.