Todd Pedersen to Step Down as CEO of Vivint Smart Home
Vivint’s board of directors has commenced a search process to identify Pedersen’s successor into its next phase of growth.
Vivint’s board of directors has commenced a search process to identify Pedersen’s successor into its next phase of growth.
Vivint reported its quarterly net loss improved by $57.7 million to $87.4 million, compared to $145.1 million for prior year period.
The settlement marks the largest to date for an FTC Fair Credit Reporting Act case and requires Vivint to implement an ID theft prevention program.
Vivint Smart Home (enterprise) and Universal Atlantic Systems (small/medium) were honored in the Monitoring Center of the Year category.
The lawsuit states that ADT has infringed six of Vivint’s U.S. patents related to security and smart home technology.
The current roster of Alliance board members includes Alarm.com, ASSA ABLOY, LEEDARSON, Ring, Silicon Labs, StratIS, Qolsys and ADT.
The allegations state that Vivint employees made false statements to secure financing for customers’ purchases of Vivint’s home monitoring products.
Vivint is teaming up with entertainment icon Snoop Dogg to showcase the benefits of a professionally installed smart home security system.
Vivint reports higher installation revenue, lower attrition rates, and increased subscribers and revenues during Q3 despite the COVID-19 pandemic.
The lawsuit claims Vivint’s sales representatives posed as CPI employees or affiliates and tricked customers into signing up for Vivint’s service.
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