Tyco International Announces Acquisition of Trident Tek, Inc. to Strengthen Its American Dynamics(TM) Portfolio
Video leader to offer one of industry's most intuitive network video management systems
PEMBROKE, Bermuda - November 13, 2007 - Tyco International (NYSE: TYC; BSX: TYC) today announced the acquisition of assets of Trident Tek, Inc., a leading developer of video surveillance solutions to strengthen its American Dynamics portfolio of video security technology and products. Privately-held Trident Tek has more than 20 years of experience in the security, storage and network industries, and brings extensive IT expertise to complement Tyco's leadership in the video surveillance industry.
Financial terms of the acquisition were not announced.
"We are strategically investing, through acquisitions and internal development, to extend our leadership in video surveillance into the rapidly growing IP market," said Don Lyman, vice president and general manager of access control and video systems. The acquired assets include Trident Tek's network video management system (NVMS) which utilizes an embedded Linux operating system based on a server-client architecture. The NVMS provides a robust, scalable and open IP-based platform, which can support over 128 cameras per server including megapixel IP cameras, standard IP cameras, and analog cameras with IP encoders. Using Linux turns an off-the-shelf server into a network appliance, which increases the ease of installation and lowers the cost of ownership.
"The Intellex® digital video management system, one of our core products for over 10 years, continues to gain market share with a large customer base," said Chuck Hutzler, vice president of R&D for American Dynamics video solutions. "Trident Tek's robust and scalable platform complements our own new VideoEdge(TM) IP products, maintains compatibility with our extensive existing base and puts us in an even stronger market position."
To provide flexibility and ease of use, Trident Tek developed this NVMS platform using IT standards and open source tools. The NVMS solution can be augmented with expandable external SCSI-attached storage, fiber-attached storage, or IP SAN storage.
"We are very excited to join the American Dynamics video systems team. American Dynamics is a leading brand in the video market with a powerful global sales and distribution channel," said Paul Zsebedics, CEO of Trident Tek, Inc. "With the convergence of physical and IT security, the combined organization establishes American Dynamics as one of the leading physical security manufacturers developing, marketing, and delivering IP solutions."
The current Trident Tek NVMS will be offered concurrently while serving as a base on which to develop the new VideoEdge NVMS. The VideoEdge NVMS will support multiple compression technologies including the patented American Dynamics Active Content Compression (ACC) which enables current Intellex customers globally to migrate to IP solutions while protecting their existing investment.
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 completed the spin-off of its healthcare and electronics businesses on June 29, 2007 and today has annual revenues of more than $18 billion and 110,000 employees. More information on Tyco can be found at www.tyco.com.
About American Dynamics(TM) video technologies
American Dynamics video technologies have earned a reputation for innovation and reliability around the globe. With pioneering breakthroughs in security technology, the American Dynamics brand has always been at the forefront of the industry with the most popular and easy to use digital video management system in the industry: Intellex. The American Dynamics portfolio also includes a comprehensive selection of domes, cameras, matrix switchers, keyboards, multiplexers, monitors, and video accessories- everything required for a complete, state of the art video surveillance system. With a powerful integration platform, American Dynamics solutions work seamlessly with Software House® and Kantech(TM) access control products, as well as other important business applications, to provide customers with greater ease of operation and faster access to the information they need in critical situations.
For more information on American Dynamics CCTV and video solutions, visit www.americandynamics.net
Contact Information:
Kim Carito
781-768-0176
Paul Fitzhenry
609-720-4261
