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Vivint Smart Home history
Vivint Smart Home company history timeline
In 1999 Pedersen decided to transfer his sales know-how into the home-security business, which was booming in Utah.
The company originated in 1999 as now well-known APX Alarm.
The company has grown carefully under the skills of Todd Pedersen, from 44,000 customers in 2005 to over ten times that number today.
When APX introduced its Go!Control panel for security and home energy and automation systems in October 2009, it gained status as a leader in touch screen technology.
In 2010 it started selling its first pieces of smart home equipment, and a few months later APX became Vivint.
Still private, Vivint was valued at over $2 billion in late 2012, and it hit $650 million in revenue last year, 16% more than the prior year.
Vivint Solar spun out as an independent unit and went public on the New York Stock Exchange in 2014.
With an estimated 3 million units sold since it was introduced in late 2014, it's been such a hit that Google has already announced a competing product called Google Home.
In 2015 it had more than $650 million in sales, but its operating costs were more than $760 million. "There's lots of cash going out and not as much coming in," Dunn says. "But when you take a look at the unit economics over the lifetime of a customer, it's very profitable."
A breakthrough came with Peter Thiel, whom they first met in early 2015.
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Vivint Smart Home competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Alarm.com | 2000 | $939.8M | 788 | 173 |
| ADT Security Services | 1874 | $4.9B | 18,000 | 427 |
| Adt LLC | 1874 | $4.9B | 18,000 | 481 |
| StarTek | 1987 | $385.1M | 13,300 | 7 |
| Intoxalock | - | - | 650 | 8 |
| OnStar | 1996 | $1.6M | 150 | - |
| Bulk TV & Internet | 2004 | $6.2M | 100 | - |
| Charter Corp. | 1965 | $2.2B | 12,313 | - |
| Protection 1 Inc | 1988 | $618.0M | 10 | - |
| Eat24 | 2008 | $21.0M | 375 | - |
Vivint Smart Home history FAQs
Zippia gives an in-depth look into the details of Vivint Smart Home, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Vivint Smart Home. The employee data is based on information from people who have self-reported their past or current employments at Vivint Smart Home. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Vivint Smart Home. The data presented on this page does not represent the view of Vivint Smart Home and its employees or that of Zippia.
Vivint Smart Home may also be known as or be related to APX GROUP HOLDINGS INC, APX Group Holdings Inc, Vivint, Vivint Inc and Vivint, Inc.