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Tag: Todd Pedersen


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Residential

Vivint Smart names David Bywater as new CEO

June 9, 2021SSN Staff

PROVO, Utah—Vivint Smart Home, Inc. announced that David Bywater has been appointed chief executive officer. This follows Todd Pedersen stepping down as CEO of Vivint Smart Home, although he will remain a member of the board of directors. Bywater will also be joining the company’s board of directors. These changes will become effective on June 15, 2021. “We are pleased to have a leader with David’s robust skillset and intimate understanding of our business and operations...

Todd Pedersen, Vivint Smart Home


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Todd R. Pedersen to step down as Vivint CEO

May 27, 2021SSN Staff

PROVO, Utah—Vivint Smart Home announced this week that company Founder and Chief Executive Officer Todd R. Pedersen has decided to step down as CEO, effective once the board of directors of the company appoints his successor. Pedersen will remain a member of the board of directors. “I have decided that after 20 years of building a successful company, it is time for me to pursue my other entrepreneurial goals and devote myself to those investments and businesses,” said Pedersen....

Todd Pedersen, Vivint Smart Home


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Residential

ADT, Vivint report big revenue gains for 2019

March 11, 2020SSN Staff

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...

2019 earnings, ADT, Jim DeVries, Todd Pedersen, Vivint


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Vivint president Alex Dunn to step down

March 5, 2020SSN Staff

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...

Alex Dunn, Todd Pedersen, Vivint Smart Home


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Residential

Vivint gets $100m investment from Peter Thiel, Mitt Romney's investment firm

April 27, 2016Paul Ragusa, Editor

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...

Jeff Lyman, Peter Thiel, Solamere Capital, Todd Pedersen, Vivint


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Monitoring

Design matters at Vivint's new monitoring center

August 5, 2015Spencer Ives

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...

Steve Dixon, Todd Pedersen, Undercover Boss, Vivint


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News and Notes

Vivint and Undercover Boss: Lessons learned

February 25, 2015Amy Canfield

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...

Residential Security, Security Systems News, Todd Pedersen, Undercover Boss, Vivint


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Vivint boss goes undercover

February 18, 2015Amy Canfield

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...

Residential Security, Security Systems News, Todd Pedersen, Undercover Boss, Vivint


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Residential

Vivint set to close Washington state sales center today

June 27, 2014Tess Nacelewicz

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...

call center, Liberty Lake, Starr Fowler, Todd Pedersen, Vivint


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Residential

Vivint launches own panel, own platform in new solution

June 10, 2014Tess Nacelewicz

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...

2GIG, alarm.com, Jeremy Warren, Linear, Nortek, Todd Pedersen, Vivint, Vivint Sky, Vivint SkyControl


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