NEUHAUSEN, Switzerland—Tyco today announced that it will acquire VMS provider Exacq Technologies in a $150 million cash deal.
When the deal is finalized, Exacq, which is based in Indianapolis, will become part of Tyco Security Products. Tyco expects the business to “generate annualized revenues in fiscal 2014 of approximately $75 million,” Tyco said in a news release.
The deal extends Tyco Security Products’ video portfolio. The capabilities and ease of use of the Exacq products will help Tyco “address the needs of a very different type of video user than we do with our current portfolio,” Mike Ryan, president of Tyco Security Products, said in a prepared statement.
Exacq develops open-architecture video management systems and has been one of the fastest-growing VMS providers and security companies in recent years. Its products work for “small single camera applications to large, integrated systems with thousands of cameras.”
Asked his opinion of the deal, Jeff Kessler, Imperial Capital managing director, told Security Systems News that one appeal of the Exacq product is its “flexibility toward a fuller video solution. This deal could benefit larger and independent integrators who require easier video interoperability and, of course, Tyco Integrated Security as well.”
Tyco Security Products’ business unit offers access control, video, location-based tracking and intrusion solutions.
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