Vivint Inc has announced a major corporate milestone achievement in its latest financial statements. The home improvement company, which focuses on enhancing livelihood technologically today announced that it surpassed the $30 million mark in Recurring Monthly Revenue (RMR), becoming one of three companies in the industry to achieve that milestone.
Soon after the announcement of the RMR achievement, the company went ahead to disclose that it had also increased its bank financing from $50 million to over $800 million, as Market Watch reported. Chris Black, Vivint’s chief finance officer said, the money will be used to grow the company organically, while expanding its customer base.
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Todd Pedersen, the company’s chief executive officer stated that the success is due to customer loyalty. He said, “None of this would have been possible without the support of our customers who trust us to protect what is most important in their lives, and the talented team we’ve assembled who are passionate about creating exceptional customer experiences every day.”
According to several Vivint reviews over the last two years, the company offers technological, reliable, and affordable solutions to most of mankind’s housing needs, including; security systems, Vivint Home Automation Package, and Solar panel systems among others.
According to Market Watch, Vivint is the largest home automation company in North America. The company has been in business for more than thirteen years and serves over 600,000 customers in both the United States and Canada.