Triton Invests / Acquires WaveLynx, Competitor to HID
Months after forcing HID to back down in litigation, WaveLynx is now getting the backing of mega-PE firm Triton Partners, who are investing in / acquiring WaveLynx, supporting existing leadership to scale up.
Triton is most known in this industry as the owner of Acre Security.
While WaveLynx is still disadvantaged to HID, in this note, we examine how this deal changes competitive dynamics.
****** ******** ***** *******: ****** ******* in ******** ************
Executive *******
***** ******** *** ******* **** ******* well **** *** **** *** *****, this **** ********** ********'* *********** *********** from * ***** ***********, ** **** of **** **** ********* ***, **** a ********** *** *** *** ****-************.
****** *** **** *** *********** ********* but **** ********* ********** ** ****** control, ************** **** ** ****(****** **** *** ******** **** ** owned *** ******* **********), ***** **** further **** ********.
***********, *** ***** *** ******* ********** over ********, ********* *** *** **** scale *** *** ****** **** *****, plus ****** ********** ****** ***** ******** ** ***** ******** *************, ****** ** **** *** *********** offerings. ****, *** **** ****** ***** even ****** *** ** **** **** WaveLynx.
WaveLynx ******** ***********
*** **** * ******, ******** *** a ******* ************ *********** *****, ***** key ********** **** ******* **** ***** ago ****** ** ***, **** ******* a *******, *******, **** ** ******** in **** (*** *** **** *******). **** *** **** ****** ** WaveLynx, *** ******* *** ******** **** recently**** *********** *** ******** *****, *** *** *** *******'* **** commonly ******** ******** - ****** *********** and ***** ****** *******.
*** *******'* ********* *** ******* ******* in *** **** *** *****, *** with ****** ** ***** ********* (** listed ** ********, **** ** ************* not ******).
** ********, ******, *** *** ~*** more ********* *** ~*,*** *****.
Settled *** *******
** ****,*** **** ********, *** ******* ** ******* ********, WaveLynx ****** ****, **** *******-**** ***,******** *** ********* *****. *****,*** ******** *** **********, ***** ********, ******** ********* *** another ******. ****, ** **** ****,*** *******.
***** *** **** ******* ********,******** *** ***** ** ********* *** news, ****** **** **** **** *******.
*** ********* ** ******** ********** ** spoke ** *** **** **** *** a ****** *** *** ******** *** a ********** **** *** ***, **** to ***** *** ******** **** ** punish ******.
ACRE ******** **** ********
***** ****** *** **** *********** ********, *** ******* ****** ******* businesses, **** **** ** ***** *** operated **********.
*** *** *******'* ******** ****** *** in ********. **** ***** ****** ******* systems / ********* (******* ******** ************ ****** ******* *********** (CTO *********)***** ******** ** ** *** ******** to ******** ****** ******* *********, ********* many ** ****'* ***********. ** ****, keeping **** ******** ********* ******** **** WaveLynx ***** ***** **** **** ***** customers.
Triton ********** ********
******** *** ******* ** ***** * bootstrapped ******* ****** * *******-****** ******* plus ********** **** ** * ****** ten ******* ******* ************.
******'* ********** ****** ** ********** ******* here, ****** *** **** ****** **** invest ** *** ***** *********. ** do ****** **** ****** **** **** significantly ******* ********* **** **** ******** could **** **** ***** ***, ***** bootstrapped.
Growth *************
** ******** ********** ** *** ************, mobile *** *** ********* ** ***** an **** *********** *** ***** *********** drivers *** ********. ** **********, *** rise ** *****, ******, *** ******* wallets ******** *** ******* *** ****** to ******** ****** ******* *** ******** switching ** *** ****** *********.
*** ****** ** ****, ** *** migration ** *** ***** ******** ******* is **** ********, ********** * ***** opportunity **** *** **** *** ***** for ********* *** ********* *** ********* customers **** **** ***.
HID ********
*******, ********, **** ****** ** ******, is ***** ** * ******* ************ to ***. *** *******,***'* *********** ********'* ******* ****** ** ******* / *********** ** ****** **** ** any ***** ****** ******* ****** ******** security ** *****.
****, *** *** ** **** ***** enterprises ****** **** ***** *********** ********* (e.g., ****). ** ********, ******** **** not ******* *** *** *********** ******* (a ****** ******** ****** ** *** giant ******* ******). ** **** ** hard *** ******** ** ******** **** in **** ** ***** ********.
** *** ***** ****,***'* ******* ************* *** **** *** ***** **** made ********* ********** **** **** ** ********** **** **** **** ** **** years.
** ******** *****, ** **** ***** how ********'* **** **** ********** *** use ** *** ****** ***** ** against ***.
*** ****** *** ******** ***** ***** be ***** ********** ***********, **** ** HID's ********* ********, *** *** **** reduced.
Broad ***********?
** ** *** ***** ** ** sure *** **** *********** **** **** bring ** ***, *** *******, ***********, and *** ***** ******* **** ****** stronger, **** *******.
**** ******** ****. *** ******** ************ has **** * ***** *** ******** a *********** ******** *** **** ********** will *********** ***** ******. ***** ** Hugo & ****!