Sensormatic Acquires Vue Technology
BOCA RATON, Fla.
Sensormatic Electronics Corp., a Tyco Int’l company, has acquired Vue Technology Inc., a provider of RFID software and infrastructure solutions, for approximately $43 million.
Privately-held Vue Technology’s item-level RFID technology is designed to provide retailers with greater inventory visibility and accuracy by tracking individual items throughout the supply chain from manufacturing facilities to retail locations.
The integration of Vue’s RFID infrastructure into Sensormatic’s portfolio of loss prevention hardware solutions and other sensor technologies will enable retailers to deploy RFID at the store level to gain better control, security and visibility into their inventories and increase operational efficiencies.
“The acquisition of Vue Technology builds on Sensormatic’s strategy for providing customer benefits such as greater product availability, accurate replenishments and effective inventory cycle counting at the retail selling floor,” says Scott Clements, vice president and general manager, Sensormatic. “Sensormatic is known as a company that helps retailers reduce theft losses. Now we can help retailers address their biggest form of loss – lost sales due to inventory inaccuracies.”
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!