Tyco (NYSE: TYC) 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. The business is expected to generate annualized revenues in fiscal 2014 of approximately $75 million.
This acquisition complements and expands Tyco’s product offering and increases Tyco’s presence in the rapidly expanding network video security industry. Exacq will be integrated into the Tyco Security Products business unit, a leading global provider of access control, video, location-based tracking and intrusion solutions.
Tyco (NYSE: TYC) is the world’s largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in annual revenue, Tyco has over 70,000 employees in more than 1,000 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit www.tyco.com.