ADT 2009 Annual Report Download - page 94

History and Development
Tyco International Ltd.
Tyco International Ltd. is a Company organized under the laws of Switzerland. The Company was
created as a result of the July 1997 acquisition of Tyco International Ltd., a Massachusetts corporation,
by ADT Limited, a public company organized under the laws of Bermuda, at which time ADT Limited
changed its name to Tyco International Ltd. Effective March 17, 2009, following shareholder and Board
of Director approval on March 12, 2009, the Company ceased to exist as a Bermuda corporation and
continued its existence as a Swiss corporation under articles 620 et seq. of the Swiss Code of
Obligations (the ‘‘Change of Domicile’’). Effective June 29, 2007, Tyco International Ltd. completed the
spin-offs of Covidien and Tyco Electronics, formerly our Healthcare and Electronics businesses,
respectively, into separate, publicly traded companies (the ‘‘Separation’’) in the form of a distribution
to Tyco shareholders. As a result of the Separation, the operations of Tyco’s former Healthcare and
Electronics businesses have been classified as discontinued operations in all periods prior to the
Separation.
Tyco’s registered and principal office is located at Freier Platz 10, CH-8200 Schaffhausen,
Switzerland. Its management office in the United States is located at 9 Roszel Road, Princeton, New
Jersey 08540.
Segments
See Note 20 to the Consolidated Financial Statements for certain segment and geographic financial
data relating to our business.
ADT Worldwide
Our ADT Worldwide segment designs, sells, installs, services and monitors electronic security
systems for residential, commercial, education, governmental and industrial customers around the
world. We are one of the world’s largest providers of electronic security systems and services. We have
a significant market presence in North and South America, Europe and the Asia-Pacific region. With
2009 net revenue of $7.0 billion, our ADT Worldwide segment comprises 41% of our consolidated net
revenue. In 2008 and 2007, net revenue totaled $7.7 billion, or 39%, of our consolidated net revenue
and $7.3 billion, or 40%, of our consolidated net revenue, respectively.
Services and Products
ADT Worldwide supplies and installs electronic security systems to the residential, commercial,
education, governmental and industrial markets. We also provide electronic security services, including
monitoring of burglar alarms, fire alarms and other life safety conditions as well as maintenance of
electronic security systems. A significant portion of the components used in our electronic security
systems are manufactured by our Safety Products segment.
Our electronic security systems business involves the installation and use of security systems
designed to detect intrusion, control access and react to movement, fire, smoke, flooding,
environmental conditions, industrial processes and other hazards. These electronic security systems
include detection devices that are usually connected to a monitoring center that receives and records
alarm signals and highly skilled security monitoring specialists that verify alarm conditions and initiate a
range of response scenarios. For most systems, control panels identify the nature of the alarm and the
areas where a sensor was triggered. Our other solutions include: access control systems for sensitive
areas such as offices or banks; video surveillance systems designed to deter theft and fraud and help
protect employees and customers; and asset protection and security management systems designed to
monitor and protect physical assets as well as proprietary electronic data. Our offerings also include
2 2009 Financials