ACRE Boosts Portfolio With Razberi Technologies Acquisition
Razberi, founded in 2011, has developed a portfolio of products that enable enterprises to deploy video surveillance systems.
“The acquisition of Razberi boosts ComNet’s reach in the communications space and enhances our product portfolio with the addition of advanced cyber security and system health monitoring technologies,” says ACRE CEO Joe Grillo.
LAS VEGAS — ACRE, a global provider of security systems, announced Thursday the acquisition of Razberi Technologies.
This purchase for undisclosed terms will enhance ACRE’s strategic expansion plans for strengthening its video and communications business and product portfolio, according to the announcement.
The deal marks the latest M&A transaction for the holding company since completing acquisitions of two access control businesses: Open Options in 2018 and RS2 Technologies in 2019.
Razberi will significantly increase ACRE’s position in the communications and video market, enhancing the ComNet portfolio and providing complementary technologies to its access control brands, the announcement states.
Razberi, which was founded in 2011, has developed a portfolio of products that enable enterprises to deploy a simple, secure best-of-breed video surveillance system. Razberi’s open product platforms work with third-party video cameras, video management and video analytics software. In addition, Razberi provides increased cybersecurity protection and threat response times.
ACRE will leverage the technology and expertise of Razberi beyond video across its access control brands for providing server builds, cybersecurity and system health monitoring.
ACRE CEO Joseph Grillo states that this transaction will continue to expand the holding company’s competitive position in a highly fragmented market with great growth potential.
“The acquisition of Razberi boosts ComNet’s reach in the communications space and enhances our product portfolio with the addition of advanced cyber security and system health monitoring technologies,” Grillo says.
Tom Galvin, founder and chief product officer of Razberi will remain as the general manager of the business post-acquisition and will be instrumental in integrating the company into ACRE.
“We are excited to join the ACRE organization with its strong global reach that will open new opportunities for the Razberi product range,” Galvin says.
Imperial Capital advised Razberi on the transaction.
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