Tag: Todd Pedersen
Trident IoT completes $10M fundraising, welcomes Pedersen to board
April 19, 2024SSN Staff
CARLSBAD, Calif. – Trident IoT, a silicon provider and radio frequency (RF) technology company, announced the completion of a $10 million fundraising round.
Trident IoT said that it offers Z-Wave silicon solutions and product design and development consulting services for any RF technology, and that this latest fundraising round will allow the company to expand silicon/hardware solutions development, engineering support, and certification preparation services across the gamut of IoT and...
Vivint Smart Home names David Bywater as new CEO
June 9, 2021SSN Staff
PROVO, Utah—Vivint Smart Home, Inc. announced that David Bywater has been appointed chief executive officer. This follows Todd Pedersen stepping down as CEO of Vivint Smart Home, although he will remain a member of the board of directors. Bywater will also be joining the company’s board of directors. These changes will become effective on June 15, 2021.
“We are pleased to have a leader with David’s robust skillset and intimate understanding of our business and operations...
Todd R. Pedersen to step down as Vivint CEO
May 27, 2021SSN Staff
PROVO, Utah—Vivint Smart Home announced this week that company Founder and Chief Executive Officer Todd R. Pedersen has decided to step down as CEO, effective once the board of directors of the company appoints his successor. Pedersen will remain a member of the board of directors.
“I have decided that after 20 years of building a successful company, it is time for me to pursue my other entrepreneurial goals and devote myself to those investments and businesses,” said Pedersen....
ADT, Vivint report big revenue gains for 2019
March 11, 2020SSN Staff
BOCA RATON, Fla. and PROVO, Utah—Both ADT and Vivint reported strong fourth quarter and overall annual revenue gains for 2019, with ADT up 12 percent and Vivint up 10 percent for the year.
Some of the highlights of the ADT report include:
• Total revenue growth of 10 percent for the fourth quarter;
• Total annual revenue of $5.1 billion, up 12 percent;
• Full year commercial organic revenue growth of 16 percent;
• Greater home automation with more than 80 percent...
Vivint president Alex Dunn to step down
March 5, 2020SSN Staff
PROVOST, Utah—Vivint Smart Home Inc. announced that Alex J. Dunn is stepping down as president of Vivint Smart Home after 14 years at the company. He will remain an advisor to the company through March 2021. Scott R. Hardy, Vivint's chief operating officer, will assume many of his day-to-day responsibilities."I am deeply grateful to Alex for helping Vivint become a leading smart home provider," Todd Pedersen, CEO of Vivint Smart Home, said in the announcement. "We thank him and wish him continued...
Vivint gets $100m investment from Peter Thiel, Mitt Romney's investment firm
April 27, 2016Paul Ragusa
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.In an internal memo shared with Security Systems News, Todd Pedersen, founder and CEO of Vivint Smart Home, told employees that this strategic investment will help accelerate growth and innovation. “As a venture capitalist and an entrepreneur, Peter Thiel...
Design matters at Vivint's new monitoring center
August 5, 2015Spencer Ives
EAGAN, Minn.—Featuring natural light, an expanded cafeteria with free food and a pond where employees can go fishing during breaks, Vivint's new monitoring center is loaded with employee-pleasing amenities that translate into increased productivity and profits for the company, according to Steve Dixon, Vivint's VP of customer experience and operations.“I think we underestimate the impact that natural light has in the workplace,” Dixon told Security Systems News.Vivint announced...
Vivint and Undercover Boss: Lessons learned
February 25, 2015Amy Canfield
Vivint CEO Todd Pedersen wasn't “fast enough” to work in one of his own warehouses, was “moving a little slow” on an installation job and should have been more adept at handling a basic tool, according to two of his employees.
Pedersen got those professional reviews during his stint on the CBS show “Undercover Boss” on Feb. 20. I wrote about that here. During that experience, he says, he learned much about being a company leader and that “details matter...
Vivint boss goes undercover
February 18, 2015Amy Canfield
PROVO, Utah—Vivint CEO Todd Pedersen's incognito stint on “Undercover Boss” prompted him to make some “tweaks” in his business, he said.The reality show on CBS will air Feb. 20. Pedersen, who spoke with Security Systems News before the broadcast, was unable to provide details because of CBS restrictions, but he did say the experience was beneficial to him as head of the residential security company.“My goal was to get out in the field, to get out on the frontlines...
Vivint set to close Washington state sales center today
June 27, 2014Tess Nacelewicz
PROVO, Utah—Vivint last summer opened a new 400-employee sales center in Liberty Lake, Wash., suburb of Spokane. Now, barely a year later, the home automation/home security company said it was closing the center as of today.“Due to a reallocation of resources, the Vivint Liberty Lake office will close on June 27, 2014. At that time, all employees are eligible to receive severance, and some employees will be offered the opportunity to relocate to Provo, Utah,” according to a statement...