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

Enhancing Situational Awareness

In an era marked by technological advancements and increasing security concerns, the integration of artificial intelligence (AI) into video surveillance systems has revolutionized situational awareness and critical infrastructure protection. Read Now
Survey: Insider Threats Surge Across U.S. Critical Infrastructure

Over three-quarters (77%) of organizations across US critical national infrastructure (CNI) have seen a rise in insider-driven cyber threats in the last three years, according to new research by leading cyber security services firm Bridewell. Read Now
The Impact of Strategic Technology Partnerships

It may sound counterintuitive, but transparency is vital in the security industry. While many solutions block, divert and alert to imminent threats, at its core, security is rooted in the critical clarity between what the end-user needs and what the provider can offer Read Now
- Dealers and Integrators
FTC Warns About Misuses of Biometric Information and Harm to Consumers

The Federal Trade Commission recently issued a warning that the increasing use of consumers’ biometric information and related technologies, including those powered by machine learning, raises significant consumer privacy and data security concerns and the potential for bias and discrimination. Read Now
- Cybersecurity

Whitepapers

Webinars

New Products

LiftMaster Garage Door Opener

LiftMaster Transforms the Garage Door Opener Into a Sleek Smart Home Device That Does More Than Open and Close the Garage Door 3
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. 3
Camden Door Controls Application Spec Guide

Camden Door Controls, an industry-leading provider of innovative, high quality door activation and locking products, has published a new application spec guide for specification writers designing a wireless barrier-free restroom control system. 3