Tyco International recently announced that it has completed its previously announced acquisition of ShopperTrak, a Chicago-based leading global provider of analytics for the retail industry, for approximately $175 million in cash.
ShopperTrak’s solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking. Combining these capabilities with its existing loss prevention, inventory intelligence and retail traffic analytics solutions, Tyco now offers retailers a unique combination of insights that they can use to make more informed decisions to improve their revenue and profitability.
ShopperTrak currently generates approximately $75 million of annual revenue. The financial results of this business will be reported within both the North America and Rest of World Integrated Solutions and Services segments.