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)
Undisclosed Integrator #1
Promising acquisition. Hopefully it brings the needed innovation for access control systems.
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Jim FitzGibbon
It will be interesting to see what HID and Mercury OEM partners think of this. While I don't think the product competes with the other Mercury partners at this time I could see many of them question the move and long term objective. I say this because when Allegion purchased Isonas I heard feedback from a number of Allegion OEM partners who were concerned about their long term goals. I also heard this when Allegion Ventures invested into Openpath.
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