NRG, one of America’s largest utilities, will acquire 100% of the outstanding equity of Vivint for a total transaction value of $5.2 billion.

Vivint says its new Water Sensor Experience service is the latest in the company’s venture into smart insurance as it works to re-define protection for homeowners.

Alarm.com CEO Steve Trundle said the company will battle Vivint in the courts after Vivint said it would no longer pony up patent royalty fees.

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.