Tag: Paul Fitzhenry
AT&T enters security market, but can it become a billion-dollar business?
May 9, 2012Martha Entwistle
DALLAS—When AT&T announced on Monday that it will begin trials this summer of Digital Life, its home security/home automation service, here and in Atlanta, mainstream newspapers reported that the company was looking to potentially grow the service into a $1 billion business.Can the telecom giant do that? How long will it take?Security Systems News put that question to Michael Barnes, a partner in the consulting and advisory firm Barnes Associates, which specializes in the security alarm industry...
Tyco looks to acquire Visonic
June 21, 2011Martha Entwistle
BOCA RATON, Fla.—Tyco International, parent company of ADT, is in talks to acquire security product manufacturer Visonic, which is based in Tel Aviv, Israel.
“I can confirm that we're in discussion with Visonic and that may or may not lead to definitive transaction,” Tyco spokesman Paul FitzHenry told Security Systems News on June 21. He declined further comment.
News of the deal surfaced today in a report, published by Israel-based new outlet domain-b.
The report cites a Visonic...
Schneider said to mull bid for Tyco
April 12, 2011Martha Entwistle
PARIS—Schneider Electric, based here, is working with bankers to assess a bid for Tyco International, according to an April 11 Bloomberg report, which cited “three people with knowledge of the matter.”
Tyco spokesman Paul Fitzhenry declined comment, and a spokesperson for Schneider Electric on April 13 issued a statement saying it is not currenlty in talks with Tyco regarding a potential strategic transaction between the two companies.
The deal is in the early stages and is not...