Two strategic acquisitions completed; third acquisition agreement signed over the past 12 months
NEUHAUSEN, Switzerland—January 14, 2016—Tyco Retail Solutions (www.tycoretailsolutions.com), part of Tyco International (NYSE: TYC), continues to execute its multi-year strategy to further expand its leadership position in inventory visibility, loss prevention and traffic intelligence solutions for the retail industry. Over the past 12 months, Tyco signed agreements to purchase three retail analytics companies that, when combined with Tyco’s existing security and store performance solutions, will offer retailers unprecedented insights into their operations.
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Last January, Tyco announced the addition of Creativesystems, a premier European provider of integrated RFID solutions and professional services. This acquisition further augmented the company’s ability to improve operational efficiency for retailers and manufacturers, and to address the rapidly evolving global demand for inventory intelligence applications.
FootFall, a retail intelligence company with principal operations in the United Kingdom, joined Tyco in July. FootFall manages more than 50,000 devices to collect, measure, and analyze customer traffic for thousands of retail stores and property owners across Europe, Asia Pacific, and North America. These insights enable retailers to optimize staffing, merchandising and store operations.
In December, Tyco entered into an agreement to acquire ShopperTrak, a leading global provider of retail consumer behavior insights and location-based analytics, headquartered in Chicago, Illinois. The closing of the ShopperTrak acquisition is expected in the first calendar quarter of 2016, following regulatory approvals. ShopperTrak delivers insights and benchmarks that help retailers analyze perimeter and in-store customer traffic and behavior, and measure performance in the context of the market.
“These investments represent an important step in delivering a full suite of innovative information-based solutions to help global store brands prepare for the future,” said Nancy Chisholm, President, Tyco Retail Solutions. “Tyco is responding to customer demands for timely, data driven offerings that power their growth strategies.”
The rate of change in the retail industry is unprecedented and continues to accelerate. Retailers from all sectors are seeking innovative, agile solutions to meet their evolving omni-channel needs and enable a differentiated customer experience. Retailers can optimize and redefine each step in the shopper experience using comprehensive, actionable insights into where customers are moving, how they are interacting with merchandise, and ultimately whether they decide to purchase. As a global industry and technology expert in loss prevention, inventory intelligence and retail traffic intelligence solutions, Tyco now offers retailers a unique combination of insights to make more informed decisions to improve their revenue and profitability.