LEHI -- Vivint, the largest home automation services company in North America, has opened its doors on the new Vivint Innovation Center near Thanksgiving Point. The Innovation Center is part of Vivint's plan to keep its trademarks on all newly-developed equipment and technology being used by the company from here into the future. As part of the move, Matthew Eyring has been hired as chief strategy and innovation officer to oversee developments.
The Vivint Innovation Center, located in Lehi, employs hardware, software and radio engineers; industrial designers; and user experience professionals. Besides Eyring, Vivint named J.T. Hwang, chief technology officer; Jim Nye, vice president of product development; and Jeremy Warren, vice president of innovation. Warren joins Vivint from 2GIG Technologies, a company that develops home security and automation systems, where he served as chief technology officer.
Blackstone Group LP recently purchased Vivint for $2 billion, one of the biggest sales in Utah history, as well as Vivint Solar and 2GIG Technologies. Prior to the Blackstone acquisition, Vivint president Alex Dunn was instrumental in securing equity partners, including Goldman Sachs, Peterson Partners and Jupiter Partners, and a $690 million credit facility. This funding allowed Vivint to pursue new market opportunities like home automation and solar products, and fuel growth.
"Vivint's entrance to the home automation and solar markets has been a remarkable journey," Dunn said. "To play a role in this growth process has been one of the most rewarding challenges of my career."
Researchers for Vivint are working on the next generation in security panel peripherals and on the latest technology upgrades.
"We'll be introducing the next generation panel currently being developed at the beginning of next year," Dunn said. "There are 50 employees working in Lehi now with 50 to 100 more new jobs in the near future."
Dunn said keeping innovation and technology within the company instead of outsourcing it gives the company the competitive edge in home automation.
"With this move we are making a big investment into innovation and technology," Dunn noted. Vivint also is building at its Provo location. When the new building in complete the executive offices will move and the original building will become an enlarged call center.
According to Dunn, Eyring will guide the company at the center in Vivint's home automation, residential security and solar markets, as well as other new initiatives.
In introducing Eyring, Dunn said, "With Matt's experience helping some of the world's best companies innovate and grow, he is well positioned to further Vivint's reputation as a leading technology company."
Eyring was most recently the managing partner of Innosight, a global strategy and innovation consulting firm co-founded by Harvard Business School professor Clayton Christensen. According to a Vivint news release, at Innosight, "Eyring led worldwide strategy and operations, as well as the health care and emerging markets practices. Eyring joined Innosight as a partner in 2001, and was instrumental over a decade in helping the firm grow to its current leadership position."
"This is an exciting time to join Vivint," Eyring said. "Throughout my career, I have been drawn to high-growth opportunities where cutting-edge technology and innovation can unlock tremendous value for customers. Vivint fits that description, and I look forward to overseeing the company's future growth."