Tyco International Announces Acquisition of Vue Technology to Strengthen its Sensormatic(R) Technology Portfolio
Vue Technology's In-Store RFID Technology Enhances Inventory Control for Retailers
PEMBROKE, Bermuda, Oct 07, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Tyco International
Ltd. (NYSE: TYC; BSX: TYC) today announced the acquisition of Vue Technology,
Inc., a leading provider of radio frequency identification (RFID) technology,
for approximately $43 million in a move to strengthen the technology portfolio
offered to retailers through its Sensormatic business. Privately-held Vue
Technology's item-level RFID technology provides retailers with greater
inventory visibility and accuracy by tracking individual items throughout the
supply chain from manufacturing facilities to retail locations.
"The acquisition of Vue Technology marks the next phase of Sensormatic's
strategy for providing layered technology at the retail selling floor," said
Scott Clements, Vice President of Sensormatic Solutions. "The complimentary
products, software and services offered by Vue Technology will provide
Sensormatic and ADT the most comprehensive solution set to maximize retail
store operations."
"For the past six years, Vue Technology has focused on providing retailers
with scalable, reliable and ROI-driven RFID solutions," said Robert Locke,
Chief Executive Officer of Vue Technology. "By bridging the gap between the
sales floor and the stockroom, this transaction will help to accelerate the
adoption of RFID technology to more efficiently manage in-store operations and
enhance the overall customer shopping experience."
Sensormatic, part of Tyco International, is the industry leading provider
of retail loss prevention solutions. The Sensormatic solutions portfolio is
sold through ADT and Tyco partners around the world.
ABOUT TYCO INTERNATIONAL
Tyco International (NYSE: TYC) is a diversified, global company that
provides vital products and services to customers in more than 60 countries.
Tyco is a leading provider of security products and services, fire protection
and detection products and services, valves and controls, and other industrial
products. Tyco had 2007 revenue of more than $18 billion and has 110,000
employees worldwide. More information on Tyco can be found at www.tyco.com.
ABOUT VUE TECHNOLOGY
Privately-held Vue Technology is the leading provider of item-level RFID
solutions, offering breakthrough RFID infrastructure components and a powerful
software suite that delivers the most scalable, reliable, and ROI-driven RFID
solutions on the market. Vue's TrueVUE(TM) RFID Platform provides the
industry's only unified RFID infrastructure that allows customers to manage
dock doors, portals, mobile devices, smart surfaces and smart shelves to
achieve RFID visibility down to the item-level.
SOURCE Tyco International Ltd.
http://www.tyco.com
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