Tyco announces its investment in RetailNext

Tyco Retail Solutions has announced that Tyco has made an equity investment in RetailNext, an innovator in Big Data solutions for retail. RetailNext offers unique and comprehensive real-time analytics, particularly in the traffic intelligence space, empowering retailers to collect and analyze in-store data. Tyco will leverage this partnership to deliver added value to its global customer base of more than 185,000 stores.

"Our organization has long been committed to finding innovative ways to add value for our customers. Whether through new services or technologies, our team is focussed on driving and delivering actionable insights that solve significant retailer challenges. This equity investment in RetailNext complements our open innovation strategy and comprehensive portfolio of in-store devices. We are excited about the near-term and long-term benefits it will deliver to our customers," said Nancy Chisholm, Vice-President & General Manager, Tyco Retail Solutions.

With an open architecture approach, Tyco's TrueVUE Retail Platform enables retailers to leverage and integrate the power of blended store shopper, and employee data from multiple applications, sensor, and video devices. Retailers can gain visibility to valuable in-store activity through Tyco's portfolio of data capture devices, including cameras, readers, pedestals, antennas and sensors.