Wednesday, February 29, 2012
Vivint Adds $762M In Debt Financing
Provo, Utah-based Vivint, the installer of home automation, home security, and other products and services, reports today that it has raised $762M in senior bank debt financing. The firm said the round was $72M more than its last round. The financing was led by Goldman Sachs Specialty Lending Group. Vivint installs home automation systems, home security systems, and energy management systems. The firm was previously known as APX Alarm, and has recently been looking to broaden its business beyond home security into home automation and energy management.