Tag: Todd Pedersen

BOCA RATON, Fla. and PROVO, Utah—Both ADT and Vivint reported strong fourth quarter and overall annual revenue gains for 2019, with ADT up 12 percent and Vivint up 10 percent for the year.Some of the highlights of the ADT report include:• Total revenue growth of 10 percent for the fourth quarter;• Total annual revenue of $5.1 billion, up 12 percent;• Full year commercial organic revenue growth of 16 percent;• Greater home automation with more than 80 percent interactive...

PROVOST, Utah—Vivint Smart Home Inc. announced that Alex J. Dunn is stepping down as president of Vivint Smart Home after 14 years at the company. He will remain an advisor to the company through March 2021. Scott R. Hardy, Vivint's chief operating officer, will assume many of his day-to-day responsibilities."I am deeply grateful to Alex for helping Vivint become a leading smart home provider," Todd Pedersen, CEO of Vivint Smart Home, said in the announcement. "We thank him and wish him continued...

PROVO, Utah—Vivint Smart Home on April 27 announced a $100 million strategic investment from Peter Thiel and Solamere Capital, an investment firm founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and chaired by Mitt Romney.In an internal memo shared with Security Systems News, Todd Pedersen, founder and CEO of Vivint Smart Home, told employees that this strategic investment will help accelerate growth and innovation. “As a venture capitalist and an entrepreneur, Peter Thiel...

EAGAN, Minn.—Featuring natural light, an expanded cafeteria with free food and a pond where employees can go fishing during breaks, Vivint's new monitoring center is loaded with employee-pleasing amenities that translate into increased productivity and profits for the company, according to Steve Dixon, Vivint's VP of customer experience and operations.“I think we underestimate the impact that natural light has in the workplace,” Dixon told Security Systems News.Vivint announced...

Vivint CEO Todd Pedersen wasn't “fast enough” to work in one of his own warehouses, was “moving a little slow” on an installation job and should have been more adept at handling a basic tool, according to two of his  employees. Pedersen got those professional reviews during his stint on the CBS show “Undercover Boss” on Feb. 20. I wrote about that here. During that experience, he says, he learned much about being a company leader and that “details matter...

PROVO, Utah—Vivint CEO Todd Pedersen's incognito stint on “Undercover Boss” prompted him to make some “tweaks” in his business, he said.The reality show on CBS will air Feb. 20. Pedersen, who spoke with Security Systems News before the broadcast, was unable to provide details because of CBS restrictions, but he did say the experience was beneficial to him as head of the residential security company.“My goal was to get out in the field, to get out on the frontlines...

PROVO, Utah—Vivint last summer opened a new 400-employee sales center in Liberty Lake, Wash., suburb of Spokane. Now, barely a year later, the home automation/home security company said it was closing the center as of today.“Due to a reallocation of resources, the Vivint Liberty Lake office will close on June 27, 2014. At that time, all employees are eligible to receive severance, and some employees will be offered the opportunity to relocate to Provo, Utah,” according to a statement...

PROVO, Utah—Vivint today launched Vivint Sky, a new cloud-based smart home solution featuring the company's own control panel and software. The company anticipates a gradual migration of its more than 800,000 subscribers over to Vivint Sky from the 2GIG Go!Control panel and the Alarm.com software that they currently use.Vivint Sky––and the wireless Internet service that Vivint is currently offering on a trial basis in Utah—are all part of Vivint's plan to create its own ecosystem in the...

LAS VEGAS—Vivint, a leading home automation/home security provider, and LifeLock, a provider of identity theft protection services, announced a partnership at the ISC West show here that will give Vivint customers the ability to bundle their new or existing Vivint package with LifeLock's identity theft protection services. In a prepared statement, Todd Davis, chairman and CEO of Tempe, Ariz.-based LifeLock, said, “Many of today's burglars aren't just taking the TV - they're also grabbing...

PROVO, Utah—Greg Butterfield has been named the new CEO of Vivint Solar, the residential solar integrator announced in a Sept. 5 news release. Butterfield comes to Vivint Solar, a division of home automation/home security provider Vivint, with more than 25 years executive-level experience in the software and network systems management industries. Vivint President Alex Dunn has served as interim CEO since Tanguy Serra left the company in April. "This is a critical expansion period for Vivint...