|By Business Wire||
|February 20, 2013 08:10 AM EST||
Vivint™, the largest home automation services company in North America, today announced it has been listed at No. 46 on Forbes annual ranking of America’s Most Promising Companies. The list includes one hundred privately held, high-growth companies with bright futures. This marks the first year that Vivint has been named to the exclusive list.
Vivint’s inclusion on Forbes’ list comes after a momentous year for the company, in which it crossed the threshold of $30 million in recurring monthly revenue—one of only three companies in its industry to achieve this milestone. Since 2007, the company has experienced a growth rate of 400 percent. Acquired in 2012 for more than $2 billion by Blackstone, Vivint was selected to the Forbes list for its growth (in both sales and hiring), the quality of its management team and its investors, product strength, margins, market size, and key strategic partnerships.
“This honor is a shared achievement of the entire Vivint team,” said Todd Pedersen, CEO of Vivint. “We are committed to providing our customers with a smarter way to live and connecting them with the aspects of their lives that matter most—their homes, families, health, and businesses. We will continue to execute and build upon this overarching vision.”
Vivint’s home technology solutions improve customers’ lives through home automation, home security, and energy management. The company also saves customers money through Vivint Solar, which has become one of the fastest growing solar companies in the United States through effective use of the power purchase agreement (PPA) model.
One metric never says it all. For the Most Promising list, Forbes strove for a holistic gauge of young, privately held companies, trying to pin down their trajectories by looking at a slew of variables. Over the course of six months, Forbes reviewed thousands of applications. Forbes turned to CB Insights, a Manhattan-based data research firm that specializes in assessing private companies, to refine the search. Their MOSAIC software scans 45,000 sources to measure a company’s health. A new distribution deal, for example, marks a positive signal, while the loss of an executive is a negative. MOSAIC gathers those myriad signals into a final score that Forbes uses as an initial guide in producing the list. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.
To view the complete 2013 list of America's Most Promising Companies, visit www.forbes.com.
Vivint is a leading provider of home technology services in North America. Vivint’s technology-based platform integrates a wide range of wireless features and components that deliver simple, affordable home security, energy management, home automation, and solar solutions. In 2011, Vivint's Home Automation package and Advanced Security package received a Consumers Digest "Best Buy" rating. Dedicated to protecting families, increasing energy efficiency, and simplifying lives, Vivint has more than 13 years of experience and supports over 700,000 customers throughout the United States and Canada. For more information, visit the company’s website at www.vivint.com.