Tyco Security Products announced that it completed the acquisition of Exacq Technologies, a developer of open architecture video management systems (VMS) for security and surveillance applications for $150 million in cash. The company stated in a press release that this acquisition complements and expands Tyco Security Products’ product offering allowing it to serve the varied needs of its global customers who are seeking cost-effective, easy-to‐use and easy-to- install video security solutions and also increases the company’s presence in the rapidly expanding network video security industry.
Pioneered by a group of video industry veterans, Exacq Technologies offers intuitive network video solutions that scale from small single camera applications to large, integrated systems with thousands of cameras. The company has established a strong brand in North America, with a blue-chip and loyal customer base in the corporate, retail, educational and banking verticals.