Deploy Surveillance, a West Jordan mobile security company, has a new owner. Todd Pedersen, founder of Vivint Smart Home and Vivint Solar, has purchased the company and will become an executive board member.
“Pedersen’s involvement bolsters the company’s commitment to aggressive and strategic scaling, as well as its focus on investment in new technologies,” the company said in a statement.
“I’m very excited about the direction of Deploy Surveillance,” said Pedersen. “We’ve always focused on understanding our customers’ needs and delivering better than anyone else. By building a strong team of experienced and high-potential members, we are in a great position to drive innovation and stay ahead. It’s vital that we continue to pioneer and stay relevant to both our current customers and those we aim to serve. Deploy is poised to revolutionize the market with our cutting-edge solutions and exceptional service.”
With Pedersen’s financial backing, the company expects to drive research and integration of emerging AI technologies while expanding operations, increasing fleet size and diversifying the company’s product line, the release said.
In 1999, Pedersen founded Vivint, overseeing its growth as CEO until 2012, when the company was acquired by the Blackstone Group for $2 billion. In 2021, Pedersen stepped down as CEO to pursue other entrepreneurial ventures and charitable endeavors. He was honored as Ernst & Young Entrepreneur of the Year in 2010, Utah’s Entrepreneur of the Year by the MountainWest Capital Network in 2013 and later inducted into the David Eccles School of Business Hall of Fame.
Deploy Surveillance manufactures and markets self-sufficient, AI-powered mobile surveillance units with advanced solar technology for cloud-based monitoring.