Razberi, based in 2011, has developed a portfolio of merchandise that allow enterprises to deploy video surveillance techniques.
This buy for undisclosed phrases will improve ACRE’s strategic enlargement plans for strengthening its video and communications enterprise and product portfolio, in accordance with the announcement.
Razberi will considerably enhance ACRE’s place within the communications and video market, enhancing the ComNet portfolio and offering complementary applied sciences to its entry management manufacturers, the announcement states.
Razberi, which was based in 2011, has developed a portfolio of merchandise that allow enterprises to deploy a easy, safe best-of-breed video surveillance system. Razberi’s open product platforms work with third-party video cameras, video administration and video analytics software program. As well as, Razberi offers elevated cybersecurity safety and risk response instances.
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 aggressive place in a extremely fragmented market with nice development potential.
“The acquisition of Razberi boosts ComNet’s attain within the communications area and enhances our product portfolio with the addition of superior cyber safety and system well being monitoring applied sciences,” Grillo says.
Tom Galvin, founder and chief product officer of Razberi will stay as the final supervisor of the enterprise post-acquisition and shall be instrumental in integrating the corporate into ACRE.
“We’re excited to hitch the ACRE group with its robust world attain that can open new alternatives for the Razberi product vary,” Galvin says.
Imperial Capital suggested Razberi on the transaction.