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Vivint Sells Off Solar Biz to SunEdison for $2.2B

Having already sold its door-to-door security and home automation business for $1.8 billion, Vivint is selling its solar installation business to renewable energy company SunEdison for $2.2 billion.


Latest in Vivint

What does a 140-year-old company that has dominated the com-mercial security market do for an encore? How about a name change, comprehensive rebranding and refinement of its business model? That’s exactly what Tyco Integrated Security did in transforming from ADT Commercial, capturing an SSI 2013 Installer of the Year award in the process.  By Scott Goldfine · July 01, 2013

Vivint has agreed to pay $55,000 in a settlement with the Kansas Attorney General’s office for using deceptive sales practices that violate the state’s consumer protection laws. March 17, 2013

Vivint has appointed Chris Gera as vice president of field service. March 12, 2013

Following is how Mike Barnes (founding partner, Barnes Associates Inc.), Ron Davis (principal, Davis Marketing Group), George De Marco (managing partner, DECO Ventures LLC) and Bob Harris (president, The Attrition Busters) evaluate Vivint and its CEO Todd Pedersen. Scott Goldfine · February 03, 2013

Vivint has set the residential security world ablaze with exceptionally fast growth and a $2 billion sale price. In an exclusive interview, the company’s maverick CEO Todd Pedersen explains how innovation trumps competition, the value of growing a business one customer at a time and why everyone should have a security system. He also discusses expanding into commercial security, solar energy, wireless Internet and more. By Scott Goldfine · January 31, 2013

Find out what mantra Vivint CEO Todd Pedersen lives by. By Ron Davis · January 01, 2013

The Blackstone Group LP announces it has completed the acquisition of Vivint Inc., a provider of security and home automation services. The acquisition worth more than $2 billion was made by Blackstone Capital Partners, a fund managed by Blackstone for its private equity investors. December 19, 2012

A resident of St. John’s, Newfoundland, Canada, who purchased a home video surveillance system from Vivint earlier this year, has received video clips that show the inside of someone else’s home. December 12, 2012

In the wake of a blockbuster deal to sell the majority stake of his company to a private equity firm for more than $2 billion, Vivint CEO Todd Pedersen tells SSI the agreement will allow the company to expand upon its technology-based platform, enter new markets more expeditiously and free up management to be “more thoughtful about what we are going to become in five years.” By Rodney Bosch · September 30, 2012

Blackstone Group LP will acquire Vivint Inc. for more than $2 billion, gaining legions of home-security, energy-management and solar-power customers throughout North America. September 19, 2012




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