- Company CEO and Founder Todd Pedersen and COO Alex Dunn Recognized by the Utah Chapter of the Association for Corporate Growth (ACG) for Driving Outstanding Growth-Oriented Dealmaking
- Dealmaker Award Criteria Include Return on Investment to Business Development Strategy, Impact on Larger Business and Utah Employment, Expertise and Creativity
PROVO, UT—Vivint, one of the largest home automation companies in North America, today announced that the company’s Chief Executive and Founder Todd Pedersen and Chief Operating Officer Alex Dunn have been named 2011 Dealmakers of the Year by the Utah Chapter of the Association for Corporate Growth (ACG).
The award was presented March 11, 2011 at the 7th annual ACG Utah Intermountain Growth Conference and ACG Capital Connection. The conference was created to connect private equity organizations with middle-market businesses in Utah, Idaho and Northern Nevada and the supporting infrastructure providers that work with these companies.
“We are delighted to honor Todd Pedersen and Alex Dunn as Utah’s 2011 Dealmakers of the Year,” said Steven Stauffer, partner at Grant Thornton and president of the Utah Chapter of the Association for Corporate Growth. “By any meaningful measure, these are two extraordinary, high-impact business leaders with a powerful drive for tangible results.”
Selection criteria for the 2011 Dealmaker of the Year Award included both quantitative and qualitative factors, with a strong emphasis on measurable performance. Quantitative considerations included: substantial return on investment; strategic business development; wider business impact, including new markets, products, services or technology; and quality employment opportunities in Utah. Qualitative considerations focused on professional expertise and creativity.
“It is extremely gratifying for our company to share this honor with such successful Utah legends as Omniture (now Adobe) and Skull Candy,” said Dunn. “This award attests to the diligence and integrity of Vivint’s tremendous workforce, who have had an incalculable, ongoing impact on our growth.”
When Pedersen launched Vivint in 1999 as APEX Alarm, the company quickly established itself as one of the fastest-growing home security sales and marketing entities in the industry. In 2006 the company partnered with Jupiter Capital, Goldman Sachs and Peterson Partners to expand its operations into a full-service residential security provider. Over the next several years the company acquired a central monitoring station, developed an innovative control panel, and further expanded its offerings to include energy management features for residential users, and smart grid solutions for municipalities and large enterprises.
In early 2011, the company introduced a variety of new home automation products and services, and rebranded itself as Vivint to reflect the new strategic direction. Already one of the fastest-growing home security providers in the industry, Vivint is on pace to become the second-largest residential security company in the United States, and one of the largest home automation providers in the North America.
Vivint, Inc. is one of the largest home automation companies in North America. Operating throughout the United States and Canada, the company retains more than 5,000 employees and services close to 500,000 customers. With award-winning customer service and smart technology, Vivint is dedicated to enhancing security, increasing energy efficiency, and creating simple, affordable home automation solutions for its customers. For more information, visit www.vivint.com.