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In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. [4] [5] At the time, the company sold and installed security systems. [4] APX Alarm Security Solutions rebranded as Vivint in February 2011. [4] [6] Vivint was acquired by The Blackstone Group in November 2012. [7]
Todd Richard Pedersen (born November 23, 1968) is an American entrepreneur and the founder of Vivint, Inc., a home automation, security and energy company. Vivint, Inc. was acquired in late 2012 by the Blackstone Group. [1]
More than a dozen Oregon consumers complained APX Alarm Security Solutions, Inc., of Provo, Utah used high-pressure sales tactics, including offering customers "free" security systems if the ...
Keith Nellesen (born 1967) is an American entrepreneur and the co-founder of Vivint, Inc., a home automation, security and solar energy company.Vivint, Inc. was acquired in late 2012 for $2.2 Billion by the Blackstone Group. [1]
Some forecasts project the home security market as a whole will be worth $47 billion by 2020, [12] with the DIY home security market worth $1.5 billion. [13] While the market for home security is expanding, especially with cable TV and Internet service providers introducing their own security and home automation products, it is a fragmented ...
Apple is said to be developing smart-home locks with face-recognition tech. The move aligns with Apple's growing interest in the home-devices market. Apple's device would compete with Google's ...
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