Tyco Acquires Exacq for $150M

Tyco Security has announced the acquisition of Exacq Technologies—a developer of open architecture video management systems (VMS) for security and surveillance applications—for $150 million in cash.

According to the announcement, the acquisition “is expected to complement Tyco Security Products' video technology portfolio while strengthening its presence in the video security market.

This acquisition also furthers Tyco's disciplined growth strategy, while expanding the company's technology and product portfolio.

Meeting the varied requirements of the diverse video customer base provides us with a unique position in the security industry, said Mike Ryan, president of Tyco Security Products, in the announcement.

The acquisition is expected to close later this year and is subject to customary closing conditions.

Tyco will integrate Exacq into its Tyco Security Products business unit, which includes access control, video, location-based tracking and intrusion solutions.