UTC, Owner of Lenel, Acquires S2
UTC now owns two of the biggest access control providers, one of integrator's most hated access control platforms, Lenel, and one of their favorites, S2 (see IPVM S2 company profile).
Under UTC management since 2005, Lenel has had significant problems, e.g., Lenel Partners Angry, Lenel Does Not Care, Worst Access Control Manufacturers 2018, Worst Manufacturer Technical Support 2018.
In an extraordinary brief announcement, UTC does not mention Lenel nor explain what they are doing here. Inside this note, we examine the move and the potential problems for Lenel and the future of S2 at UTC.
Valuation *** *****
** *** **** *** **** ***, at *****, **** ****** ** * premium *****. ** ******** **'* ******* in *** ~$** ******* ***** *** highly **********. ***** **** *** *** various ********** *******, ** ******** *** price **** ** ** ** ***** $200 ******* *** ******* ** **** as $*** *******. *******, *** *** not ******** *** *******.
S2 ******* ******** **** '*************'
**'* ******* ******** *** **** *************:
*********** *** ************* ******** ***** *** product ********** ** *** *** *********, this ** * ******* **** **** will ******* *** *********, *********, *** channel ********.
*******, ** ******* ********* **** *****. The **** ********** ********** ** *** take **** *** ********** ** **** S2 ** *** **** ********** ******** for *** *** **** ********* **** be ******** **** ***** ** ** over ****.
Lenel ********
***** *** *** ******* ******** - from ******** **** ******** *** ***** like ** ** **** ****, ** technical *******, ** ****** ** ***** surveillance (***** ** **** ****** ********,***** ** ********* ********* *********) ** ****** ********** ****** *****.
*** ********* ***** *** $***+ ******* in ****, *** **** *** ****** of *** **** ** *****, *** conglomerate *** ********* *** *****'* ******** in ************ ** ******** *********.
Lenel ** *** *** **** *****?
***** ** * ********* ** *** owning ******** ****** ******* *********. **********, they *** **** ***** ******* ******* and ******** *********, ***** *** ******* invariably ****** **** *****.
** ***** ** ** ******** ******** that *** ***** * ******* ******** with *****, ********* ***** ********* **** time ** **. *** *******, ** supports *** **** ******* ******** **** Lenel **** *** ** ** ***** to ******** ******.
S2 ***** *****'* ************
*** ********* ***** *** ** **** deeper *** ******* ************ **** *** parties (*.*.,***** ****). ** ** **** **** ** migrate ***** ********* ** **, *** company **** **** ** ****** **'* integrations ** **** ********* ********* ** 3rd *******.
Competitor *******
** *** *** ** *** *** sizeable *********** ****** ******* *************. ***, this ****** ******* ** *** ******* largest ***********. ********, ** ***** **** Genetec ** *** ***** **** *** unprecedented ********* ** ***** *** **.
******** ***** (****' ******** *******) ***** also ***** ** ******* ** ** reduces *** ***** ********** *** *********** puts ***** ********* ** *** ****.
Good **** *** ***?
******** **** *** ***** *** **** Lenel, **** ***** ** * **** deal *** ***. *** ** ****** control ******* ***** ******, *** ** in *** ******, *** * *** one *** ******.