Vanderbilt Industries announced the completion of its purchase of Access Control Technology (ACT). The integration of ACT's product line into Vanderbilt's core offering brings significant depth to the company's access control and video surveillance while also bringing a new cloud-based solution to the portfolio.
Vanderbilt Industries announced the completion of its purchase of Access Control Technology (ACT). The integration of ACT's product line into Vanderbilt's core offering brings significant depth to the company's access control and video surveillance while also bringing a new cloud-based solution to the portfolio.
The ACT brand will remain through the well-known products being added to the Vanderbilt portfolio, such as ACTpro, ACTenterprise and ACT365. Vanderbilt will capitalize on ACT's market share in Ireland and the UK in addition to introducing the products to North American customers and partners.
ACT's ACT365, is an integrated, cloud-based access control and video management software solution that brings additional depth to Vanderbilt's product line. The software-as-a-service model brings a recurring revenue model to Vanderbilt and its channel partners. ACT365 provides stakeholders with the ability to manage system administration and management from anywhere, at any time and on any device.
"The ACT business is a strategic fit with the Vanderbilt brand, capitalizing on its strong, profitable business in the UK and Ireland," said Joe Grillo, CEO, Vanderbilt. "The addition of an integrated access control and video platform is a logical step in the direction of growing our business on an international scale in the areas of access control, video and intrusion. Hosted, cloud-based systems are gaining in popularity in the security arena, becoming the logical way forward in future-proofing a facility's security posture."
Vanderbilt's integration of its July 2015 acquisition of the Siemens Security Products line of business considerably expanded the company's presence in the highly fragmented security and access control market.
Financial details of the transaction were not released.