Tyco Completes Acquisition of Exacq Technologies
Source: Tyco Security Products | Date: 07/30/2013
Tyco 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.