Exciting things are happening in our industry: earlier this week, Vivint Smart-Home was acquired by NRG Energy Inc. for a massive $2.8 billion!
Vivint Smart-Home is a North American smart-home company with a portfolio of products including smart cameras, doorbells and locks. NRG Energy is an energy conglomerate and they acquired Vivint at a price of $12/share, reflecting about a 33% premium to the closing share price the day before!
As we have iterated many times before, our industry is consolidating, and we’re confident that our solutions would fit perfectly within the portfolio of smart-home company acquirers.