Johnson Controls has announced it has acquired the remaining stake of Qolsys Inc., a globally renowned residential and commercial security and smart-home manufacturer, after owning a majority stake in the company since 2014. Smart building solutions expert Qolsys enhances Johnson Controls global innovation platform, delivering next generation security and smart building solutions. The Qolsys founders and leadership team will remain in Silicon Valley (San Jose, California), assuming key roles in Johnson Controls’ global intrusion business. Qolsys enhances Johnson Controls global innovation platform, delivering next-gen smart building solutions Johnson Controls continues in its mission to deliver smarter, safer, more intelligent and connected buildings, by deploying emerging technologies, such as embedded IP, artificial intelligence and machine learning through state-of-the-art solutions and partnerships. Johnson Controls is at the forefront of fundamental transformation of how spaces and places are perceived and enjoyed by balancing and responding to the flow of information, services and people that occupy buildings. OpenBlue digital platforms By applying data from both inside and outside buildings, Johnson Controls’ OpenBlue digital platforms empower customers to manage operations, while delivering safety and security in dynamic and agile environments. "Qolsys has grown from a startup to a renowned security platform provider with over 4,000 dealers and service providers worldwide. Johnson Controls sees long-term opportunities to bring Silicon Valley innovation and culture to our broader cloud-enabled IoT solutions in building management, fire and HVAC businesses," said Jeff Williams, President of Global Products, Johnson Controls. "The opportunity to acquire Qolsys allows Johnson Controls to achieve operational efficiencies and scale across our global markets, while further enhancing the suite of products and services offered on our digital platform, OpenBlue." IQ Panel 2 Plus and peripherals The award-winning IQ Panel 2 Plus and peripherals have driven explosive growth in North America and across the globe with future-proof features, supported by over-the-air software updates, built-in panel camera, Bluetooth disarming and innovative installation, and diagnostic tools to reduce costs and increase user engagement and satisfaction. Qolsys continues to show consistent growth of services and dealers, which led to US$ 150 million in revenues during fiscal year 2019. "As the world becomes more connected and the innovation curve continues to ramp at unprecedented speed, we are excited to join Johnson Controls," said Dave Pulling, Qolsys Chief Executive Officer (CEO). Dave will be occupying the post of Vice President and General Manager of the global intrusion products business for Johnson Controls, which had US$ 500 million in revenue in fiscal year 2019. Advanced cloud-enabled solutions firm This is a major milestone in our 10-year journey to disrupt and transform the security industry" Dave adds, "We are committed to our customers in the security channel while continuing to invest in our roadmap and emerging verticals around the globe. This is a major milestone in our 10-year journey to disrupt and transform the security industry with advanced cloud-enabled solutions that transcend traditional intrusion offerings including advanced automation, energy management, apartment management, building management and wellness for aging in place." The combined volume of Qolsys, DSC, Bentel, Visonic - PowerG and Tyco products positions Johnson Controls as the market share major in advanced security solutions worldwide. IQ Hub, Panel, Water and Router products Qolsys recently announced roadmap products, including the IQ Hub, a lower-priced, third-generation IQ Panel; the IQ Router, a next-generation mesh networking solution to elegantly address the rapidly complex connected home; IQ Water, a connected water shut-off valve designed for mass market retrofit and a fourth generation IQ Panel due in 2021 with Qualcomm chipset supporting AI, M2M and next generation connectivity. Johnson Controls will offer Qolsys products throughout global markets. The IQ Panel 2 Plus and a full line of security and home automation devices are available from authorized Qolsys distributors.
Johnson Controls and Tyco will function independently up till the close of merger around Oct. 1, 2016 Johnson Controls and Tyco International has announced the senior executive team that will lead the combined company following the close of their planned merger, which is expected on or around Oct. 1, 2016. New Roles As previously announced, at the effective time of the merger, Johnson Controls Chairman and Chief Executive Officer Alex Molinaroli will be appointed to the same role for the combined company. Tyco Chief Executive Officer George Oliver will serve as President and Chief Operating Officer, with responsibility for the operating businesses and leading the integration, and will become a director on the new company's board. Mr. Molinaroli will serve as Chairman and Chief Executive Officer for 18 months after the closing. At that time, Mr. Oliver will become Chief Executive Officer and Mr. Molinaroli will become Executive Chair for one year, after which Mr. Oliver will become Chairman and Chief Executive Officer. "We are pleased to reach this major milestone on our journey to bring two great companies together to create a global leader in building products and technology, integrated solutions and energy storage," said Mr. Molinaroli. "This team of talented executives will ensure the combined company continues to thrive, grow and create unique value for our customers and shareholders. We are looking forward to bringing our complementary capabilities together to turn the possibilities for smart buildings and urban environments into reality around the world." Corporate Executive Officers "We are looking forward tobringing our complementarycapabilities together to turnthe possibilities for smartbuildings and urban environmentsinto reality around the world" In addition to Mr. Oliver, upon completion of the merger the following enterprise leaders will report to Mr. Molinaroli: Grady Crosby will serve as Vice President, Public Affairs & Chief Diversity Officer – currently holds the same role with Johnson Controls Simon Davis will serve as Vice President & Chief Human Resources Officer – currently holds the same role with Johnson Controls Kim Metcalf-Kupres will serve as Vice President & Chief Marketing Officer – currently holds the same role with Johnson Controls Judy Reinsdorf will serve as Executive Vice President & general counsel – currently holds the same role with Tyco John Repko will serve as Vice President & Chief Information Officer – currently Chief Information Officer & Enterprise Transformation Leader with Tyco Brian Stief will serve as Executive Vice President & Chief Financial Officer – currently holds the same role with Johnson Controls Jeff Williams will serve as Vice President, Operations & Engineering – currently holds the same role with Johnson Controls Business Leaders Upon completion of the merger, the following business leaders will report to Mr. Oliver: Bill Jackson, Executive Vice President & President, Building Efficiency Trent Nevill, Vice President & President, Asia Pacific Colleen Repplier, President, Fire Protection Products Girish Rishi, Executive Vice President, North America Integrated Solutions & Services and Tyco Retail Solutions Mike Ryan, President, Security Products and Life Safety Products Johan Pfeiffer, Executive Vice President, Rest of World Integrated Solutions & Services Joe Walicki, Vice President & President, Power Solutions Until the close of the transaction, Johnson Controls and Tyco will continue to operate independently under their current leadership structures.
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