News broke tonight that The Blackstone Group, which operates the second largest equity fund businesses in the world, has agreed to acquire home automation giant Vivint in a deal that’s worth just over $2 billion. Blackstone will be purchasing Vivint from Goldman Sachs, Jupiter Partners, and Peterson Partners, the company’s current sponsors. The deal, which includes debt, will give the private… → Read More
Vivint is rolling out an in-home tornado alert for its home security and automation systems that use the Go!Control panel. This free application will automatically download to users in 20 states through-out the US’s midsection. Once a tornado warning is issued in the customer’s area, the touchscreen Go!Control panel will beep loudly three times and then display a detailed message. This will… → Read More
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