Tyco International Expands Technological Reach in Multiple Ways
Tyco International announced it is bolstering its technological capabilities on several fronts. It has appointed Daryll T. Fogal as Chief Technology Officer (CTO), launched its new "Tyco On" software solutions platform, and made a strategic investment in San Jose, Calif-based Qolsys, a provider of innovative home automation solutions.
As Tyco's CTO, Fogal will have global responsibility for the company's technology vision, strategy, capabilities and operations to support the development of products, services and solutions that meet the needs of customers ranging from multinational corporations to households. Most recently, he served as Chief Technology Officer and vice president of engineering for Eaton Corporation's Electrical Sector. Based in Princeton, N.J., Fogal will report directly to George Oliver, Tyco's chief executive officer, and will serve on Tyco's management team.
In continuation of its technological growth, the company introduced Tyco On, its integrated data and smart services platform. Tyco On provides a set of software-enabled Internet of Things (IoT) capabilities that enhance safety and security systems using open standards to connect a wide range of intelligent devices, systems and services, enabling customers to improve their operations.
"As the core of our Internet of Things strategy, Tyco On builds on our deep expertise in systems integration and services and our installed base of more than a billion sensors, tags, devices and systems around the world, and unlocks the value of this data with the power of analytics to deliver a range of smart services for multiple vertical markets, from healthcare and hospitality to petro-chemical operations, to education and more," Oliver stated to the press.
The company also advanced its IoT strategy with a strategic investment in Qolsys, a company that has extended the boundaries of "all-in-one" home automation with its IQ panel. The Android-based panel delivers the industry's most advanced, connected home control platform supporting life safety, residential security, home control, energy management and other functions, supported by best-in-class technology providers, including Google, Foxconn Technology Group and Alarm.com.
"The partnership with Qolsys is exciting news for Tyco and further demonstrates our commitment to enabling new intelligent services via the Internet of Things," stated Mike Ryan, president, Tyco Security Products. "This investment deepens our intrusion security portfolio offering so that we can continue to deliver the most innovative and intuitive solutions to our customers in the residential, commercial and service provider segments." Tyco did not disclose the financials of the investment.