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Tag: Tyco International


JCI and Tyco announce post-merger executive line-up

May 27, 2016Martha Entwistle

MILWAUKEE and CORK, Ireland—Johnson Controls and Tyco International, which announced plans to merge in January, today announced the post-merger executive line-up.The deal is expected to close Oct. 1, 2016.Seven corporate executive officers were named, and seven business leaders were announced.Five of the seven corporate executive officers are JCI employees who currently hold the same role at JCI that they will at the combined company. Two of the corporate executive officers come from Tyco.“As...

Alper Cetingok, Johnson Controls, Raymond James, Tyco International

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Tyco opens new global headquarters in Ireland

March 7, 2016SSN Staff

CORK, Ireland—More than 400 guests attended a grand opening at Tyco International's new global headquarters here, the company announced March 7.In January Tyco and Johnson Controls announced plans to merge. Once the deal is closed later this year, the building will become the global headquarters for the combined company, which will operate under the name Johnson Controls.  In 2014, Tyco moved its official domicile in Switzerland to Ireland, and announced plans to establish a global business...

new global headquarters, Tyco International

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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...

CTO, Daryl Fogal, Internet of things, investment, Qolsys, Tyco International, Tyco On

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This Blog's on Fire (And Other Stuff)

ADT adds 100,000 customers in fiscal 2013 and its Devcon buy boosts its RMR, but attrition climbs to 13.9 percent

November 20, 2013Tess Nacelewicz

Just about one year after The ADT Corp. split from Tyco International and became a stand-alone, publicly traded company, the company reported today that its RMR climbed 4.7 percent in Q4 and that the rise was helped by its acquisition of Devcon Security this summer. Boca Raton, Fla.-based ADT, which officially became independent Sept. 28, 2012, reported its Q4 and fiscal year 2013 results today. It added 100,000 subscribers in 2013, bringing its total customer based to 6.5 million, the company said. ADT...

ADT, Devcon Security, The ADT Corp., Tyco International, Vision Security

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Also Noted

Tyco hopes to sell Caps Co., reports say

November 13, 2013SSN Staff

PRINCETON, N.J.—Tyco International has approached private equity firms in a bid to sell Caps Co., its Korean security business, news reports say. Morgan Stanley, Tyco's advisor, has approached three Seoul-based private equity firms, MBK Partners, Carlyle Group and CVC Capital partners, according to the Wall Street Journal, which reports Tyco wants the sale done quietly. MBK is now working with advisor Goldman Sachs, the WSJ reports. Tyco, provider of fire protection and security, acquired Caps...

Caps Co., Tyco International

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Monitoring Matters

New role for Jay Hauhn

October 23, 2013Leif Kothe

Jay Hauhn, chief technology officer and VP of industry relations at Tyco Integrated Security, has been named president of CSAA. The announcement was made at the organization's recent annual meeting in Quebec City. Hauhn, who most recently served as vice president for the organization, assumes the role held by Robert Bean, whose term expires this year. Hauhn is actively involved in several industry organizations. Since 2011, he has served as chairman of the board at The Security Industry Association,...

CSAA, ESA, Jay Hauhn, physical security, Robert Bean, SIA, SIAC, SSN, Tyco International

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Tyco IS takes 'disciplined approach' to making margin

May 1, 2013Martha Entwistle

BOCA RATON, Fla.—Taking a page out of SimplexGrinnell's playbook, Tyco Integrated Security is following a structured approach to making margin on its commercial security jobs, according to Tyco executives and analysts who cover the company.Brett Ludwig, Tyco's director, external communications, and Joseph Longo, Tyco's director, investor relations, told Security Systems News that the company has instituted incentives for its sales force to go after high-margin business with recurring service...

Brett Ludwig, George Oliver, Imperial Capital, ISC West, Joseph Longo, SimplexGrinnell, Tyco Integrated Security, Tyco International

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This Blog's on Fire (And Other Stuff)

Billionaires bet on ADT

March 20, 2013Tess Nacelewicz

I've been writing here about the sunny outlook for The ADT Corp. stock since the newly independent company began publicly trading last fall after spinning off from Tyco International. But don't just take my word for it—apparently 10 billionaires also think ADT is a good investment., a web site that's oriented toward value investing, noted this week that 10 billionaire investors have all recently invested in Boca Raton, Fla.-based ADT. Here's more from what Gurufocus had to say: ADT...

Dodge & Cox, George Soros, Gurufocus, James Barrow, Jean-Marie Eveillard, John Burbank, John Keeley, Julian Robertson, Mario Gabelli, Paul Tudor Jones

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This Blog's on Fire (And Other Stuff)

Q1 sales, profits up for ADT

January 30, 2013Tess Nacelewicz

Sales of Pulse are up more than 6 percent and recurring revenue up more than 5 percent, The ADT Corp reported today as it released its results from its first quarter ending Dec. 28. The home security/home automation giant also said it added 257,000 new customers and has 6.4 million customer accounts. When ADT on Sept. 28 became an independent, publicly traded company after spinning off from Tyco International, CEO Naren Gursahaney told me that it was not "a moonshot” for ADT's residential penetration...

Naren Gursaheney, Pulse, Security Systems News, The ADT Corp., Tyco International

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ADT performing well

January 16, 2013Tess Nacelewicz

Since ADT spun off from Tyco International Sept. 28 and began trading on the New York Stock Exchange, the news about its performance has been upbeat. And earlier this week, according to news reports, Credit Suisse Group reaffirmed its outperform rating of the The ADT Corp. and raised its target price from $50 to $54. It cited ADT mergers and acquisitions as a factor. Here's more from Credit Suisse's Jan. 14 assessment of ADT: Some investors think they "missed" the chance to own ADT. We disagree,...

Security Systems News, The ADT Corp., Tyco International

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