Keith Nellesen (born 1967) is an American

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

and the co-founder of

Vivint Vivint Smart Home, Inc. is a Provo, Utah-based manufacturer of smart home and home security products. Its product lines include cameras, locks, safety sensors, thermostats, and lighting, along with associated monitoring and installation services. ...

, Inc., a

home automation Home automation or domotics is building automation for a home. A home automation system will monitor and/or control home attributes such as lighting, climate, entertainment systems, and appliances. It may also include home security such ...

, security and solar energy company. Vivint, Inc. was acquired in late 2012 for $2.2 Billion by the

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

. Following the sale of Vivint Nellesen invested in

NUVI Nuvi is a software and marketing services company that develops a SaaS Customer experience#Management, customer experience management (CXM) and social media marketing platform. The Nuvi platform has eight tools: Listen, Plan, Publish, Engage, Anal ...

where he subsequently assumed the role of

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

from founder David Oldham. Nellesen, was CEO from May 2014 to October 2015 and again resumed the CEO position from Cameron Jensen in late 2016. Nellesen was previously chairman and CEO at MoneyReef.

Biography

Keith Nellesen grew up in

Idaho Falls Idaho Falls is the List of cities in Idaho, fourth most populous city in Idaho and the county seat of Bonneville County, Idaho, Bonneville County. It is the state's most populous city outside the Boise metropolitan area. As of the 2020 United St ...

Idaho Idaho ( ) is a landlocked U.S. state, state in the Pacific Northwest and Mountain states, Mountain West subregions of the Western United States. It borders Montana and Wyoming to the east, Nevada and Utah to the south, and Washington (state), ...

, where he attended

Idaho Falls High School Idaho Falls High School (IFHS) is a four-year public secondary school in central Idaho Falls, Idaho, USA. The current building opened in 1952, though the school itself has been in operation since 1897. Idaho Falls is the older of the two traditio ...

. He later attended BYU, where he obtained a Masters of Accountancy in 1992. Following BYU, he was contacted by his old High School friend Todd Pedersen, and the two embarked on establishing the company now known as Vivint (formerly APX Alarm). Under Nellesen’s and Pedersen’s directorship, the firm branched into other venues such as

Vivint Solar Vivint Solar was an American provider of Photovoltaic system, photovoltaic solar energy generation systems, primarily for residential customers. The company was established in 2011 as an offshoot of home automation and security company Vivint and ...

Energy. After obtaining the buy-out of Vivint by Blackstone, Nellesen embarked on his current business venture, NUVI. Nellesen is the also a founding partner of McColee Partners, a venture capital investment firm specializing in early stage investments. Keith Nellesen, along with his wife Melisa, contributed the initial donation for the Cole Nellesen Building at

Utah Valley University Utah Valley University (UVU) is a public university in Orem, Utah, United States. UVU offers master's, bachelor's, associate degrees, and certificates. Previously called Utah Valley State College, the school attained university status in July ...

(UVU). This will house the Melisa Nellesen Center for Autism at UVU In June, 2016 Nellesen made a lead donation for UVU's 14,500-square-foot $3.5 million practice and conditioning facility to house its men’s and women’s basketball teams, to be known as the NUVI Basketball Center. He also has a special interest in the

Book of Mormon The Book of Mormon is a religious text of the Latter Day Saint movement, first published in 1830 by Joseph Smith as ''The Book of Mormon: An Account Written by the Hand of Mormon upon Plates Taken from the Plates of Nephi''. The book is one of ...

and collects early editions.

Innovations and awards

Company innovations include a First Class restaurant at the Vivint corporate headquarters in Provo where daily meals are provided to employees, a free

medical clinic A clinic (or outpatient clinic or ambulatory care clinic) is a health facility that is primarily focused on the care of outpatients. Clinics can be privately operated or publicly managed and funded. They typically cover the primary care needs ...

, and various recreational outlets including a University-Class basketball court and a

weight room Strength training, also known as weight training or resistance training, is exercise designed to improve physical strength. It is often associated with the lifting of weights. It can also incorporate techniques such as bodyweight exercises (e ...

References

{{DEFAULTSORT:Nellesen, Keith 1967 births Living people American Latter Day Saints Brigham Young University alumni American chief executives People from Idaho Falls, Idaho People from Mapleton, Utah