Wednesday, October 8, 2008
Vue Technology Acquired by Tyco
Lake Forest-based Vue Technology, a provider of radio frequency identification (RFID) technology, has been acquired by Tyco International Ltd., Tyco said Tuesday. Tyco said it will pay approximately $43M for Vue Technology, which develops RFID technology used for tracking inventory and the supply chain. Vue Technology will become part of Tyco's Sensormatic business. Vue has previously raised funding from Canaan Partners, MeadWestvaco, and Partech International. The firm was originally a spinout from MeadWestvaco, and started as Intelligent Systems.