Tag: investment
Tyco invests in Qolsys
November 24, 2014Martha Entwistle
CORK, Ireland—Tyco International on Nov. 21 announced that it is making a strategic investment in Silicon Valley-based home automation solution provider Qolsys.
Launched at ISC West in 2013, Qolsys is a relative newcomer to the security industry.
“Qolsys has done some very interesting things,” David Grinstead, VP global sales for Tyco Security Products, told Security Systems News. He added that Tyco was drawn to Qolsys' “fresh, innovative approach to development.”
Grinstead...
FreightWatch raises $10m
July 26, 2010SSN Staff
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...