Vivint
American smart home services provider
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2023 | Under the Vivint Gives Back program, company employees packed and delivered 40,000 meal kits in cooperation with the Granite Education Foundation for children. |
December 2022 | NRG announced the acquisition of Vivint Smart Home for $2.8 billion in cash, with the acquisition expected to close in the first quarter of 2023. |
March 2022 | Vivint paid $400,000 in penalties and restitution to the Arizona Attorney General for deceptive marketing practices, including false service representations and non-consensual contract extensions. |
December 2021 | CPI Security alleged that Vivint sales representatives used deceptive tactics to acquire their customers, including false claims of acquisition. |
May 2021 | Vivint was fined $20 million by the Federal Trade Commission for violations of the Fair Credit Reporting Act, including using customers' names without consent and selling debt to collectors. |
2020 | Vivint was ranked second in the J.D. Power Home Security Satisfaction Study, behind AT&T Digital Life. |
2020 | Sunrun, another solar company, purchased Vivint Solar for $3.2 billion, marking the end of Vivint Solar as an independent company. |
January 2020 | Vivint completed a merger with Mosaic Acquisition Corp. and became a publicly traded company on the New York Stock Exchange. |
2019 | Vivint expanded its product lineup by launching new offerings in car security and outdoor home security cameras. |
2018 | ADT agreed to a $10 million settlement with Vivint after alleging that Vivint agents misled nearly 1,000 customers to sign up. |
2018 | Vivint collaborated with Google, incorporating two Google Home Mini devices into their starter kits. |
2018 | The Attorney General of New Mexico filed a lawsuit against Vivint Solar, alleging unfair business practices. Vivint Solar counter-sued the New Mexico Attorney General. |
April 2018 | Vivint added a new sensory room at the Utah Jazz arena for children with autism spectrum disorder. |
2017 | J.D. Power ranked Vivint as the 'Highest in Home Security Customer Satisfaction' among home security brands in their Home Security Satisfaction Study. |
2017 | Vivint announced a strategic partnership with Airbnb, enabling hosts to integrate their Airbnb accounts with Vivint's home security products. |
2017 | Entered the home energy storage market by announcing a partnership with Mercedes-Benz Energy to offer home storage batteries, later switching to LG Chem as their battery provider. |
2016 | Vivint Solar started offering loans and cash sales for solar power systems, leading to 84% year-over-year revenue growth. David Bywater was introduced as the new CEO. |
March 2016 | The planned merger with SunEdison fell through, with Vivint Solar suing for 'willful breach' of the merger agreement. Shortly after, SunEdison entered bankruptcy. |
2015 | Vivint became the official safety sponsor for Autism Speaks. |
February 2015 | Vivint's former CEO Todd Pedersen appeared on the CBS television show Undercover Boss. |
December 2014 | A class-action lawsuit was filed against Vivint, alleging the company misled investors in their initial public offering by omitting data about their Power Purchase Agreement (PPA) model. |
October 2014 | Vivint Solar went public on the New York Stock Exchange. |
February 2014 | Vivint donated $1 million to Utah Valley University, matched by an additional $1 million from the CEO, to establish a professional sales program and SMART Lab for marketing research. |
November 2012 | The Blackstone Group acquired a controlling interest in Vivint, Vivint Solar, and 2GIG Technologies for over $2 billion, leading to Vivint Solar becoming a standalone company. |
2011 | Vivint Solar was established as an offshoot of Vivint, a home automation and security company, focusing on providing photovoltaic solar energy generation systems primarily for residential customers. |
February 2011 | APX Alarm Security Solutions rebranded as Vivint. |
This contents of the box above is based on material from the Wikipedia articles Vivint & Vivint Solar, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.