Vanderbilt, the security systems product manufacturer, reports the completion of its purchase of Access Control Technology (ACT) Ltd. The integration of ACT’s product line into Vanderbilt’s core offering brings depth to the company’s access control and video surveillance while also bringing a new cloud-based solution to the portfolio, the firm says.
The ACT brand will remain, such as ACTpro, ACTenterprise and ACT365. Vanderbilt will capitalise on ACT’s market share in Ireland (where the acquired firm is based) and the UK besides introducing the products to North American customers and partners.
ACT’s ACT365, is described as integrated, cloud-based access control and video management software. 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.
Joe Grillo, pictured, CEO of Vanderbilt, said: “The ACT business is a strategic fit with the Vanderbilt brand, capitalising on its strong, profitable business in the UK and Ireland. 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 expanded the company’s presence in the security and access control market, the firm adds. Financial details of the transaction were not released.
