Tyco to Acquire Exacq Technologies

Tyco to Acquire Exacq Technologies

Tyco to Acquire Exacq TechnologiesTyco announced today that the company has reached an agreement to acquire Exacq Technologies (Exacq), a developer of open architecture video management systems (VMS) for security and surveillance applications for $150 million in cash.  The acquisition is expected to complement Tyco Security Products' video technology portfolio while strengthening its presence in the video security market.  This acquisition also furthers Tyco's disciplined growth strategy, while expanding the company's technology and product portfolio.

A leader in VMS, Exacq offers intuitive solutions that scale from small, single camera applications to large, integrated systems with thousands of cameras. The business is expected to generate annualized revenues in fiscal 2014 of approximately $75 million.

"The addition of Exacq to our video portfolio expands our best-in-class video solutions," said President of Tyco Security Products, Mike Ryan. "The quality of Exacq's products coupled with ease of use and ease of installation help us address the needs of a very different type of video user than we do with our current portfolio. Meeting the varied requirements of the diverse, video customer base provides us with a unique position in the security industry and increases Tyco Security Products' leadership position in the video security business."

Following the acquisition, the company intends to integrate Exacq into its Tyco Security Products business unit, a provider of access control, video, location-based tracking and intrusion solutions.

The transaction is expected to close later this year and is subject to customary closing conditions.

  • How COVID-19 Has Revolutionized Aviation Security Let's Talk Sports Security

    In this episode of SecurPod, Ralph C. Jensen and Fred Burton discuss security tactics at sporting events, from dealing with unruly fans to coordination between the home and visitors' teams to identifying potential stalkers. We also talk about the logistics of re-opening mass-attendance venues in the wake of the COVID-19 pandemic.

Digital Edition

  • Security Today Magazine - May June 2021

    May June 2021

    Featuring:

    • Tapping into Touch-free Digital
    • Deep Learning
    • Working from Home
    • Body-worn Technology
    • A Tragic Turn of Events

    View This Issue

  • Environmental Protection
  • Occupational Health & Safety
  • Infrastructure Solutions Group
  • Spaces4Learning
  • Campus Security & Life Safety