UTC Really Screwed Up The Interlogix Shut Down

By: John Honovich, Published on Sep 27, 2019

UTC has made many mistakes in security over the years, however, the shutting down of Interlogix is one of the biggest screwups in industry history.

Interlogix has lots of problems, significantly the fault of UTC, but the errors that UTC has made in this process has made them far worse.

Inside this note, we examine:

  • Why UTC did not shop this around
  • Why UTC should have shopped Interlogix
  • Why the tax savings speculation is not sensible
  • How much ill will this has engendered
  • What risks this now poses for Lenel / S2

*** *** **** **** mistakes ** ******** **** the *****, *******, *** shutting **** ** ********** is *** ** *** biggest ******** ** ******** history.

********** *** **** ** problems, ************* *** ***** of ***, *** *** errors **** *** *** made ** **** ******* has **** **** *** worse.

****** **** ****, ** examine:

  • *** *** *** *** shop **** ******
  • *** *** ****** **** shopped **********
  • *** *** *** ******* speculation ** *** ********
  • *** **** *** **** this *** **********
  • **** ***** **** *** poses *** ***** / S2

[***************]

No ********

********** *** *** ******* by ***, ********* ** various ********** ** ***** companies *** ********* ******** and **** **** ********* that ***** **** ****.

*** ****** ******* ** to ******* * **** of ********* ****** *** see *** ** **********. For *******, ****** ******** was **** ** ********,******** ***** ********* ** bidders** *** ** **** were **********. *** ******** **** ***** *** for **** * **** before **** **** *********** * **** **** their ******* *** ******. Unlike ******* * *****, it ** ***** ******* how **** ****** **** pay *** * ********, so **** ******** ******* is ****** ******** *** information ********* *** ********** value.

** ********, *** ****** contacted *** ** ** buyers ****** ******** ** this '**** ****'.

Buyers *******

**** ***** **** * problem *** *** ** that ******* ********** **** IPVM **** ***** **** been ********** ** ****** Interlogix. **** ** *** to *** **** ********** is * ***** ********. Industry ****** ********** *** decline *** ********** *** it ** ***** ***** more **** ******** ** down. ** ** ********* believable ***** ** *** last **** ****** **** money ** *** ******** ** ***************. **** **** ***** 2 *********, **** ** there ** ** **** chance ** ****** *** companies ** ***** **** times, ***** ** ******* a ****** *** *** businesses ** ** ******** and ******** * ******** return *** ******.

Tax ******* ***********

** ********** *********** *******************:

* *******, *******, **** the ********* **** **** decided ** ******* ********** will ** ******** **** promotions ** ***** ******** units ****** *** *** universe, ******* ****-*** ******* and *** ******* **** seesignificant *** ******* ** ******** **** ***** ** *** *** ** *** ****. [emphasis added]

**** ***** ** *** the ***** ** ***** a '**** ****' ********* severances *** ********* *** the ******* ***** **** it ****** *** ***** very ****. ********, ** they **** ********** *** $1, **** ***** ***** get *** *** ******* without *** ******** ** 'winding ****' **** ********.

*** ** ***** *** but *** **** **** badly ***?

Ill **** **********

*** *** ****** ** sell ********** *** ** unclear *** **** ** very ***** ** **** it *** ********** **** ill ****. ********* ***** employees *** *****, ***** customers *** *****, *** general ******** **** **** as ********* ** ****, stupid ** *****.

***** ** * **** cost ** ****, ** it **** ****** **** business ******'* ******** *** willingness ** ** ******** with *** ** *** future.

Lenel / ** ******

*** **** ***** ** Lenel *** **, *** remaining ***** ******** ******** assets *** ***.

*** ******** **** **, by *** ********, ***** companies *** ***** ****** for ***, ** **** as *** ** *** is, ** ** **** to *** *** '*******' them '****'. *** ***** they ***** ***** **** up?

*** ******* ** ***** for ***** (*********** ******** *****, ***** Does *** ****,***** **-* *********** *******, ***.). ***** *** so ********** ********** * ****** ********** S2*** *** ********. *** UTC ********** ** ** ********** access ******** ****** - recall **** *****.

*****, **** **** ** is *********.

*******, ** ** ** longer **** ***, **** it **** ** *******, as *** ******* ****-*** continues. *** ******* ** the ****-**********:

** ********* ******* (**********) does *** *** **** into ** **** ******* but **** * ********* access ******* ******* *** any ******?

Comments (32)

****, *** *****'* **** about *** ******** ******** because*** ** ******* *** of *** ******** ********.

****** ************, *** ** the ******* ********** ********* in *** ***** *** worth **** **** $*** billion, ** ********** * massive **************. ** ***** to ***** **** ***** companies: *** ******* ** aerospace, *** ******* ***-************, and * ***** ******* elevators. ***** ****’* ****, its ********* ******** ***** to ***** **** ********.

** ***** *****, ********** (and *****) ** ******* but * *********** *** a ************ *** *** right ***.

* *** ** ** customers **** * ***** base ** ***** ********* installed, *** **** **** be ******* *******. *** I've ******* ****** *** ******** **** should **** **** ** Lenel ***** ** ********* instead. ****** **** ***** to **********.

*** ** ******* *** of *** ******** ********.

* ***'* ***** ****'* a **** *********** ** a **** ** *** UTC *****. **** '***' proper ***'* ** ** the ******** ******** *** UTC ******* ******* **** be. ** * ******* in *** ****, *****'* still *** **** / issue ** *** **** even ******* ***** ***** the ******** ********.

***** ** * *** unclear.

* ******* **** ** a ***** ****** **** Carrier **** *** **** about *** ******** ********. They're ****** ** ********** the *******. ****'** ******** kill ***** ***.

****'** ******** **** ***** too.

**** ***** ** * surprise ***. ***** ******* smoke ********* *** **** extinguishers *** **** ** many/most **** *********** *** 'big ***' ****** ******.

* *** **** ***** ago **** *** ***** understood *** ******** *** fire ********. ****** ******, consistent ******* *** ** run **** **** ** aerospace *******. **** ** reasons **** **** *********, but *** *** **** of ****** ******. ***'* hope ***** *** ***** companies *** ****** **** understand ***** ***** *** can *** **** ****** to ***** **** **** to *** *** ** their ******. * ***'* think ** ***** **** much ** *** ***** people *** ******** *** they *** **** *****. A *** ** ********* there. * *****, ***** is ** **** *** fuzzy ******* ***** *** with ***** *** *****, but ****** *** ** bought ** **** ********.

* ****** ** *** Pelco **** ********** ******** the ******** ** **** down ********** **. **** it ***. ***** *** shopped ****** **** *** a **** ****, *** they ******* *** *** have *** ****** ** terms ** ******/*********** ******** brands, ** **** ** firms **** **** **** other **** ** ********.

* **** **** *** general **** ** ********** around *** ***** ****, and *** ******* **** forward *** *****, ***** have ******** *** ** conclude **** ******* *** Interlogix ***** ** ** expensive *** ****-********* ******* in ******, ******** **** no ****** *** ****** line ** *** ****** company.

***** *** ******* ****** hard *** * **** time, *** **** ******* did *** **** *** takers ** ***** ** legacy/experienced ******** ******, ** even ** ***** **** have **** ***** **** in ********.

*** **** ** **** was *** ** *** price ******? ** * try ** **** * beat ** ** ***** for $*,***, ** ***** take * **** ****, if **** ** ****. But ** * *** $1 *** **** **** car, ********** ******* **** take ** ****** *******, no?

*** * ***** ******** is *** * ***.

** * **** **** this *** ***** ***** has ** ** * ton ** *** *********, even ** ****** ** for $*. **** ***** time *** *****. *** then **** *** *** it, *** **** ********* overhead ** *** **** of *******, **** ****** a *** ** **** expenses, ********* ** ***** of ********** *** ********** people, ********** *** ********* from *** *** ****** if *** ** **** is **-******* ** **-******* in *** ***.

**** *** $*, **** would ** * ***** expensive ****. **** *** face *** **** **** Interlogix ** ****** ******* it *** ******* ** is *** ******** *** tons ** **** ** the ***** *****. ** now *** **** * messy, ********* "******* *****" to *** ***** *******.

********* ********** *** **** would ****** **** * year ** ****** ** UTC's **** (**-**-******** ******, preparing *****, ***.), *** to ******* * *** of *****, *** ***********. And, ** ** *** clear **** ***** *** any **** ** * premium *** *** ********, they ***** ***** ******* year+ ******** ** ******, incurring ******** ** ** so.

* ** *** ***** of *** ******** ********** and ************* ** ***** UTC *************, *** ** expand ** **** ** Civic *******, ********* ** is **** ******** ** just **** ** ** the **** ******* *** forget ***** ** **. trying ** **** **, or **** ****** **, particularly ** *** **** a ***** ** *****, nicer, **** **** **** a ****** *** ** detailing.

**** ***** ** *** right *******.

********* ** ***** ** separating *** ********** ******, operations *** ********* **** the *** ****** ** any ** **** ** co-located ** **-******* ** any ***.

** *** ***** ****, they *** **** *** mess ** ******* ** down ****** ******** ********** employees, ***. * *** can ****** ** ********* but *** ** **** a ******** **** **** of ********* *** ********* so ***** ** *** analogy ** *****...

*** ***** ***** - maybe ********* ** ***** to **** * ******* / ***** **, ** their *** ****** ******* to:

** **** **** ** off, **** ***** *** get **** **** **** but ****'* *** **** of * ***** **** to *** *** **** cash ********.

** *** ***** ****, they *** **** *** mess ** ******* ** down ****** ******** ********** employees, ***.

** ******.

** ****** **** ** mind, ***** *** ****** no **** ***** ** a "****" ******* *** Interlogix. ***** **** ******* was ****** ***** ** have *********** *********. **** is ********* **** **** ACRE **** *** ******* for *******, ******* *** doing **** ** **** had ******* **** **** onto ** ******, **** it *** ** ** independent *******, **** ** to *** ******* ******, etc.

*** **** ****** ***** the ******, ** **** manageable, ** ******** ***** here, ******** ******* *** efficiency ** ********** (********** speaking) **. ***** **** a ****** **** ** divesting ** **** ** unpredictable *******.

* **** *** * would **** ******** *** to *** *** ** least **** **** ****, but * **** *** not ******* ********* ** see **** **** ******* to **** **** *** plug ** ** *** be ****.

** **** **** ** off, **** ***** *** get **** **** **** but ****'* *** **** of * ***** **** to *** *** **** cash ********.

***** **** *** **** one **** ****,******** **** ** ;)

***** **** *** **** one **** ****, **** they **** ** ;)

** **** *** **** strategy, * $* **** price *** *** ******* won't ** **** ************ concept, ** **** ** the **** ***. ******* up.

***** **** *** **** one **** ****, **** they****** ;)

*** **** *** **** bump, **** **** **** it ;)

*** **** ****** ******* in!

*** *** ** ********** the '**** ****' *** further ******* *** ***** of *** ******* ** (1) ********* *** ******* scrambling *** *** ********* and (*) ********* *** new ****, ******** *** leverage **** *** ***** have ** *********** * discreet ****.

**** ***** *** **** it ** ** ***** parts ** ** *** they ***'* *** *** product ***** **** ***

...***'* *** *** ******* sales **** ***

**** ***’* **** ***** cake *** **** ** too...

******, * ****** **** that ***, *******:********** ******** * ****

* ******* ******* *** Chubb ******* (******), * few ***** ***** *** bought *** **** ** stuff. * *** **** with * *** ****** ex-chubb ********* ********* ****. These **** ******** ** have **** **** ** GE's ****** ***** **********. They *** **** *****, these **** **** ** mostly **** ********** "***".

*** ****** ******* **** and ***** ****** ***** (Canada) **-******* *** *** really **** ****** *** Edwards *****, *** *** "stuck" **** *** **** other *****. ****** *** fire *******/************ *** ****** (which ***** *** ****** out ** ******* ******) and * ***** ***** Integration ******* ***** **** then ****** **** *****. The ** **** ** things ******** **** *********** than *****, **** **** I *** ****. ***** margin, ******, ****** ****. Where ** ***** *** generally ****** *******, *** pretty ****** ****** *****. Slowly **** ****, ** GE ******** ***** ****, and *** ***** ******* Chubb ***** **** *** the ***** **/*** ************* did. **** **** ****** their ***(?) ****. ***** basically ******* *****, ****** jobs, ***** ****, ***** Access, ***** *******, ***** like ****. ********** **** seemed ** ****** *** mostly **** ***** *** before, **** *** ***** bonus ** **** ******* and *******.

* ****** ** ********** was ********* *******? **** thing **** **** *** stuck **** ** ******* the ******* *****, *** have ******* **** ** down. ** **** **** super ******* **** ****'* try ** **** **. I **** **** ********* even ***** ** **** Chubb (**************), *** *** try ** **** **********?

*** ******* **** ** interlogix ****** *** ** impact ** *** ******** with *** ********* ** some **** ******** **** and *****. * **** in ***** ******** ***** were **** *********** ** Arecont *** *****. * will ***** **** **** Pelco *** ******* **** an ****** ****** *** the ********** **** ** those ********* *** ***** surveillance *********. ********** ** the **** *** *********, access *******, ***** ************, door ********, ******* ********, but ** ** ******* none ** *** ******** brings *** *********** *****.

*** ********* ****** *** changed, *** ***** ******** was ** *** *** in *****’* ******* **** is * ******. *** accesss ******* ******** ** distribution ******* *** ** not ********* * ***** sell *** **** *** with *** ***** ******** available ******* ************ *** even **** ** **** you **** ** *** S2 *** *****

** ** ******* ***** the ********* *** *** best ****** *** ******* it *** **** *** potential ** ********** ** to *** ******** *** residential.

***** ***** *** * lawsuit *** ******* ********* they *** ******* ******, there ********* *** ******* lines **** *** ******** that ***’* **** ********* up. **** ** ********* products ** *** *** Sentrol ******* **** ** an *******.

*** *** ******** ********** is ***** **** *******, it’s ***** *** **** how *** ***** *** its ********** ****** ******** is.

***** ***** *** * lawsuit *** ******* ********* they *** ******* ******...

*************** **** * *** one?

*** **** ***** ** true? ***** *** ***** go ***** **** ** disappeared?

**’* ****** ****** ** LinkedIn. * ****** *** there *******, **** *** decipher **** **’* ****** to *** ********** *** long ********* **** ** thesaurus *****, **’* ******** pretty **********. **** ******* he’s * *** ****** with * ******* *** doesn’t **** **’* *****.

**** ******* **’* * bad ****** **** * prickly *** *****’* **** he’s *****.

****, ****, **** ** proof ******** ** **** :)

***** *** ***** ** seems **** ** ***********?

****************...

************ **** ********** *********:

** ********* ****

** *** ****** *********,

** *** *** ** aware, ********** *.*. ******** shared *** ******** ** wind **** *** ********** U.S. *** ****** ********** in ***** ** ***** on ****** *************, ** other **** *** ******** businesses *********.

**** ****** ** ******** to *** *.*. *** Canada **** *** ** this ***** ***** ** no ****** ** *** Interlogix ******** ** ********* and *** *******. ** particular, *** ***** ********* is *** ******** ** the ******* ** ********** and ********* *** ** Australia *** ****** ************. Please **** **** **** there ** ** ****** on ***** ****** ********* Lenel, *****, ***** *** Quell.

****** ** ******* **** for ***, ** ******* business ** ***** *** Australia *** *** ******* and ***** **** ** no ****** ** **** day ** *** ************ with **** ********** **************.

** **** ******** ** communicate **** *** ******* in *** ******** ** you **** *** ******* questions ** *** **** you ****** ******* **** Brown (******* ******* ***) at ******.*****@**.***.*** ** ****** Wynne (************** ******* ***) at ******.*****@**.***.***.

**** *******,
****** ***** ******* *******

*** *********** **** ** this ** **** ********** AU *** **** ************* business, ********** ***** *** End ** **** ************ of *** ********** ****** (some * ***** ***) and *** ******* *********** of **'* *********** (* years ***), *** ** mention *** ******* "****-***" of *** ***** ********** 10 ********.

**** *** ********** *********** was *******, ********** ******** that ** *** ***** brought ** ** **'* "replacement". ******** ** - Given *** ******** ** the ** **** ** the **********, **** **** this **** *** ****** development *** ******* *** the ** ********, ** anything??

* **** **** **** organisations ***** ***** ***** are *** ******* ** move ********. * **** a ****** ** ***** organisations **** ******* ******** away ** ********* ********* (Inner-Range *** ********* **** notably) *** * ***'* see **** ***** *******.

********** ********* *** *** theyr're *** ***** ** be ******** ** **** US ********, *** *******, that *** ** ******* they're ******* **** ** the *****...

#*, ****** *** *******, very ***********.

**** **** ******, *** most ********** **** ** me, ** ** ******** is:

*** ***** ********* ** not ******** ** *** product ** ********** *** developed *** ** ********* for ****** ************

*** **** **** **** not **** ***** ** me ** **** **** Interlogix ********* **** ** do ***** *** ***** Interlogix ******** **** **** being ************ ** * months?

***, *** '*** *** qualifier ** ***** ********* is *** * ***** sign ** ** **** were ***** ********* **** they ***** ** **********, they ***** *** **** to ****** ****:

****** ** ******* **** for ***, ** ******* business ** *****

***, *** '*** *** qualifier ** ***** ********* is *** * ***** sign...

”****’* *** *** ***, Folks!”

* **** ** ** the ***** ******.

** *** **** ** this ** *********** **** the ***** ************ **** up *******. *** ******'* be ******** ***** ********** with * ** **** pole ** *** ***** help ** *** ********* looking ** ***** ******* for *** **********.

** ***** **** *** been * ******* ***** UTC ****** ** **** GE. ******* *&*, *** fiasco **** *** *******, constantly ******** ***** **** and ***********, *** *** like. **** *** ** handed ** **** ** innovators *** ********** ** the ******** **** **** and *** ******. ** is * ******* ******* of **** *** ** DO.

****'* *** *** *** because ***** *** * LOT ** *****, *******, Networx ******* ********* ** the *****.

**** *****...*** ***** **** thought ***** ** ***** out ***** *** ***** brands. ** ******. ****** mismanagement!

***** ** ************.*****.***.**** ******* ******** ** tecom *** *** ******* alarm ******.

******* ***** ******** *** Hills ******** ******** ***** be ** ******* *******.

**** *** *** **** until ***** ** ****** off *** *** **** up ** **** ***** Range ******** **** *** place.

******* ***** ******** *** Hills ******** ******** ***** be ** ******* *******.

***** ** ** ****** entity ** ** ******* strife. ********* *** **** viable ******** ** ***** is *** ****** ******** division. **** ** ********* propping ********** **** **.

***** ** ***** *** Hills *** ***** ** AUD, ***** ***** ***** is *** (******** **'* been ********* ****** *** 17c **** *** *** past ** ******) ****** the ******* * ****** cap ** ****** ***.

******* ***** ***/**** ** sales, ****'** ***** ************* money.

*** *** **********. * worked *** ***** ***** ago - ** **** we *** **** - or **** ** ***** again? * ***** **'* fair ** *** **** UTC ***** ****** *** a **** ***** ** the ******** ********, ****** from *** ************ **** or *** ************* ****. The **** ** ***** able ** ******* * one-stop **** *** *** building ****** ***** ****** pretty *********, * ******* (i.e., ********* **** ******** Technologies), *** ***** **** need ** *** ***** divisions *** ********** ** get *** ** *** game ********. ********** *** a ***** ***** ** one ****; ***** ** hear ** ***** ********* demise.

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