ACRE to Acquire Texas Based Open Options -- Security Today

ACRE to Acquire Texas Based Open Options

Dec 17, 2018

ACRE, a global leader providing state-of-the-art security systems, announced today it has entered into a definitive agreement to acquire Open Options based in Addison, Texas. This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio.

This is the latest M&A activity since ACRE completed the acquisitions of ComNet (Danbury, Conn.) and Access Control Technologies “ACT” (Dublin, Ireland) businesses in 2016.
Open Options will significantly increase ACRE’s position in the access control market, with emphasis on North America.

For 20 years, Open Options has developed access control solutions that connect to leading security technologies to deliver a full-scale solution based on each customer’s unique needs. Open Options has been a Mercury Security partner since 1997 and is dedicated to delivering the most advanced open-platform access control solution available on the market.

ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position in a highly fragmented market with great growth potential. “The acquisition of Open Options boosts Vanderbilt’s reach in the access control market and enhances our product portfolio with the addition of an open architecture access control solution,” commented Grillo. “With the international portfolio fully integrated, it was time to turn our focus to North America.”

“We are pleased to join the ACRE organization with its strong global reach which will open new opportunities for the Open Options product range,” said Steve Fisher, Open Options Founder and CEO.

Financial details of the transaction were not released. The transaction is expected to close in the fourth quarter of 2018.

Featured

Beyond Apps: Access Control for Today’s Residents

The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now
- Access Control
Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now
- Facility Security
AI Used as Part of Sophisticated Espionage Campaign

A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now
- Artificial Intelligence
Why the Future of Video Security Is Happening Outside the Cloud

For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now
- Video Surveillance
UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

Automatic Systems V07

Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.
EasyGate SPT SPD

Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.
Connect ONE®

Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.