Tag: Tyco

CORK, Ireland—Since the Tyco-Johnson Controls merger was completed in September 2016, the two security giants have joined forces to become an industry powerhouse, leveraging the combined brands to provide innovation on both the product and integration side of the business.Security Systems News caught up with Hank Monaco, VP, marketing, Building Solutions-North America, Johnson Controls, who has 17 years of experience with the legacy Tyco businesses. Monaco said that a major post-merger undertaking,...

CORK, Ireland—Johnson Controls this week completed its merger with Tyco, marking a historic turning point for both companies.By uniting Johnson Controls, a provider of building efficiency solutions, with Tyco, a provider of fire and security solutions, the new company offers a comprehensive portfolio of products, technologies and integrated solutions for the buildings and energy sectors."We are more than just two businesses that have come together—we are now one team uniquely positioned...

YARMOUTH, Maine—Industry consolidation will accelerate this year with two megamergers—the Tyco/JCI deal and the ADT/Protection 1 merger—expected to close by the end of 2016. Does this activity help or hurt the industry? Respondents to Security Systems News' latest news poll who said massive consolidation is good just barely edged out those who said these megadeals hurt the industry. Meanwhile, another group of respondents said they have other things to worry about.Several respondents...

CORK, Ireland—Tyco today announced that it will present at the sixth annual International Women's Day Forum being hosted by the U.S. Chamber of Commerce and the United Nations Office for Partnerships in New York on March 7 and 8.  The event will convene public and private sector leaders to explore inclusive solutions that create opportunities for women and girls around the world. Cynthia Ritter, Tyco's VP, finance, and chairperson of the company's global Women's Growth Network, will participate...

CORK, Ireland—Tyco on Jan. 26 announced that it has completed the $175 million cash acquisition of ShopperTrak, a Chicago-based global provider of analytics for the retail industry.Tyco announced its intention to acquire ShopperTrak, which currently generates $75 million in annual revenues, in December.ShopperTrak's solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking.Tyco plans to combine ShopperTrak capabilities with its existing loss...

MILWAUKEE and CORK, Ireland—In a deal that brings strategic security capabilities and substantial tax benefits, Johnson Controls announced today that it will merge with Tyco. The deal was approved by the board of directors of both companies and is expected to close at the end of 2016.Johnson Controls shareholders will own approximately 56 percent of the equity of the combined company and receive aggregate cash consideration of approximately $3.9 billion. Current Tyco shareholders will own approximately...

WESTFORD, Mass.—Tyco Security Products is collaborating with Nest Labs on integrations between connected home security products to create “new experiences,” according to Greg Blackett, Tyco's strategic project marketing manager.Blackett told Security Systems News that Tyco is participating in a “Works with Nest” program, which is designed to connect disparate devices in the home.“Tyco partners with a wide range [of manufacturers] and Nest does offer a unique value...

CORK, Ireland—Tyco today announced it has named former Dish Network executive Robert E. Olson, 56, EVP and CFO effective in November. He will replace Arun Nayar, 65, who will retire at the end of the year. Olson comes to Tyco from satellite communications company DISH Network, where he was EVP and CFO. From 2006-2008, Olson served as CFO of Trane Commercial Systems, the largest operating division of American Standard. He also served as EVP and CFO of AT&T's Consumer Services division and later...

YARMOUTH, Maine—Home automation experts have heard the message loud and clear: simplify, simplify, simplify.As exciting as the ultimate smart home may seem, end users want control of their home automation devices. Many homeowners have thought about their priorities before they talk to dealers—they want their home technology working for them, not vice versa.Rob Puric, director of the connected home division at Honeywell, based in Morristown, N.J., said his company's research produced feedback...

Jay Hauhn, 38-year industry veteran and former Tyco Integrated Systems' CTO, is the new executive director for CSAA. Hauhn told Security Systems News his biggest goal is to “increase and drive member value.” Hauhn served as president of CSAA, a volunteer role, since October of 2013. In his new role, which begins April 6, he'll be more involved with the organization's day-to-day workings. “Instead of being the [president], with the vision and just stating what it is you want done,...