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

  • Security Industry Association Announces the 2026 Security Megatrends

    The Security Industry Association (SIA) has identified and forecasted the 2026 Security Megatrends, which form the basis of SIA’s signature annual Security Megatrends report defining the top 10 factors influencing both near- and long-term change in the global security industry. Read Now

  • The Future of Access Control: Cloud-Based Solutions for Safer Workplaces

    Access controls have revolutionized the way we protect our people, assets and operations. Gone are the days of cumbersome keychains and the security liabilities they introduced, but it’s a mistake to think that their evolution has reached its peak. Read Now

  • A Look at AI

    Large language models (LLMs) have taken the world by storm. Within months of OpenAI launching its AI chatbot, ChatGPT, it amassed more than 100 million users, making it the fastest-growing consumer application in history. Read Now

  • First, Do No Harm: Responsibly Applying Artificial Intelligence

    It was 2022 when early LLMs (Large Language Models) brought the term “AI” into mainstream public consciousness and since then, we’ve seen security corporations and integrators attempt to develop their solutions and sales pitches around the biggest tech boom of the 21st century. However, not all “artificial intelligence” is equally suitable for security applications, and it’s essential for end users to remain vigilant in understanding how their solutions are utilizing AI. Read Now

  • Improve Incident Response With Intelligent Cloud Video Surveillance

    Video surveillance is a vital part of business security, helping institutions protect against everyday threats for increased employee, customer, and student safety. However, many outdated surveillance solutions lack the ability to offer immediate insights into critical incidents. This slows down investigations and limits how effectively teams can respond to situations, creating greater risks for the organization. Read Now

Most   Popular

New Products

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.

  • 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.