Tag: david bywater

PROVO, Utah – Vivint Smart Home Inc. has been riding high after a boost to its stock performance in the past month following the announcement of its acquisition by NRG Energy Inc. Now it adds another feather in its cap thanks to IoT Breakthrough. Vivint has been named the “Home Security Company of the Year” in the Seventh Annual IoT Breakthrough Awards Program. IoT Breakthrough is an organization that recognizes top technologies, companies, and products related to the...

HOUSTON & PROVO, Utah – NRG Energy Inc. has entered into an agreement to acquire Vivint Smart Home Inc. for $12 per share, or $2.8 billion in cash.   NRG says the acquisition positions them as the leading essential home services provider and accelerates their growth plan. “Last year at our Investor Day, we presented our strategic roadmap to becoming the leading provider of essential services for homes and businesses, informed by consumer trends and underpinned by disciplined...

TYSONS, Va. - Nov. 8 saw both Alarm.com and Vivint hold their Q3 earnings calls, but it’s Alarm.com that is left holding the short end of the stick as it has filed for arbitration against the latter. The aftermath of the Q3 report saw Vivint’s stock surge 20% to close at $8.44 by days end. Alarm.com comparatively slipped in late October after an update provided on a licensing dispute with Vivint that will have a major impact for the company beginning in Q4 and continuing into the next...

LEHI, Utah—One year after opening a 30,000-square-foot Innovation Center here, Vivint has outgrown its current facility and is now planning to move the center to a new building nearby that's about three times the size of the existing center.Vivint announced the opening of its new Innovation Center in early 2013.However, said David Bywater, Vivint COO, “We outgrew it, so we're just � getting much more space.” He said the new 100,000-square-foot center being built at Thanksgiving...

PROVO, Utah—Vivint today announced the appointment of Mark Davies, former EVP at Alcoa, as the company's new chief financial officer. As CFO, Davies will lead Vivint's financial teams, streamline processes and draw on his extensive experience with financial strategy to create business plans for Vivint's investments, funding sources and financial transactions, according to a news release.The hire marks the fourth time this year that Vivint has gone outside the security industry to add to its...

PROVO, Utah—Vivint has a new COO: former Xerox executive David Bywater. The recent hire marks the third time this year that Vivint has gone outside the industry to add to its executive team.Hiring an industry outsider is not necessarily a goal of Vivint, but it can be beneficial, Alex Dunn, president of the home automation/home security provider, which is based here, told Security Systems News.“We're just trying to build the best team possible, find the best people possible, and if they...