LEHI, UT--(Marketwire - Jul 12, 2012) - Utah Valley Business Quarterly has named 2GIG Technologies, the Lehi, UT-based developer of security and home automation systems, number one of its top 50 fastest growing companies. This distinction is based on three-year growth of 1,426%. 2GIG (affectionately named for its origin of 2 Guys in a Garage) today has 65 employees, $131 million in revenue, and installations in more than 700,000 homes (projected by the end of 2012).
The company was founded by two industry veterans, Lance Dean and Scott Simon, who had an existing relationship with Vivint and many other security companies. Vivint and others said that if 2GIG builds a home security/home automation control platform (the Go! Control), they "would buy a ton of them." 2GIG's focus is entirely customer centric, adding color touch screen, cellular connectivity, lights, thermostats, cameras, and other home automation capabilities to basic security. Now, the rest of the industry is playing catch up. As evidence, 2GIG just won the top award for the second consecutive year at the Electronic Security Expo, this time for the Go! 2.0, the next generation panel that is its follow-up to the wide-selling Go! Control.
According to Todd Santiago, President of 2GIG Technologies, "We are enormously gratified to be recognized by Utah Valley Business Quarterly for our impressive growth trajectory. We are putting processes in place that should help us to continue dramatic growth in the coming years."
About 2GIG Technologies. Formed in 2007, 2GIG Technologies designs and manufactures the most technologically-advanced residential security and home management solutions in the industry. 2GIG's Go!Control -- the first self-contained, all-in-one security and home management system -- was named Security Product of the Year by the Consumer Electronics Association and received the Electronic Security Expo's top honor, the Maximum Impact Award, in 2011. 2GIG Technologies is a Principal Member of the Z-Wave Alliance™, which enables 2GIG to provide customers with one of the most innovative, interactive home security platforms on the market. 2GIG Technologies is committed to providing consumers with the flexibility and cost-effective technology necessary to manage their home automation and security functions from the panel's LCD touch-screen display, the Internet, or their PDA. For more information about 2GIG Technologies, please visit www.2gig.com.
About Utah Valley Business Quarterly. Utah Valley is consistently rated as one of the best places to do business in the United States. The educated work force, tremendous quality of life and vast business resources combine to form our healthy business climate. Utah Valley Business Quarterly captures the pulse of the business community. Utah Valley Business Quarterly highlights successful entrepreneurs, long-time businesses, and trends in the area. The magazine educates business owners by writing articles that showcase the lessons learned from area business leaders. It is published by Bennett Communications. For more information, visit www.utahvalleybusinessq.com or click here to read the digital issue of the top 50.
Z-Wave® is a registered trademark of Sigma Designs and its subsidiaries in the United States and other countries.
Contact Information:
Press Contact:
Veronica Dean
Director of Marketing
2GIG Technologies
866-670-1591