Todd Pedersen Biography and Net Worth

Vivint Smart Home and served as CEO until June 2021. He currently serves on the company’s board of directors.

Todd founded APX Alarm in 1999, which became one of the largest residential security companies in North America. The company rebranded to Vivint in 2010 and began pioneering the development of new smart home technology. In 2012, the Blackstone Group acquired Vivint for more than $2 billion. Vivint became a publicly traded company (NYSE: VVNT) in January 2020 after completing a SPAC merger with an enterprise value of $4.2 billion.

Todd also led the incubation and launch of Vivint Solar, which completed a $1.5 billion IPO in 2014 and became the second largest residential solar power provider in the U.S. Vivint Solar was acquired by SunRun in 2020 for $3.2 billion.

As a result of his efforts in business and in his community, Todd was named an Ernst and Young Entrepreneur of the Year, Utah's Entrepreneur of the Year by Mountain West Capital Network, and was inducted into the David Eccles School of Business Hall of Fame.