Vivint CEO Todd Pedersen just pulled off the biggest tech deal in Utah history, as Vivint hooked a $2 billion investment from New York private equity firm Blackstone. Andrew Wittenberg. September 19th, 2012.

$2B Vivint acquisition largest tech deal in state history  

September 19th, 2012

Vivint was started by Pedersen in 1999 and initially sold security alarm systems. Since then, business has been good.

"We took on investment in 2006 from some private equity firms and we've grown about 20 times since that investment happened," Pedersen said.

Now, the company's worth — about $2 billion — rivals that of large, well-known businesses like the Dallas Cowboys or Los Angeles Dodgers. And the purchase beats out other well-known recent purchases, including Facebook's purchase of Instagram for $1 billion.

"People, you hear a lot about Vivint, especially from its employees who are wearing hats and shirts all the time because they are treated so well here, and I think it will continue to be that way," said Taylor Turnbull, a Vivint employee.

That's evident from the on-site gym, the free cafeteria for employees and the pool tables around the Vivint campus.

"We try to treat our employees as best we can because they are our biggest asset, adn then provide great service to our customers," Pedersen said.

Andrew Wittenberg, Reporter. KSL News