ACRE Acquires Time Data Security (TDS)
ACRE has acquired Ireland-based Time Data Security (TDS) aiming to significantly expand its cloud-based visitor management system offering.
This is ACRE's first acquisition since it was acquired last month by a larger private equity firm. In this note, based on a discussion with ACRE's CEO, we examine TDS and ACRE's plans.
Revenue *** *********
***' ******* *** ~** ******* ***** in ****, ** **** ~** ******* Euros ** ****, *** * **** of ~**%, ****** **** **** **** the **** ******** ****** ****** *** TDS **** ****.
************* */*** ** ***' ******* ** from **** *** **** ******* ** growing, *.*., ** ****, ** *** ~24%.
*** **** ****** ******** ******************* *** **** ****, ****** ****.
*********
** ******** * ** - ** million ***** *********** *****, ** *-** revenue, ***** *** ********** ** **** revenue *** *** *******'* ****** ****. ACRE ******** ** ******* ** ***** but ***** ** *** * '*******' and ***** *** '***********' ** ******* TDS.
Expand *************** *** *** ******* *********, **** *****
**** **** **** **** ** ****** TDS ***** *************** *************, ****** **** the ******** ** *** ********** ***** were **** ******* *** *** **.
** ******* ****, **** **** **** plan ** ***** *** ******* ***** ACRE ********* (*.*., **-***** **** ******* and ***) **** **** ***** ******* can **** *** ******* ********** *** existing ****** ********* *** ** *****-**** TDS ******* **********.
Visitor ********** *** ****** *********
**** ********* **** ******* ********** ** the **** ******** **** *** *** this ** ****'* **** **** ********.
***' ******* ********** **** ******** ********** with***+ *******, ********* ****** ************ **** *******, C*Cure, *********, *****, *** *******. *** system **** ********** **** ********* ********, single **** **/ ********* ************ **** Active *********, *-*****, ****, *** ****, and **/*** ********* **** ****** **********.
*******, ****** **** ***** ******* ********** systems, *** ***** *** *** **** based *****-***** ****** ******* ********** ******:*** ******.*** ******** ** ******* ******** ******** based, *** **** **** **** ******/********* kiosks.
*** **** *** **** ************ **** other **** ************* ******, ***, *** ***********, *** ACRE **** **** ******* ************ **** these ******* ** *******.
COVID *****
*** *** ****** ** ***** *** while ** *** *** ********* *** Mastercard ** *********, ********** **** **** ******* *******, *** *** *** **** * US ******. ********, *** *** ****** some ********* ** ****, ** **** LinkedIn ****** ***** *****:
SaaS *** ****
***** **** *** * ***** ********* of *********, *** **** ** ******** is **** ********. ** ****, *** provides ** *********** *** **** ** expand **** *****.
Visitor ********** ******** ***********
**** *** *** **** ******* ** visitor ********** ******** ********* ** ** do *** **** * ******** ** TDS *********** ***********. ** ****, *******, started ******** *** *** ***** ******* management ****** *****.
More ************ *** ****
****** ***** **** ** ********* ***** acquired ** ********** *****, **** **** ** **** acquisitions. ***, **** **** * ****** later, **** **** ******* **** ** acquisition.
**** **** **** ******** ** **** regular *********** **** ********* *** **** further ************ **** **** *** **** likely.
********* ** *** *** *** **** companies **** ******** **** ***** ************* change ***** *********** *********** **** * smaller ****** ***** **** * ****** conglomerate.
******! *** ***** *** *** **** them? * *********** **** ***** ** ** ** 2018, ****** *********, * ***'* **** a *** ** ********** ******* ******* company **********.
**** ** *** ******** ******* *** the ********* ****** ** ******* ******* but **** **** **** ** **** you ******** *********, *** *** ***** providers **********-***** ****** **** ** ********** ********* information ** ******* ********* ** *** UK *** *******. ** ***** ****** accounts **** **** **** ***** **** they ***** ** *** *******. *&* in *** *** ** ******** ** go-to ***** *** ****** ******* *** their ********* ** ** *** ******* is ******* ** ** ******* *** players **** ******-*** ** * **** better-localised *** *** *** **** ****-*********.
*******, ***** ***!
***, *&* **** *** ******* ******** near ** ******** ** **** ******* and *** ** ****. **** ** due ** * ********** ** ****, in *** **, ******* ********* **** no ********** ** **** ********** ******** (even ***** ****) *****, ** **** example *****, ******* / ** ********* do (****** **** ********** *** ******* small *********).
*** **** ********** *** *********, ***** 2019 ******* *** ******** **** ** 2018 ** €**,***,*** *** ** ***** of €*,***,***. ***** ******* ****'* ****** overnight, **** ***** *********** ***** **** helped ** *** ***** ***** **** of *** *****. ***** ***** ** market ** ******* ** ****** ** end ****.