Vivint is a
public
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...
smart home company in the United States and Canada. It was founded by
Keith Nellesen and
Todd Pedersen in 1999.
In 2012,
The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...
acquired Vivint for more than $2 billion. In January 2020, the company completed a merger and became a
publicly traded company on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...
.
History
In 1999,
Keith Nellesen and
Todd Pedersen co-founded APX Alarm Security Solutions in
Provo, Utah
Provo ( ) is the List of cities and towns in Utah, fourth-largest city in Utah, United States. It is south of Salt Lake City along the Wasatch Front. Provo is the largest city and county seat of Utah County, Utah, Utah County and is home to Bri ...
.
At the time, the company sold and installed security systems.
APX Alarm Security Solutions rebranded as Vivint in February 2011.
Vivint was acquired by
The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...
in November 2012.
In February 2014, the company donated $1 million to the
Utah Valley University
Utah Valley University (UVU) is a public university in Orem, Utah. UVU offers master's, bachelor's, associate degrees, and certificates. Previously called Utah Valley State College, the school attained university status in July 2008.
History ...
, along with a $1 million investment from Vivint's CEO, to establish a professional sales program and a SMART Lab for marketing research.
Vivint's former CEO Todd Pedersen appeared on the
CBS television show ''
Undercover Boss
''Undercover Boss'' is a reality television series franchise created by Stephen Lambert and produced in many countries. It originated in 2009 on the British Channel 4. The show’s format features the experiences of senior executives working u ...
'' in February 2015.
In 2015, Vivint became the official safety sponsor for
Autism Speaks.
The 2017
J.D. Power 2017 Home Security Satisfaction Study ranked Vivint as the "Highest in Home Security Customer Satisfaction" among home security brands. The 2020 Home Security Satisfaction Study ranked Vivint second, behind
AT&T Digital Life.
In January 2020, Vivint completed a merger with Mosaic Acquisition Corp. and became a publicly traded company on the New York Stock Exchange.
In December 2022,
NRG announced the acquisition of Vivint Smart Home for $2.8 billion in cash, adding home security and automation to its offerings, expected to close on the first quarter of 2023.
Vivint Solar
The company launched
Vivint Solar, a solar energy company, in 2011.
Vivint Solar went public in October 2014 and was later purchased by
Sunrun.
Vivint Arena
On October 26, 2015, Vivint acquired the
naming rights
Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of ...
to the
Utah Jazz
The Utah Jazz are an American professional basketball team based in Salt Lake City. The Jazz compete in the National Basketball Association (NBA) as a member of the league's Western Conference (NBA), Western Conference, Northwest Division (NBA), ...
's home arena, renaming the building as
Vivint Arena
Vivint Arena (stylized as vivint arena), formerly known as Delta Center, EnergySolutions Arena and Vivint Smart Home Arena, is an indoor arena located in Salt Lake City, Utah. The arena serves as the home venue for the National Basketball Assoc ...
. The contract lasts for 10 years. In April 2018 Vivint and the Utah Jazz added a new sensory room at the arena for children with
autism
The autism spectrum, often referred to as just autism or in the context of a professional diagnosis autism spectrum disorder (ASD) or autism spectrum condition (ASC), is a neurodevelopmental condition (or conditions) characterized by difficulti ...
spectrum disorder.
Products and services
Vivint offers home security products, including doorbell cameras, smart thermostats, indoor cameras, and integrations with lighting.
In 2019, Vivint launched products for car security, and outdoor home security cameras.
In 2017, Vivint announced a partnership with
Airbnb
Airbnb, Inc. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 b ...
to allow hosts to integrate their Airbnb account with Vivint products.
In 2018, Vivint collaborated with
Google
Google LLC () is an American Multinational corporation, multinational technology company focusing on Search Engine, search engine technology, online advertising, cloud computing, software, computer software, quantum computing, e-commerce, ar ...
to include two Google Home Mini devices in their starter kits.
Legal issues and deceptive marketing
Vivint has been the target of many lawsuits for its
deceptive marketing
False advertising is defined as the act of publishing, transmitting, or otherwise publicly circulating an advertisement containing a false claim, or statement, made intentionally (or recklessly) to promote the sale of property, goods, or servic ...
and
direct sales
Direct selling consists of single-level marketing (in which a direct seller makes money by buying products from a parent organization and selling them directly to customers) and multi-level marketing (in which the direct seller may earn money ...
practices.
Vivint has also both sued, and been sued by,
ADT Inc.
ADT Inc., formerly The ADT Corporation, is an American company that provides residential, small and large business security system, electronic security, fire alarm, fire protection, and other related alarm system, alarm monitoring services throu ...
over allegations of patent infringement.
From 2009 through 2014 the company settled lawsuits with the states of
Arkansas
Arkansas ( ) is a landlocked state in the South Central United States. It is bordered by Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, and Texas and Oklahoma to the west. Its name is from the O ...
,
Oregon
Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of it ...
,
Ohio
Ohio () is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Of the List of states and territories of the United States, fifty U.S. states, it is the List of U.S. states and territories by area, 34th-l ...
, and
Nebraska
Nebraska () is a state in the Midwestern region of the United States. It is bordered by South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Kansas to the south; Colorado to the sout ...
.
In 2014, Vivint settled two federal class-action lawsuits for alleged violations of the
TCPA.
In 2018, Vivint agreed to a $10 million settlement with ADT after ADT claimed that Vivint agents had fraudulently signed up ADT’s customers to Vivint contracts. According to ADT they received nearly 1,000 complaints by its customers over the practice.
In May 2021, Vivint was fined $20 million for violations of the
Fair Credit Reporting Act
The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 ''et seq'', is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It ...
under
Federal Trade Commission Act of 1914. According to regulators, Vivint's sales representatives used the names and identities of people without their knowledge or consent in the place of customers who failed credit checks. Vivint then sold this false debt to debt collectors in violation of the FTC's
Red Flags Rule.
In December 2021, Vivint was sued by CPI Security over allegations that Vivint sales representatives used deceptive tactics to acquire CPI's customers, including claiming that Vivint was buying out CPI.
In March 2022, Vivint settled a case with the state of
Arizona
Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Fou ...
to pay $325,000 in penalties, and $75,000 in restitution. The
Arizona Attorney General's office alleges that Vivint's sales representatives used deceptive marketing practices, including false representations of Vivint services and policies, false claims that the customer's current security company was being bought by Vivint, and non-consensual extensions of contracts.
See also
*
List of home automation software
*
List of private security companies
This is a list of notable private security companies.
Africa
Nigeria
* Halogen Group Nigeria
South Africa
* Bidvest Protea Coin
Oceania
Australia
* Paladin Group (private military contractor)
* Wilson Security
Asia
India
* IVi ...
*
List of Utah companies
References
External links
*
{{DEFAULTSORT:Vivint, Inc.
Home automation companies
Companies based in Provo, Utah
Security companies of the United States
Technology companies established in 1997
Privately held companies based in Utah
1997 establishments in Utah
2012 mergers and acquisitions
The Blackstone Group companies
Smart home hubs
2020 mergers and acquisitions
Announced mergers and acquisitions