LEHI, Utah, March 31, 2015 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading residential solar provider, today announced that Mark Trout has joined the company as Chief Information Officer. Mark will be responsible for building a cloud-based information systems structure using the latest SaaS applications and development architectures. The new systems will be designed with an emphasis on mobile capabilities that can enable faster integration between the field sales, installation and support teams.
"We welcome Mark and his long-time Silicon Valley expertise in IT applications, development and deployment," said Dwain Kinghorn, Chief Strategy and Innovations Officer at Vivint Solar. "We believe cloud-based technologies will help us reduce our cost of operations and improve overall customer experience."
Mark joins Vivint Solar with experience as Chief Transformation Officer and Head of Product Development at eBay Enterprise. He also spent more than 20 years with Accenture as Managing Partner in Silicon Valley. Mark holds a Bachelor of Science degree in Industrial Engineering from Stanford University.
Vivint Solar is the second largest installer of solar energy systems to the U.S. residential market with approximately 16 percent market share in the third quarter of 2014, according to GTM Research. In 2014, the company established 23 new sales and installation offices to its 16 previously existing offices. The company plans to continue to expand in 2015.
About Vivint Solar Vivint Solar is a leading provider of distributed solar energy systems – electricity generated by a solar energy system installed at a customer's location – to residential customers in the United States. Vivint Solar's customers pay little to no money upfront, receive significant savings relative to utility generated electricity rates and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.
Note on Forward-looking Statements
This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements relating to the expected benefits associated with the appointment of Mark Trout as Chief Information Officer of Vivint Solar, Inc. and the implementation of cloud-based information systems, and statements regarding Vivint Solar's growth plans. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the availability of additional financing on acceptable terms; changes in retail price of traditional utility generated electricity; changes in electric utility policies and regulations; the availability of rebates, tax credits and other incentives that affect the pricing of our solar offerings, including regulations related to net metering; changes in regulations, tariffs and other trade barriers and tax policy affecting the company and its industry; our ability to manage our recent and future growth effectively, including attracting, training and retaining sales personnel and solar energy system installers; the availability and price of solar panels and other system components; and the other risks identified in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at www.vivintsolar.com. Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.