INDIANAPOLIS — Stanley Security announces its investment in Nexkey, a provider of Cloud- and mobile-based access control solutions.
Terms of the transaction were not disclosed in the announcement.
The investment — backed by Stanley Ventures, the venture capital arm of Stanley Black & Decker (NYSE: SWK) — is the start to a strategic partnership between the two companies.
“We are committed to building safer, healthier, and more efficient environments, with the purpose of helping the world progress,” says Stanley Security Global President Matthew Kushner. “Nexkey’s innovative technology helps provide a seamless access control experience with the added value of data insights. When paired with the expertise from Stanley Security, this solution will provide even more value to organizations as we all adapt to our evolving world.”
Nexkey launched in 2018 to provide businesses an easier way to unlock and manage door access. The company’s wireless access control platform is said to enable smart entry to any door, which allows businesses to manage access with a mobile app or web portal, simplifying installation and delivering valuable spatial intelligence to help optimize operations.
Stanley Security‘s investment in and partnership with Nexkey provides new opportunities for small- and medium-sized businesses to adopt affordable, integrated security solutions, according to the announcement.
“Nexkey unlocks more value beyond what traditional access control can offer, as our solutions are so versatile and simple to install that we can deploy them on any door at a fraction of the cost of today’s systems,” says Eric Trabold, CEO of Nexkey. “And with organizations increasingly turning to the cloud and mobile solutions, this partnership offers Stanley Security’s customers a convenient solution for enhancing their access control, creating seamless on-site experiences, and providing intelligent insights throughout the entire building.”
