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Vivint active on legal turf

Vivint’s Few says lawsuits filed because company is looking out for its customers
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10/03/2012

PROVO, Utah—Several new lawsuits involving Vivint are pending in federal court in Utah, two of them initiated by the company and one in which it’s a defendant.

Mass. city may have to pay for limiting fire alarm options

The state says Lowell illegally required property owners to buy fire alarm boxes from single vendor
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10/01/2012

LOWELL, Mass.—This city may end up paying rebates to property owners after it required them to buy fire alarm boxes from just one vendor, preventing them from purchasing the boxes more cheaply from other sources, according to newspaper reports.

Alarm.com: ‘Reduce Your Use’ will help increase RMR

Company says new partnership with utility will save customers money and drive demand for ‘smart’ thermostats and security systems
 - 
09/26/2012

VIENNA, Va.—Alarm.com has found a new way to tap into consumers’ growing interest in saving energy: It is partnering with a California utility in a program that gives Alarm.com customers extra savings on their utility bills if they cut energy usage during peak demand times.

Putting the Vivint sale in perspective

Michael Barnes and George De Marco on the $2 billion valuation of Vivint, whether its growth plans are realistic, and its plans for expansion into commercial security
 - 
09/19/2012

YARMOUTH, Maine—News today that the Blackstone Group, a $180 billion private equity firm, will acquire home automation and security company Vivint in an agreement worth more than $2 billion is another “huge shot of support for the industry,” Michael Barnes, founding partner of Barnes Associates, a consulting and advisory firm that specializes in the security alarm industry, told Security Systems News.

ADT set to 'go it alone'

CEO of The ADT Corp. squelches rumors new entity will be takeover target
 - 
09/18/2012

BOCA RATON, Fla.—Tyco International shareholders voted Monday to approve splitting Tyco into three separate companies—one of them ADT, another a commercial fire and security business, and the third a flow control unit. ADT officials say they’re eager to see ADT become a stand-alone company, providing security and interactive services to residences and small businesses and focused on innovation and growth.

Vivint to be sold to Blackstone in $2 billion deal

CEO Pedersen: Vivint has plans to become one of the largest national players in commercial security
 - 
09/18/2012

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.

Vivint exploring sale

CEO said $2 billion offer from Blackstone previously turned down
 - 
09/06/2012

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation’s largest security companies.

MOBOTIX targets resi with new camera technology

Company says its new 180-degree door station product is ideal for high-end homes and apartment complexes
 - 
09/05/2012

NEW YORK—MOBOTIX is using its new hemispheric camera technology to launch into the home automation space.

Vivint sued over alleged ‘robocalls’

Lawsuit contends prerecorded calls were to individuals’ cellphones without permission
 - 
09/05/2012

CHICAGO—A new class-action lawsuit accuses Vivint of sending automated calls to cellphones without the owners’ permission, violating their privacy and federal law.

Massachusetts installers battle Comcast, Verizon in court

Lawsuit filed by installers’ group claims the cableco and telecom are endangering the public by not being licensed for the security alarm work they do in the state
 - 
08/29/2012

SHARON, Mass.—A Massachusetts security systems installers’ group has taken Comcast and Verizon to court, charging the cableco and telecom lack the required state licenses to do security alarm-related work in Massachusetts.

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SSN News Poll December 2014

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