Tyco's (TYC) GCOE to Improve Enterprise Efficiency
Security and protection services provider Tyco International Ltd. TYC recently announced the expansion of its Global Center of Excellence Network (GCOE), which helps diverse companies to streamline and standardize their fire and security systems globally.
The company has been on an expansion spree with its first facility opened in Denver this year and Santiago, Chile scheduled to open in the later half of this year. Also, the company plans to open additional facilities in the coming two years in Asia, specifically in India.
This GCOE develops technical specifications and work plans that are likely to provide high-quality fire and security installations globally. It helps to minimize risks and automate efficiencies backed by Tyco’s technology expertise, thus helping customers to focus on innovative solutions. The network's global business management system helps the GCOEs to work together seamlessly, sharing talents and workloads across locations for enhanced customer experience.
The GCOE is likely to improve the enterprise efficiency standards with a wide range of talented individuals, including certified design engineers who design and manage the deployment of global fire and security standards.
Tyco provides the latest fire protection and security products and services to more than three million customers across the globe. The company has more than 57,000 employees in over 900 locations serving various end markets, including commercial, institutional, governmental, retail, industrial and energy, residential and small businesses.
Tyco currently has a Zacks Rank #3 (Hold). Other stocks that look promising in the industry include Lakeland Industries Inc. LAKE and Napco Security Technologies, Inc. NSSC, carrying a Zacks Rank #1 (Strong Buy) and Net 1 Ueps Technologies Inc UEPS, carrying a Zacks Rank #2 (Buy).
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