Vivint Solar Names Greg Butterfield as Chief Executive Officer

PROVO, Utah, Sept. 5, 2013 /PRNewswire/ -- Vivint Solar, a leading full-service residential solar integrator, today announced it has named Greg Butterfield as Chief Executive Officer. Butterfield has more than 25 years of executive-level experience in the software and network system management industries, most notably as Chairman and CEO of Altiris. During his tenure at Altiris, Butterfield led the company to eight consecutive years of revenue growth and profitability, growing annual revenues from $3 million to $339 million. Altiris was acquired by Symantec Corporation in 2007 and Butterfield continued to lead as group president of server and storage management at Symantec.

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"This is a critical expansion period for Vivint Solar and we welcome Greg's record of consistent, annual revenue growth and profitability at both private and public technology companies," said Todd Pedersen, founder and CEO of Vivint Inc. "His expertise will help widen our customer reach and further develop our technology and team."

Prior to joining Vivint Solar, Butterfield was a managing partner at SageCreek Partners, a technology investment firm. In addition to Altiris, Butterfield was also group president of server and storage management at Symantec Corporation and has held executive positions at Vinca Corporation and Novell.

Butterfield has served as a chairman or a board member for RES Software, Needle, Utah Valley University, Utah's Technology Council, Utah Information Technology Association, and Omniture. In 2002, Butterfield won the Ernst and Young Entrepreneur of the Year award. He holds a Bachelor of Science degree in business administration and finance from Brigham Young University.

"Vivint Solar has built an outstanding business proposition onto an already successful operating structure that is igniting residential solar energy adoption across the United States," said Greg Butterfield. "I am honored to join this entrepreneurial, motivated team and elevate the Vivint brand further."

Vivint Solar is the second largest U.S. residential solar installer, according to the U.S. PV Leaderboard published by GTM Research. Through a power purchase agreement (PPA), a homeowner can buy the power generated by a solar photovoltaic system at a lower rate than they could get from a local utility provider. Vivint Solar designs, installs, monitors, and services the system with no additional out-of-pocket costs to the homeowner.

Vivint Solar currently operates in California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Washington D.C.

About Vivint Solar

Vivint Solar is a leading provider of simple, affordable solar solutions. As an early adopter of the power purchase agreement (PPA) model, Vivint Solar designs, installs, monitors and maintains cost-effective solar energy systems. The company provides award-winning customer service and support while saving customers money and protecting the environment. For more information, visit www.vivintsolar.com.

About Vivint

Vivint is a leading provider of home technology services in North America. Vivint's technology-based platform integrates a wide range of wireless features and components that deliver simple, affordable home security, energy management, home automation, and solar solutions. In 2011, Vivint's Home Automation package and Advanced Security package received a Consumers Digest "Best Buy" rating. Dedicated to protecting families, increasing energy efficiency, and simplifying lives, Vivint has more than 13 years of experience and supports over 800,000 customers throughout the United States and Canada. For more information, visit the company's website at www.vivint.com.

Contact:

Vivint Solar
Kady Cooper
Director of Public Relations
415-706-9778
[email protected]

SOURCE Vivint Solar

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