Mosaic Acquisition completed the merger with Vivint Smart Home in a $4.1bn deal.

Mosaic Acquisition, a publicly traded special purpose acquisition company formed by Fortress, completed the merger with Vivint Smart Home, a smart home technology company, in a $4.1bn deal, including additional equity of $488m. “We are excited to partner with Mosaic to unlock the next chapter of the Vivint growth story. We remain committed to our mission of redefining the home experience through intelligently designed, cloud-enabled solutions delivered to every home by people who care. Just as it was in 1999 when I founded this business, to today where we are a multi-billion-dollar enterprise, our customers remain our focus. As the smart home market rapidly expands globally, Vivint is in the early stage of a massive opportunity and is ready to create the future of how we live and interact with our homes,” Todd Pedersen, Vivint Founder and CEO.