Vanderbilt Finalizes Acquisition of Access Control Technology Ltd.
WIESBADEN, Germany, Nov. 2, 2016 /PRNewswire/ -- Vanderbilt, a global leader providing state-of-the-art security systems, today announced the completion of its purchase of Access Control Technology (ACT) Ltd. The integration of ACT's product line into Vanderbilt's core offering brings significant depth to the company's access control and video surveillance technologies while also delivering a new cloud-based solution to the portfolio.
The ACT brand will remain through the well-known products being added to the Vanderbilt portfolio, such as ACTpro, ACTenterprise and ACT365. Vanderbilt will capitalize on ACT's market share in Ireland and the UK in addition to introducing the products to North American customers and partners.
ACT's ACT365 is an integrated, cloud-based access control and video management software solution that enhances Vanderbilt's product line. The software-as-a-service model brings a recurring revenue model to Vanderbilt and its channel partners. ACT365 provides stakeholders with the ability to manage system administration and management from anywhere, at any time and on any device.
"The ACT business is a strategic fit with the Vanderbilt brand, capitalizing on its strong, profitable business in the UK and Ireland," said Joe Grillo, CEO, Vanderbilt. "The addition of an integrated access control and video platform is a logical step in the direction of growing our business on an international scale in the areas of access control, video and intrusion. Hosted, cloud-based systems are gaining in popularity in the security arena, becoming the logical way forward in future-proofing a facility's security posture."
Vanderbilt's integration of its July 2015 acquisition of the Siemens Security Products line of business, considerably expanded the company's presence in the highly fragmented security and access control market.
Financial details of the transaction were not released.
Additional Information
Acquisition Announcement
About ACT
Vanderbilt Global
About ACT
Founded in 1995, ACT designs and manufactures enterprise-level and cloud-based access control and video management solutions. Combining reliability and quality with engineering expertise and innovation, the ACT hardware and software delivers top class functionality that is user-friendly, effective and well developed in line with market demands. For more information, visit www.accesscontroltechnology.com.
About Vanderbilt
Vanderbilt, a subsidiary of ACRE LLC, is a global leader in creating state-of-the-art security systems. Vanderbilt's innovative approach to security technology – from design and manufacturing, through to distribution – makes environments safe, secure and easy to maintain. Vanderbilt's products range from single-user systems to highly customized applications that fit the unique requirements of leading multi-national corporations. Our product lines include access control, intrusion and video. For more information, visit www.vanderbiltindustries.com.
Media Contact
Vanderbilt
Kim M. Loy
Director of Marketing
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Jenna Hardie
505-948-3972
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SOURCE Vanderbilt
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