NEUHAUSEN, Switzerland—In what Tyco Security Products’ director of product management Steve Carney called a “perfect fit,” Tyco announced July 29 that it has completed the acquisition of VMS provider Exacq Technologies for $150 million in cash.
SAN DIEGO—Wireless surveillance provider MicroPower Technologies announced today that it has a new $5.7 million round of equity financing, which it will use for R&D and to expand into more vertical markets.
IRVINE, Calif.—HID believes that waving your hand in a unique pattern will be another way to increase the security of a smart card or smartphone used for access control in the future, and it announced July 9 several new patents for gesture-based methods of authentication.
SWORDS, Ireland—Ingersoll Rand, which previously said it planned to spin off its security products business at some point this year, today announced that Allegion will be the name of the new company and that it will have revenues of $2.05 billion.
LONDON—Since 2004, the first year of IHS’ VMS rankings, Copenhagen-based Milestone has had a monopoly on the top spot. Nine years later, the company still has the top spot, but it now has to share it with Genetec, a Montreal-based vendor.
VANCOUVER—In a $17 million cash purchase, high-definition surveillance provider Avigilon Corp. on May 30 announced it acquired privately held RedCloud Security, a provider of Web-based physical and virtual access control systems.