Vivint Smart Home and New American Funding, an independent mortgage company, announced a strategic partnership that will help homeowners and homebuyers protect their homes.

ADT, a smart home and business security brand, brought actions for patent infringement against Vivint, a security and alarm company headquartered in Provo, Utah.

Vivint Smart Home announced that David Bywater has been appointed chief executive officer. 

Vivint Smart Home announced founder and chief executive officer Todd R. Pedersen has decided to step down as chief executive officer of the company.

Under the settlement, Vivint will pay a $15 million civil penalty and an additional $5 million to compensate injured consumers.

In the complaint, Vivint asserts that ADT’s Pulse, Control and Blue security systems infringe six of Vivint’s U.S. patents related to security and smart home technology.

Vivint Smart Home has joined the Z-Wave Alliance as its newest principal member, which also includes a seat on the organization’s Board of Directors. 

Vivint Smart Home Inc., Provo, Utah, has agreed to pay the United States $3.2 million to resolve allegations under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 

CPI Security Systems, SDM’s 2019 Dealer of the Year, filed a lawsuit on Sept. 11 against Vivint Smart Home, accusing the company of tricking customers into signing up for Vivint’s services by posing as CPI employees or representatives.

Vivint Smart Home Inc., a smart home technology company attempting to redefine the home experience through intelligently designed cloud-enabled solutions ranked No. 2 on the SDM 100, and Mosaic Acquisition Corp., a publicly traded special purpose acquisition company, have entered into a definitive agreement to merge Vivint with a subsidiary of Mosaic.