Utah Valley Magazine Taps Vivint for Top Spots
Vivint, one of the largest home automation companies in North America, has announced that it has earned top spots on Utah Valley Business Quarterly magazine’s third annual UV50 rankings of Utah Valley’s leading companies. The company ranked No. 2 among for revenue performance and No. 11 for its rate of growth.
The ranking was compiled by the magazine’s editorial team based on companies’ percentage revenue growth over a three-year period from fiscal year 2008 through 2010. The magazine’s Top 10 Revenue Companies ranking was based on 2010 revenues.
“The UV50 honors the economic engines of Utah Valley — and Vivint is no exception,” said Briana Stewart, managing editor of BusinessQ. “In addition to ranking high on our Top Revenue list, the stalwart Provo company graces our Fastest-Growing category, which is no easy feat considering their impressive revenue. BusinessQ offers a big congratulations to Vivint. We look forward to seeing them on the UV50 for years to come.”
“In the midst of a sustained economic downturn, we are pleased to achieve the dual honors of being among Utah County’s leading revenue companies and the fastest-growing companies,” said Todd Pedersen, Vivint CEO.
The UV50 rankings are the latest in a year of noteworthy milestones for Vivint, including the companies rebrand from APX Alarm Security Solutions. The Feb. 1, 2011 change reflects the company’s expansion from a residential home security provider to a leader in affordable home automation services that deliver increased safety, improved efficiency and greater convenience for customers.