Vivint & 2GIG Acquired for Over $2 Billion
Interestingly, Vivint is being acquired along with alarm equipment provider, and Vivint Supplier, 2GIG. 2GIG projects over [link no longer available] $130 Million 2012 revenue. Vivint reports 2011 revenue over $350 Million.
Below are links to coverage on the company:
- 80+ comments from the local Utah newspaper on the acquisition - This is a great conversation and well recommended. My favorite comment: "A company with high-pressure door-to-door sales tactics has garnered attention from the hedge-fund vultures? A match made in heaven."
- SSN Interview with Vivint on the acquisition
- 2011 Detailed Profile of Vivint on SDM
- 18 Minute Podcast with Vivint CEO - says key is that they are a 'platform play' not a security service, RMR will be ~$34 Million at end of 2012 but says was not acquired based on RMR metric; Summer sales will become even 'bigger and better'; will now have credit facility to install in commercial market, national accounts are 'no problem for us'; international expansion next
Here's Vivint's history told by Vivint:
However, controversy envelopes the company. They even have their own Hilter video:
Regardless, the skyrocketing growth of the company is interesting. What now remains to be seen is whether they can fulfill their promise or crash and burn.