Vivint
Trident IoT Completes $10M Fundraising Round; Welcomes Vivint Founder Todd Pedersen to the Board
Trident IoT focused on decreasing time-to-market for connected device manufacturers, announced completion of a $10 million fundraising round. Trident IoT offers Z-Wave silicon solutions and product design and development consulting services for any RF technology. This latest fundraising round will allow the company to expand silicon/hardware solutions development, engineering support, and certification preparation services across the gamut of IoT and connectivity platforms, including Z-Wave, Zigbee, Thread, Matter, LoRa and more.
NRG Energy Inc. to Acquire Vivint Smart Home Inc.
NRG Energy announced they have entered into a definitive agreement under which NRG will acquire Vivint for $12 per share or $2.8 billion in an all-cash transaction with an implied multiple of 6.3x run-rate Enterprise Value to Adjusted EBITDA. The agreement has been unanimously approved by the boards of directors of both companies. Vivint Smart Home is a leading smart home platform company whose mission is to help its nearly two million customers live intelligently by providing them with technology, products, and services to create a smarter, more efficient, and safer home.
Sigma Designs Ships 100 Millionth Z-Wave Chipset Module
Sigma Designs® announced that a cumulative lifetime 100M Z-Wave modules have shipped into the smart home market. With hundreds of customers shipping over 2,400 interoperable Z-Wave devices, Sigma Designs highlighted that the recipient of the 100 millionth module was the smart home service provider and long-time customer of Sigma Designs, Vivint Smart Home. Services such as professionally monitored security are currently driving the smart home market.
Retailer Best Buy Partners With Vivint To Launch Smart Home Service
Best Buy and Vivint Smart Home announced a strategic partnership to give customers an easy way to automate and manage their homes, called Best Buy Smart Home powered by Vivint. With a nationwide rollout beginning this summer, Best Buy customers will be able to visit one of more than 400 of the chain’s large-format stores to consult with a smart home expert, design a comprehensive system, and receive professional installation and monitoring, often within 24 hours.