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In May 2021, Vivint was fined $20 million for violations of the Fair Credit Reporting Act under Federal Trade Commission Act of 1914. According to regulators, Vivint's sales representatives used the names and identities of people without their knowledge or consent in the place of customers who failed credit checks. Vivint then sold this false debt to debt collectors in violation of the FTC's Red Flags Rule. Lock up with the press of a button or right from the Vivint app. With smart locks, you can set your system to arm when you lock the door, and know who’s coming and going with unique access codes.

With the Vivint app, you can turn on the lights, unlock the door, control the temperature, and see what’s happening on your front porch, even if you’re hundreds of miles away. In December 2022, NRG announced the acquisition of Vivint Smart Home for $2.8 billion in cash, adding home security and automation to its offerings, expected to close on the first quarter of 2023. In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. At the time, the company sold and installed security systems. APX Alarm Security Solutions rebranded as Vivint in February 2011.
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Smart control in the Vivint app allows you to manage lighting and temperature, monitor live and recorded security camera footage, interact with visitors at your doorstep, or lock up and arm your system while you’re away. NRG said it plans to complete its current $1 billion share-buyback program, of which $360 million remained at the end of November. For next year, it expects to use excess free cash flow to fund the Vivint takeover, cut debt related to the acquisition and maintain dividend growth.

In 2017, Vivint announced a partnership with Airbnb to allow hosts to integrate their Airbnb account with Vivint products. In 2018, Vivint collaborated with Google to include two Google Home Mini devices in their starter kits. The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws. The Notes may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered, by the initial purchasers, only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. Persons in offshore transactions in reliance on Regulation S.
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Financing eligibility and terms subject to credit approval by one of Vivint’s third-party financing partners. Qualified customers may finance equipment purchase at 0% APR for up to 60 months. Month-to-month service agreement available when equipment is purchased upfront. As a lender, administrative agent and collateral agent. System supports up to six cameras subject to sufficient WiFi speeds.

Protect your home’s perimeter and your deliveries with intuitive outdoor security cameras that intelligently identify and deter real threats. Pick your package and we’ll handle the rest—from professional installation to around-the-clock support when you need us most. Vivint Smart Home Inc. sales agents regularly harm competitor CPI Security Systems Inc. by posing as CPI representatives and making false sales pitches to its customers, a new lawsuit in a North Carolina federal court alleges.
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NRG made a pivot into the residential market last year after buying retail power giant Direct Energy LP for $3.6 billion. Home automation is the next step and represents a $165 billion industry with an even faster growth rate than the typical retail market, NRG Chief Executive Officer Mauricio Gutierrez said in a Tuesday analyst call on the deal. The Vivint takeover will add 1.9 million customers to NRG’s existing 5.5 million retail clients. The deal will increase NRG’s customer base to about 7.4 million across North America.
The company launched Vivint Solar, a solar energy company, in 2011. Vivint Solar went public in October 2014 and was later purchased by Sunrun. In February 2014, the company donated $1 million to the Utah Valley University, along with a $1 million investment from Vivint's CEO, to establish a professional sales program and a SMART Lab for marketing research. Pay the related redemption premiums and all fees and expenses related thereto.
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It’s also fighting a patent-infringement complaint filed by closely held EcoFactor that seeks to block imports of its smart thermostat system, and one by Eyetalk 365 LLC that seeks to halt imports of video doorbells. Provo, Utah-based Vivint became a public company last year after merging with Mosaic Acquisition Corp., a special purpose acquisition company. SPAC mergers ever, carrying an enterprise value of $4.2 billion. The Vivint transaction is expected to close in the first quarter of 2023 and is subject to customary closing conditions. The enterprise value of the deal is $5.2 billion, including $2.4 billion of debt.

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Monthly $1.48 cellular network maintenance fee applies. Vivint, based in Provo, Utah, sells smart thermostats, locks, lights and other household devices. NRG said Tuesday it will pay $12 a share in cash for Vivint, representing a premium of about 33% to the closing share price the day before. The Houston-based company will go deeper into households by offering Internet-driven technologies for thermostats, locks, lighting and other devices, moving beyond its traditional business of supplying electricity.
Without a Vivint services plan, product and system functionality is limited . Speak to a Vivint representative at the phone number in this offer for complete equipment, services, and package details, including pricing and financing details. Products and services in Louisiana provided by Vivint Louisiana Commercial Certificate #58280. As one of the top-rated security apps in the industry, the Vivint app gives you total control of your smart home, from anywhere. Check alarms, check in, lock up, keep watch, rest easy.
Vivint Smart Home serves customers in the United States and Canada. All of our security and automation devices work together in a fully-integrated system that you manage from the Vivint app. Enjoy alarm control, smart locks, lights, cameras, and thermostats that all connect on one simple platform. Qualifying system purchase requires minimum $599.99 equipment purchase, professional installation and applicable services agreement. DIY system purchases and reactivations of previously-installed systems not eligible for offer. Equipment purchase may be financed separately subject to an agreement with one of Vivint’s third-party financing partners.

But with Vivint, you can manage your entire security system and all of the devices in your smart home with one central app. The case escalates a battle between the two companies that’s been going on for more than a year. ADT sued Vivint in August, accusing it of misleading ADT customers into switching services using false and “well-rehearsed sales tactics” in door-to-door sales. One in five U.S. single-family homes are professionally monitored, though the overall smart-home market is projected to grow an average of 20% a year through 2023. By clicking the button below, you consent for Vivint to use automated technology, including calls, texts and prerecorded messages, to contact you at the number and email provided about Vivint offers. Clicking the button below constitutes your electronic signature.