Tyco Security Products Completes Acquisition of Exacq Technologies

Tyco Security Products Completes Acquisition of Exacq Technologies

  • Jul 29, 2013

Tyco Security Products Completes Acquisition of Exacq TechnologiesTyco Security Products announced today that the company has completed the acquisition of Exacq Technologies (Exacq), a developer of open architecture video management systems (VMS) for security and surveillance applications for $150 million in cash.

This acquisition complements and expands Tyco Security Products’ product offering and increases the company’s presence in the rapidly expanding network video security industry. This acquisition will further enable Tyco Security Products to serve the varied needs of its global customers who are seeking cost-effective, easy-to-use and easy-to-install video security solutions.

Pioneered by a group of video industry veterans, Exacq Technologies offers intuitive network video solutions that scale from small, single camera applications to large, integrated systems with thousands of cameras. The company has established a strong brand in North America, with a blue-chip and loyal customer base in the corporate, retail, educational and banking verticals. Exacq has achieved significant annual growth in revenues and profitability since its inception in 2005, as customers have migrated from traditional analog to Exacq’s IP-based, video solutions. The business is expected to generate annualized revenues in fiscal 2014 of approximately $75 million.

"We are excited about bringing the Exacq product portfolio into our business and are committed to its continued development and to supporting Exacq’s existing customers. With Exacq, we will be able to reach a broader segment of customers demanding video IP security solutions than we are currently able to serve. We believe that the combination of Exacq and American Dynamics video solutions, coupled with Tyco Security Products’ global service and install footprint, will enable us to better serve our customers’ requirements,” said President of the Tyco Security Products business unit, Mike Ryan. “Exacq’s management and employees have been instrumental in getting them to where they are today, and Tyco Security Products is looking forward to welcoming them and working together to further our combined success.”

Exacq will be integrated into the Tyco Security Products business unit, a provider of access control, video, location-based tracking and intrusion solutions.

Featured

  • Survey Shows Election Anxiety Crosses Party Lines

    New reports of election worker intimidation are raising concerns about election interference. A majority of Americans (71%) are worried about voter intimidation or safety at the polls, and 75% want security cameras at their voting place, according to a new national survey. Read Now

  • 66 Percent of Cybersecurity Pros Say Job Stress is Growing

    Sixty-six percent of cybersecurity professionals say their role is more stressful now than it was five years ago, according to the newly released 2024 State of Cybersecurity survey report from ISACA, a global professional association advancing trust in technology. Read Now

  • Live from GSX 2024: Post-Show Recap

    Another great edition of GSX is in the books! We’d like to thank our great partners for this years event, NAPCO, LVT, Eagle Eye Networks and Hirsch, for working with us and allowing us to highlight some of the great solutions the companies were showcasing during the crowded show. Read Now

    • Industry Events
    • GSX

  • Research: Cybersecurity Success Hinges on Full Organizational Support

    Cybersecurity is the top technology priority for the vast majority of organizations, but moving from aspiration to reality requires a top-to-bottom commitment that many companies have yet to make, according to new research released today by CompTIA, the nonprofit association for the technology industry and workforce. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge. 3

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure. 3

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols. 3