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Tyco invests in Qolsys

Tyco also names Daryl Fogal CTO, releases 'Tyco On'

CORK, Ireland—Tyco International on Nov. 21 announced that it is making a strategic investment in Silicon Valley-based home automation solution provider Qolsys.

FreightWatch raises $10m

Business grows as cargo theft increases, regulations mount

AUSTIN, Texas—With an eye toward developing new technology and possible M&A activity, logistics security firm FreightWatch International announced this month a $10 million capital raise led by Bridge Investments, with help from Egis Capital and the Kroll family.

This is the first equity raise in the company's 12 years, said CEO Barry Conlon, and though it remains difficult to raise funds in this economy, "we see cargo theft really on the rise. We're seeing a demand and more and more requests for locations that we're not currently in." To meet that demand, FreightWatch need some capital to grow quickly. Conlon said to look for new locations "not in the short term, but in the middle term."