Allegion on Thursday announced on that it has agreed to acquire ISONAS through one of its subsidiaries. The transaction is expected to close early in the third quarter of 2018, subject to customary closing conditions.
ISONAS has edge-computing technology that provides innovative access control solutions for non-residential markets. ISONAS intelligent devices – like its popular integrated reader-controllers – utilize power over Ethernet, making them easy to install and cost-effective as they utilize existing customer infrastructures. The company is based in Boulder, Colo.
“By bringing ISONAS into the Allegion family, we’re adding a technology leader with solutions that align well with Allegion’s channel initiatives and add new access technologies to our portfolio,” said Tim Eckersley, Allegion senior vice president and president of the Americas region. “As Allegion continues to drive electronic adoption across our industry, we will also continue to offer more IP wall-based choices that add value for customers.”
Since its founding in 2000, ISONAS has accelerated growth, established strong customer relationships and built a network of certified integrators and committed distributors. Allegion’s global presence, electronics expertise and channel relationships are expected to further expand the reach of ISONAS technology and increase its capacity for growth.
"ISONAS has experienced success through the growth of Pure IP access control, established strong customer relationships and experienced dramatic growth to become the leading Pure IP access control provider. We are extremely pleased to become part of the Allegion family as this truly gives the ISONAS technology the platform to execute our core mission of “revolutionizing access control” globally. Acquisition by a market leader infuses capital and additional capacity for growth and is a natural evolution for the ISONAS business. With our similar distribution strategies, ISONAS and Allegion will be able to grow the business very quickly. Our reader-controller which delivers lower cost and more scalability will be able to rapidly propagate globally," said Melissa Stenger, VP of Product Management and Marketing for ISONAS, Inc.
Following the closing of the transaction, ISONAS is expected to operate within Allegion’s Americas region. ISONAS generated approximately $6 million in net sales in 2017. Terms of the transaction were not disclosed.
