Dear Tyco Security Products Customers,
Today, Tyco announced plans to acquire Exacq Technologies, a privately-held company based in the United States. With this acquisition, Tyco will add a fully complementary video management portfolio to its Security Products business.
We are very excited about this development and wanted to share several details of the news with you, our valued partners.
Exacq Technologies is a developer of leading VMS systems, marketed primarily under the ExacqVision brand name. Their products will be highly complementary additions to our current portfolio of American Dynamics video solutions and will provide a great opportunity to meet our customers' needs in the rapidly expanding global video market.
We believe Exacq Technologies' products, business structure and corporate values are extremely complementary and very closely aligned to those of Tyco Security Products. Both Exacq Technologies and Tyco Security Products are proud of our dedication to quality, creativity, integrity and an unparalleled focus on developing and delivering high quality security solutions to our customers.
The pending acquisition of Exacq Technologies, along with the recent acquisition of Visonic, are clear indications of Tyco's commitment to bolstering its core business in the security industry, and we intend to leverage our extensive global channel of partners to expand Exacq Technologies sales beyond North America to strengthen our presence in the global video security market.
The acquisition is subject to customary closing conditions and is expected to close in the second half of 2013.
We look forward to welcoming Exacq Technologies into our organization and are excited about the opportunities that this addition will bring to our video business, as well as to the other security solutions we provide as part of our unified offering to customers.
Please read the attached press release.
Vice President, Global Sales
Tyco Security Products