According to the Tampa Bay Times, the city received proposals from IBM, Aware Digital, ADT Security Services, Total Recall Corp.
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Snyder was the president of ADT Security Services , a subsidiary of Tyco International (nyse: TYC - news - people ), for the past nine years.
Hoyos got his boot in the door at BofA in March 2007, when reps from adt, the security company now part of Tyco International, spotted Hoyos' exhibit at a conference in Las Vegas. adt later enticed representatives from its clients, including Goldman Sachs, American Express and BofA, to Global's workshop in New York.
Tyco (NYSE:TYC) spun off its ADT Corp. (NYSE: ADT) alarm security business as a separate public company on October 2 after selling its pipe and valve business earlier this year to pump maker Pentair.
As a publicly traded pure play in residential security, ADT has an advantage in its recognizable brand, its dominant share and cash-flow-rich economics similar to those of cable television.
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In 2007, I contracted with ADT to install a home security system and monthly burglary and fire monitoring.
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To Gursahaney what he saw tucked deep inside giant Tyco was the perfect business for the post 9-11 environment: an aging population in an increasingly unsafe world and a highly fragmented home security business that ADT already dominated.
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Security giant Tyco International, which makes the ubiquitous ADT alarm systems, on Tuesday predicted a gloomy outlook for the security industry and reduced its 2009 earnings estimates.
Investors in iControl include ADT, Charles River Ventures, Cisco, Comcast Interactive Capital, GE Security, Intel Capital and the Kleiner Perkins Caufield and Byers iFund.
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