Motorola Solutions has announced it has entered into a definitive agreement to acquire Openpath Security Inc., a cloud-based mobile access control provider. Motorola Solutions expects to close the transaction by the end of the month. Terms of the transaction were not disclosed in the announcement.
Openpath company takeover
Openpath is a renowned company within the access control industry. Openpath’s solution makes businesses more secure with multi-factor authentication, enables a contactless entry experience and can be easily scaled and managed due to its cloud-based architecture.
“Securing businesses around the world has never been more critical,” said Greg Brown, Chairman and Chief Executive Officer (CEO) at Motorola Solutions.
Combining the power of video security and access control
This acquisition enables us to combine the power of video security and access control together"
Greg Brown adds, “This acquisition enables us to combine the power of video security and access control together, providing unprecedented situational awareness, where every physical entry and exit is authenticated and recorded with access control and video.”
Businesses will have 24/7 visibility of their access points anywhere around the world and be able to provide a frictionless walk-through experience enabled by a mobile app.
Supporting enterprises with security solutions
The combined leadership of Motorola Solutions and Openpath in video security and access control will allow Motorola Solutions to build on its extensive footprint, in supporting enterprise customers, with an unparalleled security solution.
“With Motorola Solutions, we will continue to pioneer the future of the access control industry,” said Alex Kazerani, the Chief Executive Officer (CEO) of Openpath, adding “We couldn’t be more excited to work together in bringing best-in-class, innovative solutions to organisations around the world to make their business a safer place to be.”