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Vivint

Nortek to buy 2GIG for $135m

Deal includes five-year supply agreement with Vivint
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02/14/2013

PROVIDENCE, R.I.—Nortek, parent company of Linear, announced this morning that it will acquire 2GIG Technologies for $135 million.

ADT gets into the Ring

 - 
Wednesday, July 20, 2016

ADT announced earlier this week that the Ring video doorbell is now available for its customers nationwide. While the Ring has made some noise in the smart doorbell category, there are many options to choose from when it comes to this first-line-of-defense product for homeowners.

Others who have had success with doorbell cameras include Vivint, Skybell and August, to name just a few.

As more and more consumers begin to embrace smart home products like the video doorbell, dealers are adding these devices to their security and home-automation offerings, and partnering and integrating with others to provide a complete home automation and security package.

For example, ADT customers can incorporate the Ring video doorbell as part of their ADT Pulse smart home security system and lock their door, turn on their lights, and activate their ADT security system directly within the Ring app, all while seeing who is at the door.

Similarly, Vivint’s Doorbell Camera, which won a 2016 Innovation Award from the Business Intelligence Group earlier this year, works with its smart home platform, so homeowners can engage in two-way conversations with visitors on their doorsteps from their mobile devices, while simultaneously using Vivint’s smart home technology to remotely unlock the front door, open the garage door, disarm their security system, for example.

On the supplier side, SkyBell, which was nominated for a CES Innovations Design and Engineering Award, has integrated with Nest, Amazon Echo, Honeywell, Alarm.com, Monitronics, Kwikset, Icontrol Networks and IFTTT, all in an effort to allow complete control of a homeowner’s security and smart home system.

And the August Doorbell Cam is part of the August Smart Home Access System, so all of the August Home products, along with its app, work together. August is also integrating with other companies, such as Honeywell, which recently integrated the August Smart Lock with its Total Connect 2.0 Remote Services platform.

For many homeowners, the video doorbell is their first-foray into smart home technology, and it is helping to drive the continued growth of other security cameras and smart home devices and apps. 

In fact, new research that came out this week from Parks Associates estimates that nearly 24 percent of U.S. broadband households will have an IP camera by 2020, while more than 50 percent will have a smart home controller and 26 percent will have a home security system.

What this study and others like it are finding is interest in products like the video doorbell is driving consumer interest in security, which can only benefit security dealers moving forward.

 

 

Guard merger to produce $4.5b ‘AlliedUniversal’

Deal expected to produce $100 million in synergies
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05/04/2016

CONSHOHOCKEN, Pa. and SANTA ANA, Calif.—AlliedBarton Security Services and Universal Services of America on May 3 announced a plan to merge, creating AlliedUniversal, a guard company with $4.5 billion in revenues and 140,000 officers.

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

Pedersen: Investment is ‘huge validation of what we have built’
 - 
04/27/2016

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.

Vivint gets quarter-million new subscribers in 2015

Smart home services’ adoption rate reaches 78 percent, driving sales, RMR
 - 
03/09/2016

PROVO, Utah—Vivint Smart Home on March 8 announced its fourth quarter and year-end financial and operational results, showing record increases across the board, including nearly a quarter-million new smart home subscribers.

Monitoring companies foresee benefits from ADT/Protection 1 merger

Five leading monitoring companies share views on megamerger
 - 
03/09/2016

YARMOUTH, Maine—Monitoring companies have an opportunity to attract new business, new dealers and new employees in the wake of the planned ADT/Protection 1 merger, according to five leading monitoring companies who spoke to Security Systems News.

How I Use My System: Matt Mahar

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12/31/2015

As Vivint’s VP of consumer experience, Matthew Mahar said he is “obsessed with making sure that any consumer of smart home products gets the best experience that they can, in terms of usability, readability, enjoyment using the system, and … solving real problems.” He’s involved with both software and hardware design. Prior to starting at Vivint a year-and-a-half ago, Mahar worked with video game company EA Sports and at Nike. Security Systems News talked with him about his home system…

Vivint: Pet owners’ passion may be smart home entry

 - 
12/23/2015

PROVO, Utah—Pet owners’ passion “could be a significant entry point for many into the smart home … and is likely to be one of the strongest demand drivers” in coming years, according to Vivint.

The IoP(ets)

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Monday, November 23, 2015

I am one of the 60 percent of reported Americans who own pets. Apparently, this will drive me to be a smart home customer.

I have two cats. One is older, one is a kitten. I love them to death. Do I need to watch them 24/7? No. They wake up after hours of sleep about 4 a.m., jump on my sleeping head and clamor for breakfast. After they eat, they are rambunctious, then they go back to sleep. For hours. How do I know where they are without a camera? I see their inches-deep hair on my living room sofa.

They greet me at the door when I arrive home about 6 p.m., run around for a few minutes and then go back to sleep. This is no insightful news to cat owners.

But according to Vivint, we should be using smart home technology to take better care of our pets’ “safety, health and overall care.” We can monitor their activity level and food intake. 

The “passion people have for their pets … means a large market opportunity for those companies connecting pets and smart home technology,” the study says.

I get the IoT thing to find lost pets. What I don’t understand is people wanting to check in on their indoor pets, including monitoring their eating habits. One of my cats, the older one, is very fat. “Pet management,” including “smart pet food monitoring,” could become a driving force in the IoT market, the study said. I just prefer to give my fat cat less food.

I’m skeptical, but also interested in who uses this technology. I’ve heard it’s mostly Millennials, but Vivint says the use of smart home tech for pet care “is likely to be one of the strongest demand drivers for the smart home in coming years.”

Pet owners’ passion “could be a significant entry point for many into the smart home,” it said. I have passion for my pets, but they are, afterall, pets. I don’t feel the need to watch them all the time and see where they’re sleeping. I will spare you my opportunity to post photos of them here (but they are both cute, trust me); they don’t need me watching them around the clock. 

Who has another view?  Am I just a bad pet owner?

Vivint goes jazzy

 - 
Tuesday, October 27, 2015

SALT LAKE CITY—The downtown venue that is home here to the Utah Jazz NBA team and is the region’s premier concert and entertainment spot will now be called the Vivint Smart Home Arena.

The renaming comes along with a partnership between Vivint and Larry H. Miller Sports & Entertainment. Financial terms of the 10-year agreement were not disclosed, according to a prepared statement.

The 19,911-seat facility, formerly known as EnergySolutions Arena, hosts about 1.8 million guests and more than 100 sports and entertainment events each year, the companies said.

“The Utah Jazz and the arena are proud to have Vivint as our new naming rights partner,” LHMSE president Steve Starks said in the statement. “Vivint is a long-time supporter of the Jazz, is a Utah-based company, and has a deep commitment to the community and our fans. These were all qualities we looked for when we began this process.”

Headquartered in Provo, Vivint says it has more than 1 million smart home and security product customers and 8,000 employees in the United States and Canada.

“The Utah Jazz and the arena have been an incredible economic engine for this region, and have created a tremendous sense of pride among Utahns,” Todd Pedersen, CEO of Vivint, said in the statement. “This agreement extends far beyond a typical ‘logo-on-the-building’ arrangement —it’s a true partnership built around innovation, community impact and the drive to elevate the prominence of Utah.”

LHMSE and Vivint say they have formed a multi-faceted strategic marketing partnership that will include an interactive “Vivint Smart Home Experience” on the arena concourse, expertise in products and services to improve the game night fan experience along with upgraded security and automation technology at the basketball facilities.

The two companies say they will also be collaborating on an autism awareness campaign as part of their joint community outreach. 

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