All Articles Tagged Tyco

Jason Knott | 04/02 08:12 AM, 0 Comments

ADT Commercial Security, a unit of Tyco Fire & Security, is changing its name to Tyco Integrated Security. The name change is a direct result of the announcement in September 2011 by Tyco International Ltd. on its plan to separate into three independent companies, led by the spinoff of ADT Residential, the No. 1 company on the CE Pro 100, to its own separate company. Leveraging the global resources of Tyco Fire & Security, the company will focus on the unique security needs of businesses. Among its new solutions recently… View this story

Jason Knott | 11/08 12:10 PM, 0 Comments

Citing potential conflict of interest as Comcast makes it move into the residential security business, Edward Breen, chairman of ADT parent Tyco International Ltd., has resigned from the Comcast board of directors, which he has served on for the past six years. Breen intends to stay on as a consultant to ADT after the split. According to the LA Times, in his letter to Comcast chairman Brian Roberts, Breen said he would be "devoting significant time and energy over the next 12 months to the selection of new boards of… View this story

Jason Knott | 09/15 06:21 AM, 0 Comments

Tyco International Ltd. (NYSE: TYC) has reached an agreement to acquire Visonic Ltd. (TASE: VSC.TA), a global developer and manufacturer of electronic security systems and components, for approximately $100 million in cash. The acquisition, which was speculated about in June 2011, will strengthen the wireless product and technology portfolio and market presence of the Tyco Security Products business in the intrusion security market. Tyco is the parent company of ADT, the No. 1 company on the CE Pro 100. Visonic is a leading company in developing wireless technology for the… View this story

Jason Knott | 06/29 08:47 AM, 7 Comments

Everyone in the security industry is familiar with the scandal surrounding former Tyco CEO Dennis Kozlowski, who is still serving a prison sentence of eight to 20 years after he and his co-defendants were convicted of excessive bonuses totaling $430 million, tax evasion and stealing more than $100 million from ADT’s parent company. The headlines focused on his lavish misappropriations: the $2 million birthday/toga party in Sardinia he threw for his wife, the $11 million in artwork for his Manhattan apartment, a $15,000 doggy umbrella stand, and of course, the… View this story

Jason Knott | 06/23 06:49 AM, 1 Comment

Tyco International (NYSE: TYC), the parent company of ADT, is in negotiations to acquire Visonic Ltd. (VSC: Tel Aviv), according to a report. According to the Israeli website domain-b, Tel Aviv-based Visonic has released a statement that is "in negotiations with Tyco for selling itself under a 60-day exclusivity agreement" and "the terms of the deal and the price have not yet been agreed and there is no certainty the talks will lead to an agreement." According to the website, founder and chairman Yaacov Kotlicki, who holds 70 percent of… View this story

Julie Jacobson | 04/12 07:18 AM, 4 Comments

For a few years, DSC has offered cloud-based security services through its partner Connect24. But the existing service is fairly basic, with remote access to a home’s alarm system and surveillance cameras. It does not support home automation devices such as lighting controls and thermostats. That will change this fall when Connect24 rolls out a new offering powered by iControl’s OpenHome platform, the same technology behind ADT Pulse. The new service, introduced during the recent International Security Conference (ISC West) is fairly similar to ADT Pulse (view architecture), but instead… View this story

Jason Knott | 04/11 10:16 AM, 0 Comments

Schneider Electric (SCHN.PA) is reportedly in the early stages of working with bankers to assess Tyco International (NYSE: TYC) as an acquisition, according to Reuters. Tyco is the parent company of ADT Security Services. Schneider believes ADT will help it expand beyond the smart grid, according to Reuters, which cited three unnamed sources. Tyco's market capitalization is roughly $23 billion. Schneider, owners of APC, SquareD and Pelco, has a market value of about $46 billion. In early trading on the rumors, shares of Tyco were up 6 percent to around… View this story

Julie Jacobson | 10/27 05:54 AM, 0 Comments

While former Tyco CEO Dennis Kozlowski sits in a New York jail, his old North Hampton, N.H., home is going to auction. Kozlowski sold the home just before heading to jail in 2005 for receiving $81 million in purportedly unauthorized Tyco bonuses, and purchasing knick-knacks such as $15 million artwork on Tyco’s dime. The property for sale features a Crestron automation system that controls whole-house audio, video, lighting, security and a geothermal HVAC system. We’re wondering if the security system was installed by Tyco’s ADT division. We’re also curious: If… View this story

Julie Jacobson | 01/19 07:22 AM, 1 Comment

Tyco International Ltd., owner of ADT, has acquired competitor Brink's Home Security for $2 billion in cash and stock. Tyco intends to combine the two businesses under the ADT name, the company said in a statement. Brink’s, which now operates as Broadview Security, has more than 1.3 million recurring revenue accounts throughout North America with annualized revenue of approximately $565 million. ADT has more than 7.4 million recurring revenue accounts globally and generated revenue of $7 billion in fiscal 2009. ADT's North American residential and small business operation, which is… View this story