PROVO — Vivint founder and CEO Todd Pedersen has been named 2013 Entrepreneur of the Year by the MountainWest Capital Network, a Utah business networking organization.
Pedersen was the founder of APX Alarm in 1999, which later became Vivint. As CEO he was instrumental in obtaining credit agreements with Goldman Sachs in 2006 and 2009 to facilitate ongoing growth. Vivint was then acquired for $2 billion by The Blackstone Group in late 2012.
“My success as an entrepreneur stems from the fact that I love what I’m doing, and where we are trying to take this company. We are really having a lot of fun,” said Pedersen. “It’s incredibly rewarding to know that Vivint has carved a path in the tech industry, offering simple, affordable home automation and solar solutions for residents across North America.”
Vivint, based in Provo, has more than 3,200 employees with other business offices in South St. Paul, Minn., and Calgary, Alberta, Canada.
- What people never mention when they talk...
- About Utah: They're best in the world
- 3 tips for traveling cheaply
- Fox News blocked from Dish Network
- Survey says parents spend $532.87 a month to...
- N. Korea proposes joint probe over Sony hacking
- Amazon offers one-hour delivery in Manhattan...
- California puzzles over safety of driverless...
- NYC premiere of Rogen film 'The... 8
- US consumer prices fall in November 4
- AP sources: NFL employees turn over... 3
- Sony hack adds to security pressure on... 3
- What people never mention when they... 3
- US current account deficit rises to... 1
- Incoming Senate Majority Leader Mitch... 1
- A look at North Korea's cyberwar... 1