Acquisition of Broadview Security
In early 2010, Tyco International announced that it was acquiring Brink's Home Security Holdings, (operating as Broadview Security) and was merging the company with its ADT brand name in a transaction valued at $2.0 billion. The transaction, which was finalized and closed mid 2010, combined the #1 and #2 security companies in North America, adding Broadview's 1.3 million customer accounts and $565 million in annual recurring revenue to ADT's existing customer base of 7.4 million accounts and $7 billion in annual recurring revenue.
Read more about this topic: The ADT Corporation
Famous quotes containing the words acquisition of, acquisition and/or security:
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