Assa Abloy Acquires Access Management Platform Averics

Published Dec 11, 2020 13:30 PM

Assa Abloy is access control's largest hardware company with vast numbers of access software partners and resellers. Now the company has bought its own access management company, Averics.

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While Averics is not well known, we have been tracking Averics and they presented at our 2020 access control online show. Plus, we have feedback from Assa Abloy on the acquisition.

Inside this note, we examine the deal, contrast the two, and look at the potential fit for Assa.

Averics **********

******* ***** *******, *** ******* ** **** ** tech ******* *************** *****. ****** *******, ***** *** *** co-founder ** * ***** ********** *******. The ******* ****** ****** ** ********.

**** ********* *** ********** **** ****** with *** ******* *** *** ******** team **** ******** ** ** ******* based.

******* ********** ********* ********** ******** ******* **** ** * *****-***** ****** platform. *******, *** ******* *** ***** developed ** **-******* ******* **** ****** the **** **** ******* *********.

*** ******* ********* *** ******** ** IPVM's ****** ******* ********* ** ****, which *** ** ******* *****:

Assa *********** ****** ** ******* *******

*** ******* ********* ** ***** ** transitioning ** * '******** ****** ** excellence' *** **** ********** ******** *** end *** ******* ***** ** ******* 31st ** ****, ** ** ***** IPVM ********:

* ** ******* ** ****** *** that ******* ******* ***. *** ******** acquired ** **** ***** ******* ********* Americas. ********* ***********, *** ******* **** will ********** ** ******* *** *********** of * ******** ****** ** ********** for **** ********** ********.

******** ***** ******* **** ******** ** be *********, ********* *** ********* ** these *******. ** ****, *******, **** issuing *** ******** ** *** ** and ****** **** ******* **, ****. If *** **** *********** ****** *** systems *** ** ** ********* ** this *********, ****** ****** ** ** soon ** ********.

*** **** ****** ******** ******* '**** continue ** ** *********' **** **** date.

Assa ******** *** ****

**** ********* ** **** **** *******' role ** * '******** ****** ** excellence *** **** ********** ********' **:

*** *********** ** ******* ******** *** (ASSA *****’*) ******** ** ******* * Center ** ********** *** **** ********** software *********** ** *** ********. *** Center ** ********** **** **** ** develop ********* *** ******* *** ************ that ********** *** ******** *** ********* currently ********* ** *** *** *** partner *********.

Averics ********** **** ***-**** ****** *********

*************, *** ** ******* **** ****** is **** ** ***** **** ******** hardware ******* *** ***** ** ****.

******* **** *** ******* *** *** controller ********, ******* ******** ****** ********** software **** *** *** * ******* of ******** ******.

*** ***** ******** ********** **** **+ security ******, ************* ****** ***********,******, ********** *******.

**** **** **** **** **** **** continue ** ** ********:

**** ***** ******** *** ******** **** many ***-**** ***** ********* *****, *** will ******** ** ** **.

******* **** ** ********** **** (*** parent ****'*)*** *** ******* **************** *** *** **** ****** ** an'*** ********* ****** *******' ***** ****, ***** ********* **** **** ***** has ****** *** ******* *** ******** components ** ******* ** ***'* ********** firmware ********.

Impact ** ***** *** *******

*** '******' ****** *********** (*** **** partners) **** ***** *** *******, ****'* Averics *********** ** ******** ** ** a *********** ****** *** ****** ** the ***** ****.

******* *** * ********** ***** ******* base *** *** *******'* ********* *** rather ****** ******/********* ******* **** ******* on ** ********* ****** **** ******** security ***********.

** ********, ***** *** *******' ******** channel ** ******* ** *** ******** channel **** *******/********** **** * ******** focused ** ******* ****** ** * core ********. ** ***** ** ***** development, * ******** ******* ***** ******** to *** ***** *********** ** ******** dealers **** *** **** **** **** an **-******* ********.

*******, *** **** **** ******* ** unclear, ************ *** **** ******* ** use ******* ** * ******** ******** that *****, *******, **. ** ***** compete *******.

Assa ******* ****** ********** ******** ********

** ****** *** ********* ****** ** the **** ** ** ***** *** partners, *** **** **** ***********, **** is *** ********* ******* *** ***** hardware ******** (*.*., ******* ******** ** HES) *** ******* **** * ******** company **** *** ************* ******** **** its *********.

**** ***** ** **** **** ********* similar ********-**** ****** ********** ********* :

**** ***** *** * ******* ******** for ******** *********** **** ******* (**** 18 *****) *** ******** (**** **** years). ** **** **** **** * decade ** ********** ** ********** **** management ******** ********, **** ** **** and ****** **.

*******, ***** ******** *** *** ******* of ******* ******* ************. **** ***************************** *** ******** **** ******** ******' (Sargent *** ****, ************) ********, *******, and *********** ******* *****. ******'************** ***** ******** ********** **** *** **** in ****** ******* *** ****** ********** focused ******* ****** ****** ** *******.

Outlook *** ****/*******

****/****

Comments (2)
UI
Undisclosed Integrator #1
Dec 11, 2020

********* ***********. ********* ** ****** *** needed ********** *** ****** ******* *******.

JF
Jim FitzGibbon
Dec 11, 2020

** **** ** *********** ** *** what *** *** ******* *** ******** think ** ****. ***** * ***'* think *** ******* ******** **** *** other ******* ******** ** **** **** I ***** *** **** ** **** question *** **** *** **** **** objective. * *** **** ******* **** Allegion ********* ****** * ***** ******** from * ****** ** ******** *** partners *** **** ********* ***** ***** long **** *****. * **** ***** this **** ******** ******** ******** **** Openpath.

(3)
(1)