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Vivint closes $762m refi

Deal includes nine new investors, most new to security
 - 
03/07/2012

PROVO, Utah—In a deal that includes 20 lenders, Vivint announced Feb. 29 that it has closed a new $762 million senior debt financing, $72 million more than the residential security and home automation provider’s previous financing.

Select Security branches out to Utah

Super-regional to open Orem, Utah office
 - 
10/06/2011

LANCASTER, Pa.—Select Security--a super-regional based here that has spent the past two summers trying to beat the big summer-model companies at their own game by running its own door-knocking program--is upping the ante.

Vivint promotes Jim Nye to VP of product management

SSN Staff  - 
09/13/2011

PROVO, Utah—Vivint on Aug. 31 announced that Jim Nye has been promoted to vice president of product management.

Pinnacle lawsuit: Ex-employees, consultant “conspired” to start rival company in Canada

However, one ex-employee has filed his own lawsuit, accusing Pinnacle of breach of contract
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08/25/2011

OREM, Utah—Pinnacle Security is suing two former employees and an industry consultant, claiming they “conspired together” to create a new Canadian company, Titan Alarm, to compete against Pinnacle in Canada. Pinnacle contends the employees were working for Pinnacle at the time and that the new company was created by “unlawfully using Pinnacle resources and in violation of contractual and fiduciary duties.”

Vivint announces new VP of operations for Smart Grid Division

SSN Staff  - 
05/24/2011

PROVO, Utah—Vivint on May 17 announced it has hired Richard Guerra as vice president of operations for the company’s Smart Grid Solutions division.

Vivint gets $125M increase in financing

The funds will fuel its home automation expansion
 - 
04/07/2011

PROVO, Utah—Vivint, formerly APX Alarm, has completed a $690 million senior debt financing with a group of lenders led by Goldman Sachs Specialty Lending Group. The new credit facility is an increase of $125 million over its previous financing, according to the home automation/security company, which is based here.

Vivint transfers all its accounts to stages automation platform

 - 
03/31/2011

PROVO, Utah—Vivint announced on March 17 that it was in the process of transferring all of its more than 500,000 monitored accounts to Secure Global Solutions’ stages central station automation platform. Vivint expects to have the transfer completed by the end of April, with both of Vivint’s monitoring centers going through the switch over.

CSAA: Industry should get smart about smart meters

An association spokesman says industry should educate customers about potential problems
 - 
03/21/2011

VIENNA, Va.—Utility companies are installing smart meters on homes and businesses around the nation to help the utilities and their customers better manage power usage. But the devices also appear to have some drawbacks—one of them being possible interference with property owners’ security alarm system.

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