ACRE, a global brand providing state-of-the-art security systems, announced the acquisition of Razberi Technologies based in Farmers Branch, Texas. This purchase will enhance ACRE’s strategic expansion plans for strengthening its video and communications business and product portfolio. This is the latest M&A transaction since ACRE completed the acquisitions of two access control businesses - Open Options in December 2018 and RS2 in May 2019; both of which have continued to prosper and build ACRE’s overall market position. Razberi will significantly increase ACRE’s position in the communications and video market, enhancing the ComNet portfolio and providing complementary technologies to its access control brands. System health monitoring technology In addition, Razberi provides increased cybersecurity protection and threat response times Razberi, which was founded in 2011, has developed a portfolio of products that enable enterprises to deploy a simple, secure best-of-breed video surveillance system. Razberi’s open product platforms work with third-party video cameras, video management and video analytics software. In addition, Razberi provides increased cybersecurity protection and threat response times. ACRE will leverage the technology and expertise of Razberi beyond video across its access control brands for providing server builds, cybersecurity and system health monitoring. ACRE CEO Joseph Grillo stated that this transaction will continue to expand ACRE’s competitive position in a highly fragmented market with great growth potential. Advanced cyber security “The acquisition of Razberi boosts ComNet’s reach in the communications space and enhances our product portfolio with the addition of advanced cybersecurity and system health monitoring technologies,” said Grillo. “We are excited to join the ACRE organization with its strong global reach that will open new opportunities for the Razberi product range,” said Tom Galvin, Founder and Chief Product Officer, Razberi. Tom Galvin will remain as the General Manager of the business post-acquisition and will be instrumental in integrating Razberi into ACRE. Imperial Capital were the advisors to Razberi on this transaction. Financial details of the transaction were not released.
ACRE, a global provider of state-of-the-art security and communication networking systems, announced that it will add two key industry people to the ACRE management roster. Jim Kelly will join ACRE as Chief Revenue Officer starting on March 1, 2020. Jim brings a wealth of experience having had successful positions at Software House, Sensormatic, Tyco International and Johnson Controls. Accelerating growth While at Software House, Jim led the sales and marketing efforts to build the business from $2 million to $120 million in North America. While at Johnson Controls, Jim was responsible for developing sales plans to achieve revenue goals for more than a dozen brands in the JCI Security Products division. ACRE’s CEO, Joseph Grillo stated, “Hiring Jim will add depth at the ACRE management level that can help catapult us to the next level. The ACRE brands have a well-established reputation for world-class service and support; therefore, Jim’s focus will be to devise marketing, sales and channel strategies to accelerate the growth and build on the successes already achieved within the businesses.” doubling business Chuck O’Leary will also join the management team. Chuck, whose successful track record includes managing the sales organizations at Honeywell, Stanley Security Solutions and consistently leading the LenelS2 business to record results, will transition to the position of President of Open Options based in Addison, Texas. Chuck brings 25 years of sales leadership to the team. Current Open Options President, Steve Wagner, stated, “Chuck’s sales and management skills are perfectly suited to assure Open Options achieves its goal of doubling the business over the next five years, and I look forward to working with him as we transition the leadership of this great company.”
How To Ramp Up Perimeter Security With License Plate Reader TechnologyDownload
Solve Access Control Challenges in the Healthcare SectorDownload
Getting the Most Value From Software Subscription AgreementsDownload
Shifting Trends in Operation Centers and Control Rooms for 2021Download