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Tyco sells Southern African business and Johnson Controls merger approved

Tyco has signed a definitive agreement to sell its security business in South Africa, which operates locally under the ADT brand, to Fidelity Security Group for approximately ZAR 1.9 billion (USD 140 million).  

This comes the day after Tyco shareholders approved all matters related to the proposed merger with Johnson Controls at an extraordinary general meeting of shareholders held in Dublin.  Johnson Controls shareholders also voted to approve the merger at a special general meeting in Dallas. The merger is expected to be completed on Friday, Sept. 2, 2016.

Business News

How will Brexit affect the security industry?

As the United Kingdom starts to follow through with the necessary steps to leave the European Union (EU), there could be a number of consequences that filter through to security industry stakeholders. In theory, according to Jim Dearing of IHS Markit who has taken a look at the potential impact, in the short-term the market outlook for 2016 and 2017 should be relatively unaffected.

The U.K. has yet to activate Article 50, which instigates the formal procedure to leave the EU. Only the U.K. Prime Minister can invoke Article 50 to begin the negotiation process, which is expected to take around two years to complete.

Business News

ISO releases sector specific cyber security standards

With cyber threats on the rise putting businesses and industries at risk, it is more important than ever that organisations protect their information and that of their customers. As a consequence of this, the ISO and IEC standard for information security, ISO/IEC 27001, has become more widely used. A new standard just published will take that a step further, helping to apply the requirements of this flagship standard to specific sectors.

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