Tag: Tyco International

SILVER SPRING, Md.—The Security Industry Association (SIA) has named Peter Boriskin, chief technology officer at ASSA ABLOY Opening Solutions, as the new chair of SIA’s Standards Committee. Boriskin takes over as SIA Standards Committee Chair from Steve Van Till – co-founder, president, and CEO of Brivo – who served as chair for 11 years. In this role, Boriskin will lead and work with committee members to develop, promote and advocate industry standards...

SEATTLE—RealNetworks, Inc. (Real), a provider of AI-powered digital media software and solutions, announced two significant changes to its leadership team. Real has appointed Paul DiPeso to the newly created position of President, SAFR, a computer vision platform for live video that is part of Real’s portfolio. DiPeso will report to CEO Rob Glaser. DiPeso has over 25 years of top management experience in physical security with leading industry corporations. He was most recently...

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...

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...

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...

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...

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...

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,...

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...

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. Gurufocus.com, 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...