Simplifying the inventory process, Vue's software platform enables efficient and effective inventory cycle counts to ensure accuracy. 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.

Historically, retailers have experienced challenges with tracking in-store inventories. According to the January 2008 IHL/RIS News Store Systems Study, out-of-stocks alone may contribute up to USD 93 billion of lost revenue for retailers, higher operational costs, and an erosion of customer service. Vue has significant market traction with leading retailers worldwide, enabling customers to achieve up to 99 percent sales floor inventory availability and an increase in same store sales of up to 25 percent in recent applications.

"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," said 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. Sensormatic is focused on lowering the cost and complexity of implementing item-level RFID solutions."

With Sensormatic's RFID platforms, Vue's comprehensive software platform and networking products, ADT's global sales and service capabilities, and Vue's network of integration partners, retailers will be able to reap the benefits of increased data integrity at the item level and more accurately track items from the stock room to the sales floor to the point-of-sale using innovative multi-sensor technologies.

"For the past six years, Vue Technology has focused on delivering to retailers the most scalable, reliable and ROI-driven RFID solutions on the market," said Robert Locke, chief executive officer, Vue Technology. "We believe this acquisition will help to accelerate the adoption of item-level RFID technology to offer retailers greater visibility throughout the retail environment, helping them drive increased profitability and revenues. Vue gains access to Sensormatic's product development resources and Tyco's global delivery capabilities. Additionally, Vue will benefit from the growing Sensormatic portfolio of smart sensor technologies."