Holding company ACRE, a global provider of security systems, has completed its acquisition of the PremiSys software and hardware portfolio and assets from IDenticard Systems. The financial details of the transaction were not disclosed.
PremiSys’ technologies enable organizations to self-manage door access, view integrated video and lockdown facilities. The acquisition also extends opportunities for ACRE in healthcare, education, data centers and senior-living facilities, ACRE reports.
“Since its inception, ACRE’s overarching goal has been to consolidate access control and customers under one umbrella,” says Darren Learmonth, CTO, ACRE. “This acquisition represents another important step in ACRE’s transformation, solidifying the company as the leader in the rapidly growing access control market.”
The acquisition continues recent acquisitive growth for ACRE: In 2021, it purchased Feenics and Matrix to address evolving customer requirements in cloud and enterprise segments, then added SISCO to its growing family of brands in 2022. ACRE employs more than 500 employees in more than 25 countries.
“The security market continues to provide opportunities for ACRE to drive consolidation and acquire technologies that broaden its portfolio and serve the expanding needs of its customer base,” states ACRE.
Founded in 1970 as a photo ID seller, Pennsylvania-based IDenticard is part of the ID and security products division of Brady Corp. IDenticard was purchased by Brady in 2006.
