Mergers & Acquisitions
Original Press Release
Tyco Security Products Acquires Innometriks
Press release date: December 16, 2016
Deal strengthens TSP’s Solutions in the Government Market
WESTFORD, Mass. May 16, 2016 –– Tyco Security Products announced today it has acquired substantially all of the assets of Innometriks and 2DogsStudios, developers of high assurance readers, software and mobile solutions for FIPS-201 (Federal Information Processing Standard) smart card credentials.
This acquisition strengthens Tyco Security Products’ position in the federal market by adding the Innometriks team’s open, seamless high-assurance solution integrated directly into Tyco Security Products’ Software House C•CURE 9000 access control and security management ecosystem, as well as enabling the ability to integrate with systems from other manufacturers. This is achieved with an open architecture that moves government credential authentication directly into the physical access panel, and leveraging OSDP (Open Supervised Device Protocol) capable readers. These combined technologies will become part of Tyco Security Products’ access control solution portfolio.
Based in Oceanside, Calif., the Innometriks team provides the market leading solution for FICAM (Federal Identity, Credential and Access Management) with an open standards approach that brings benefits to the U.S. Federal government. Founded eight years ago, the company is also known for its fingerprint biometric readers and deep integration into physical access systems.
“We are very excited to be joining the Tyco family,” says John Cassise, CEO of Innometriks, Inc. “Tyco Security Products’ leadership position in the access control market allows us access to expanded financial resources and channel reach. This will accelerate the momentum we’ve been building over the past three years, and brings full value to the investment the government has made in smart card based credentials.”
“The combination of Tyco Security Products and Innometriks creates an offering that is fast, open, modular, and cost effective,” said Jason Ouellette, Product Line Director, Access Control, Tyco Security Products. “The benefits of this acquisition not only extend to the government market, but also to commercial customers who require high assurance access control systems.”
For more information about Tyco Security Products, please visit www.tycosecurityproducts.in
About Tyco Security Products
Tyco Security Products is a unified group of the most comprehensive world-leading premium access control, video, location-based tracking and intrusion solutions in the security industry. Tyco Security Products conducts business in over 177 countries around the world, in multiple languages and employs over 2,800 employees globally, including research and development, marketing, manufacturing, sales, service and logistics teams in the Americas, Europe, the Middle East, Africa, and Asia Pacific. Our products, built by developers from all product disciplines, consistently allow customers to see more, do more, and save more across multiple industries and segments including healthcare, government, transportation, finance, retail, commercial and residential. Worldwide, Tyco Security Products helps protect 42% of Fortune 500 companies, transportation systems on five continents, 37% of the world’s top 100 retailers, over two million commercial enterprises, thousands of students in more than 900 educational facilities, and over five million private residences.
Tyco is the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. Tyco has over 57,000 employees in more than 900 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit www.tyco.com
Please visit www.tycosecurityproducts.in
+91 80 4052 7000