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Summary of the Article: Vivint Security
1. Parent Company: NRG Energy
Vivint is a subsidiary of NRG Energy with a total equity of US$1,740 million as of 2021. The company has around 11,000 employees. You can find more information on their official website: vivint.com.
2. Mormon Roots: Vivint was founded by CEO Todd Peterson, who is a member of the Latter Day Saints (Mormon church). He served as a missionary and later decided to start a business after returning to Brigham Young University in Provo.
3. New CEO: The current CEO of Vivint is David Bywater. He was appointed as Chief Executive Officer in June 2021.
4. Fine of $20 Million: Vivint was fined $20 million by the Federal Trade Commission (FTC) for the company’s sales staff stealing people’s personal information to approve others for loans. This misuse of consumer credit reports and sensitive data resulted in harm to people’s credit.
5. Lawsuit against Vivint: A lawsuit was originally filed in 2020 and went to court in early 2022. The lawsuit accuses Vivint of false and deceptive sales practices aimed at taking over alarm systems of significant numbers of CPI customers across the Southeast.
6. #1 Rated Home Security: Vivint is considered the best overall security system. It has received an average rating of 4.6 stars across numerous customer review forums. Vivint’s system is compatible with many smart home products, making it a popular choice.
7. Another Lawsuit against Vivint Security: Similar to the previous point, there is a lawsuit filed against Vivint for false and deceptive sales practices aimed at taking over alarm systems of CPI customers across the Southeast.
8. Company Owned by LDS Church: The LDS Church owns the Deseret Management Corporation, which is an asset management company. It was founded in 1966 and is headquartered in Salt Lake City, Utah, USA.
Questio
Who is the parent company of vivint security
NRG Energy
Vivint
| Type | Subsidiary |
|---|---|
| Total equity | US$1,740 million (2021) |
| Number of employees | 11,000 (2021) |
| Parent | NRG Energy |
| Website | vivint.com |
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Is Vivint a Mormon company
Story of how it was founded: CEO Todd Peterson, a member of the Latter Day Saints (Mormon church), served two years as a missionary knocking on doors to spread his faith. Returning back to Brigham Young University in Provo, he decided to start a business.
Who is the new CEO of Vivint
David Bywater
David Bywater was named Chief Executive Officer of Vivint Smart Home in June 2021.
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Why was Vivint fined $20 million
“Vivint's sales staff stole people's personal information to approve others for loans,” said Daniel Kaufman, Acting Director of the FTC's Bureau of Consumer Protection. “For misusing consumer credit reports and other sensitive data, and harming people's credit, this company will pay $20 million.”
Is there a lawsuit against Vivint
Originally filed in 2020, the lawsuit went to court early in 2022 accusing Vivint of “false and deceptive sales practices on the doorsteps and in the homes of significant numbers of CPI customers across the Southeast” in an effort to take over their alarm systems.
What is the #1 rated home security
Vivint is our pick for the best overall security system. With an average rating of 4.6 stars across numerous customer review forums, Vivint reaches a wide range of customers through its system's compatibility with many smart home products.
Is there a lawsuit against Vivint Security
Originally filed in 2020, the lawsuit went to court early in 2022 accusing Vivint of “false and deceptive sales practices on the doorsteps and in the homes of significant numbers of CPI customers across the Southeast” in an effort to take over their alarm systems.
What company does the LDS Church own
Deseret Management Corporation
| Type | Private |
|---|---|
| Industry | Asset management company |
| Founded | 1966 |
| Founder | The Church of Jesus Christ of Latter-day Saints |
| Headquarters | Salt Lake City, Utah , USA |
What happened to the old CEO of Vivint
In 2016 Pedersen was involved in a fatal accident during the SCORE Baja 500 off-road race. Pedersen lives with his wife and their five children in the Provo, Utah area, and is a member of the Church of Jesus Christ of Latter-day Saints.
Is Vivint a Chinese company
Provo, Utah-based Vivint became a public company last year after merging with Mosaic Acquisition Corp., a special purpose acquisition company. The deal marked one of the largest U.S. SPAC mergers ever, carrying an enterprise value of $4.2 billion.
What is the Vivint controversy
| Feb. 17, 2023, 2:50 p.m. A federal jury in North Carolina ordered Utah-based Vivint Smart Home to pay $189 million to a home security competitor over a lawsuit alleging “deceptive practices.” The competitor, CPI, sued Vivint alleging it used deceptive tactics to try and sign CPI customers.
Do you own your equipment from Vivint
Do I own or lease Vivint's home security system You own the equipment. You can either pay for all the equipment up front or pay for it over the course of a few years. If you decide to pay for it over time, Vivint offers 0% APR so there's no added interest.
What is the number 1 security system in the US
Compare the best home security systems
| Brand | Best for | Smart home compatibility |
|---|---|---|
| Vivint | Best overall | Amazon, Google, Z-Wave |
| SimpliSafe | Best DIY security | Amazon, Google |
| ADT | Most experienced | Amazon, Google, Z-Wave |
| Cove | Best customer experience | Amazon, Google |
What security is better than ADT
Vivint is the clear winner when it comes to automation and smart home integration. Their devices easily connect to Amazon Alexa and the Google Assistant and, unlike ADT, don't require an upgrade to your monthly payments.
Is Chick Fil A Mormon owned company
Truett Cathy was a devout Southern Baptist; his religious beliefs had a major impact on the company. The company's official statement of corporate purpose says that the business exists "To glorify God by being a faithful steward of all that is entrusted to us.
Does the LDS Church own Tesla
But the fund is active, with stocks in the tobacco and alcohol sectors excluded from the portfolio. Some of the stocks owned by the Church, aside from Tesla, are also held by Cathie Wood's Ark Invest.
Is there a class action lawsuit against Vivint
Originally filed in 2020, the lawsuit went to court early in 2022 accusing Vivint of “false and deceptive sales practices on the doorsteps and in the homes of significant numbers of CPI customers across the Southeast” in an effort to take over their alarm systems.
How much is Vivint security company worth
Founder Pedersen created Vivint, under the name APX Alarm, as a home security company in 1999. The company was acquired by The Blackstone Group in 2012 for more than $2 billion.
What security cameras are not owned by China
Speco has mixed of NDAA-Compliant and Non-Compliant ProductsSpeco ZIPK8N2 IP Security Camera System.Speco O8B8M IP Security Camera.Speco HTINT601T CCTV Analog Security Camera.Speco HTPTZ20T HD-TVI Security Camera.Speco ZIPN16T4 16 Channel Surveillance Kit.
Is there a class action lawsuit against Vivint Solar
A class action lawsuit filed in December in federal court in San Francisco also accuses Vivint of targeting low-income people.
How do I get out of a contract with Vivint
To cancel your contract, you will need to give Vivint customer service a call at +1-800-216-5232, ext. 5020. They will walk you through the process.
Who are the top 5 security companies
The 10 Best Home Security Companies of 2023Vivint.ADT.Ring.SimpliSafe.Brinks.Link Interactive.Abode.Frontpoint.
Who has the world’s best security
Biggest Private Security Companies in the WorldConstellis.Unity Resources Group.CACI International Inc.ICTS International N.V.The Brink's Company.Booz Allen Hamilton Inc. 2021 Revenue: $7.86 billion.Control Risks. Revenue as of 2021: $300 million.GardaWorld Corporation. 2021 Revenue: $2.71 billion.
What companies do the Mormon Church own
Businesses that are owned by Latter-day Saints and the ChurchJetBlue Airways.Black & Decker Corporation.SkyWest Airlines.Marriott Hotels International, Inc.City Creek Center.Deseret News.Polynesian Cultural Center.Broadcasting/Publishing/Media
What religion is Chick-fil-A Mormon
Chick-fil-A founder S. Truett Cathy is a devout Christian who has taught Sunday School for over 51 years and whose religious beliefs permeate the company to this day.
