ACRE, the parent company of Vanderbilt, Open Options, RS2 Technologies and ComNet, announced on Thursday that it has acquired Texas-based video surveillance solutions provider Razberi Technologies. Financial terms of the deal were not disclosed.
In a statement, ACRE said the purchase would enhance its strategic expansions plans as it pertains to strengthening their video and communications business and product portfolio. This is the latest M&A transaction for ACRE since it completed the acquisitions of two access control businesses - Open Options in December 2018 and RS2 in May 2019.
Founded in 2011, Razberi has developed a portfolio of products that enable enterprises to deploy a secure, best-of-breed video surveillance system. The company’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.
“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,” said ACRE CEO Joseph Grillo.
Tom Galvin, Founder and Chief Product Officer of Razberi, will remain as General Manager of the business following the acquisition.
“We are excited to join the ACRE organization with its strong global reach that will open new opportunities for the Razberi product range,” said Tom Galvin, Founder and Chief Product Officer, Razberi.
Imperial Capital were the advisors to Razberi on this transaction.
