Home Technology Vivint Milestone Achievement Attracts More Capital

Vivint Milestone Achievement Attracts More Capital

Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.

Vivint Milestone Achievement Attracts More Capital

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.

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.

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Sheeraz Raza
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.