Vivint & 2GIG Acquired for Over $2 Billion

By John Honovich, Published Sep 18, 2012, 08:00pm EDT

Legendary door to door alarm sales company Vivint is being acquired for over $2 Billion by the Blackstone Group - a huge amount. Here is the official press release on the acquisition.

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:

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.

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