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Tyco International

ADT’s new hire to focus on technologies of the future

‘Cable guy’ Arthur Orduña says his goal as chief innovation officer is to help ADT succeed as an independent company
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10/24/2012

BOCA RATON, Fla.—The new stand-alone ADT’s announcement this week that it has hired cable industry veteran Arthur Orduña has the blogosphere speculating that ADT is adding a “cable guy” to make it more “cable-friendly” and ready for acquisition by a telecom or cable comp

ADT's new hire to create 'a culture of innovation'

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Monday, October 22, 2012

The new ADT has just created a new position—that of chief innovation officer—and today announced that Arthur Orduña has been appointed as the new CIO. He’ll report directly to ADT CEO Naren Gursahaney, the company said.

Here’s more from a news release from The ADT Corp., which is based in Boca Raton, Fla. and is newly independent after splitting off from Tyco International:
 

Mr. Orduña will be responsible for technology vision and strategy across the entire company. He will create a strategic roadmap for the full lifecycle of new and existing solutions; help define future solution and product architecture and functionality; and strengthen ADT’s relationships with key technology companies to position the company as a partner of choice.

 “Arthur brings a fresh perspective and deep technology and product management expertise to ADT’s bench of senior talent. He will play an integral role in spearheading the long-term vision for our portfolio and creating a culture of innovation at ADT," [CEO Naren Gursahaney said in a prepared statement.]

Mr. Orduña, 47, recently served as a consultant to PayPal, a division of eBay Inc., in a business development role in their Emerging Opportunities group. Prior to this, Mr. Orduña spent several years as the chief product officer and chief technology officer at Canoe Ventures, an advertising technology company founded by the top six U.S. cable companies that provide software and services to national television programming networks. Mr. Orduña has also served as senior vice president of policy and product at Bright House Networks where he was responsible for all new video, broadband, voice, and wireless product development and deployment. He has previously held senior roles at Vivendi-Universal and Integrated Systems Inc. A former dramatist and journalist, Mr. Orduña received a B.A. degree from Cornell University.

 

ADT wins public grant to aid in job growth

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Wednesday, October 17, 2012

The ADT Corp., the newly independent company created by the recent breakup of Tyco International, appears on its way to a public-private partnership in Florida that would result in ADT adding more than 100 new jobs.

Palm Beach County yesterday approved giving ADT a grant of $184,000 in return for the Boca Raton, Fla.-based company creating 120 new jobs and retaining 260 jobs at its headquarters, according to the South Florida Sun Sentinel newspaper.

The county approval is just one step in the process. “The proposal also calls for ADT to get $184,000 form Boca Raton and about $1.3 million from the state,” according to the newspaper.

Sarah Cohn, ADT director of media relations, noted that the proposal is not finalized because the state still needs to sign off on it.

The proposed 120 jobs would be “a mixture of all different types of corporate positions,” she said.

Why is ADT, a leading home security company with some 16,000 employees and about $3 billion in sales each year, seeking such taxpayer-funded incentives?

Cohn told me that seeking such incentives is “normal practice” for a lot of companies. “Many state and local governments seek to incentivize companies to stay in their areas," she said.

Indeed, ADT, which began trading on the New York Stock Exchange on Oct. 1, was just one of three companies that county commissioners unanimously approved to receive such incentives, according to the article in the Sun Sentinel. Aerospace company Pratt & Whitney and Digital Risk, a financial services company, each was approved for $300,000 in county grants and millions more in state and city funding to create jobs, the newspaper said.

The Sun Sentinel noted that there has been criticism about investing taxpayer dollars in private companies, but that county officials said creating jobs makes the investment worthwhile.

The newspaper quotes County Commission Chairwoman Shelley Vana as saying: "We are competing with a lot of other places for jobs. We are going to be smart about how we do it.”

Wall Street likes the new ADT

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Tuesday, October 2, 2012

Yesterday marked the first day of trading on the New York Stock Exchange for The ADT Corp., the new name for independent ADT post its split with Tyco International. It did well on the market, according to news reports.

Here’s more from Dow Jones Newswires:
 

Tyco International Ltd (TYC) and spinoff [The] ADT Corp. (ADT) received warm receptions from the market during their first day of trading as slimmed-down companies focused on different parts of the market for building security and safety.

Fire-protection-and-suppression equipment manufacturer Tyco on Monday closed up 3.1% at $28.50 a share. Meanwhile, home-security-monitoring service ADT finished up 3.5% at $37.27 a share after being lower for the first half of Monday's trading session. Analysts said ADT's performance reflected investors' cautiousness about assigning a price to a company with no natural market peers.

"The shareholder profiles for these two companies are quite different," said Nicholas Heymann, an analyst for Robert W. Baird. "You've got a cyclical growth stock [in Tyco] and basically an industrial utility stock" in ADT.

Tyco, which has its headquarters in Switzerland, was once one of the world's largest industrial conglomerates. It grew over years of accelerated purchasing under former CEO L. Dennis Kozlowski, who was convicted in 2005 of larceny, securities fraud and falsifying business records stemming from schemes that allowed him to reap hundreds of millions of dollars from Tyco and its stock to support his lavish lifestyle.

Edward Breen, who replaced Mr. Kozlowski in 2002, has spent the past 10 years methodically shrinking Tyco by selling dozens of businesses and spinning off parts of the company to shareholders as stand-alone companies.

A year ago, Tyco announced plans to further dismantle the company by spinning off ADT and the company's pipe and valve business as new public companies. The pipe and valve business merged earlier this year with pump maker Pentair Ltd. (PNR), leaving Tyco and ADT as the remaining pieces of the company in the breakup.

Tyco's focus is limited to fire-protection systems and equipment used in commercial buildings and institutions such as college campuses. Its Simplex Grinnell brand of sprinklers, fire-detection sensors and video-monitoring service are market leaders.

Read more: http://www.foxbusiness.com/news/2012/10/01/tyco-ad...

 

ADT set to 'go it alone'

CEO of The ADT Corp. squelches rumors new entity will be takeover target
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09/18/2012

BOCA RATON, Fla.—Tyco International shareholders voted Monday to approve splitting Tyco into three separate companies—one of them ADT, another a commercial fire and security business, and the third a flow control unit. ADT officials say they’re eager to see ADT become a stand-alone company, providing security and interactive services to residences and small businesses and focused on innovation and growth.

Tyco sets stock distribution date for ADT split

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Friday, September 7, 2012

The big development we’re all awaiting in the industry is ADT parent company Tyco International’s split into three independently traded companies as of Oct. 1: The ADT Corp., Tyco Fire and Security and Tyco Flow Control International, which will be renamed Pentair Ltd.

In advance of the split, Tyco put out a news release this week announcing that Sept. 28 will be the date that distributions of equity interests in The ADT Corp. and Flow Control will be made to shareholders. Those two companies “are the two wholly-owned subsidiaries formed to hold Tyco's North American residential and small business security and flow control businesses,” the company said the Sept. 6 release.

Switzerland-based Tyco said the payment date is dependent on shareholder approval, to be obtained at a special meeting slated for Sept. 14, and other conditions. The distribution will be made to shareholders of record as of Sept. 17, Tyco announced.

As the company previously has said, Flow Control will merge with Pentair, Inc. immediately after the distribution. Tyco added, “Prior to the distribution and the merger, Flow Control will be renamed Pentair Ltd.”

Tyco said it “currently has approximately 462 million basic shares outstanding.” Based on distribution ratios, the company said, “approximately 231 million shares of ADT common stock and 111 million shares of Flow Control common stock will be distributed to Tyco shareholders.”

ADT has filed an application to list its common stock on the New York Stock Exchange under the trading symbol “ADT,” Tyco said. Flow Control's common stock will be listed on the New York Stock Exchange under Pentair's current trading symbol, “PNR.”

For more details, check out:
http://www.heraldonline.com/2012/09/06/4241903/tyc...

First day at NFPA: SimplexGrinnell and Tyco split; Siemens guarantees no false alarms; and social media ROI

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Wednesday, June 13, 2012

How the Tyco International split this fall will benefit SimplexGrinnell; Siemens’ no-false-alarm guarantee; and how to maximize your ROI using social media are among things I learned about at my first day here at the annual NFPA Conference & Expo, being held in Las Vegas this week.

I started Tuesday morning at a pre-show reception where SimplexGrinnell president Bob Chauvin talked about Tyco International’s pending split into three publicly traded companies Oct. 1. The new companies will be ADT North America residential security business, Tyco Fire and Security, and Flow Control.

SimplexGrinnell, a Tyco International company, will be part of Tyco Fire and Security, “a global, mostly commercially-focused fire and security company,” Chauvin said.

“I think for us and for the life safety industry it means some very positive things,” Chauvin said. “What one is that we’ll be the only pure-play company that is singularly focused on the commercial fire and security business globally. Many play there, but I like to call it the privilege-of-focus opportunity: We have the opportunity to uniquely focus just in the life safety and security business.”

Secondly, he said, “SimplexGrinnell will be a significant part of this new company,” which he said is expected to do about $10 billion in sales, have almost 70,000 employees in about 1,200 locations and serve about 100 countries.”

Chauvin said he was excited and predicted that “our business will thrive with the change.”

SimplexGrinnell also was touting its eservices platform at the show, which it described as an “advanced suite of integrated web-based technologies can provide more value to customers through improved efficiency, added productivity, and lower life-cycle costs.”

Over at the Siemens booth, that company was promoting its long history of innovative technologies and its no-false-alarm guarantee.

Ron Ouimette, a Siemens product manager, said Siemens believes it is “the only company in the industry that offers a no-false-alarm guarantee. If trucks are rolling and there’s no fire, we pay.”

Company officials said the company has had that policy since 1997 because Siemens is so confident in the quality of its products.

Among the products the company is promoting at the show is its new ASAtechnology. ASA stands for Advanced Signal Analysis and its fire and fire and carbon monoxide detectors use “state-of-the-art forward/backward light scattering technology,” the company said.

The detectors also have two thermal and two optical sensors. All those features, combined with a built-in algorithm that allows for detection profiles that can be easily tailored for spaces as diverse as an office and an industrial warehouse give them very fast, reliable detection capabilities, the company said.

I also attended an educational seminar titled “Taking Your Social Media Presence to the Next Level.” It featured Lauren Backstrom, NFPA social media manager, and Michael Hazell, division manager, Web, for NFPA.

Among the surprising things I learned is that baby boomers aren’t as social media averse as we’re often made out to be. Backstrom said that while 89 percent of the members of Gen Y use social networking, and 79 percent of Gen X use social networking, baby boomers aren’t too far behind at 72 percent.

In fact, Backstrom said that boomers are “the fastest growing adopters of social media at this point.”

That’s something to think about when figuring out what customer bases you want to reach through social media.

ADT enhances Pulse with new Home View application

New software allows Pulse customers to remotely interact with home devices via personalized floor plan
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06/06/2012

BOCA RATON, Fla.—A new free feature for ADT Pulse enables customers to create a virtual floor plan of their home to control smart-home devices through a mobile device or on the Web.

ASIS 2011: News and notes from the show floor

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09/22/2011

ORLANDO, Fla.—There was plenty of news being made at ASIS 2011, which took place at the Orange County Convention Center Sept. 19-21. Below are some editor round-ups from ventured out onto the show floor to collect news and other goings-on.

iControl gets $50m

Funds will speed up availability of platform, energy management apps
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06/23/2011

PALO ALTO, Calif.—IControl co-CEOs Jim Johnson and Paul Dawes said they were originally looking for a $30 million investment, but there was so much interest that they got $50 million. They even turned away some investors whose interests didn’t align with iControl’s strategy, they said.

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