Allegion, a leading global provider of security products and solutions, has acquired Gatewise, a provider of smart access control solutions in the U.S. multifamily market, through one of its subsidiaries.
Founded in 2017 in Houston, Texas, Gatewise is a software-as-a-service provider offering a retrofit-friendly gate entry system for multifamily communities. Its portfolio includes a mobile app for residents and a cloud-based management portal for property managers, complementing Allegion’s electronic locks and the Zentra access solution to enhance overall security.
Gatewise CEO Amit Sherman will join Allegion to facilitate integration and promote growth for the combined businesses. Transaction terms remain undisclosed.
KEY QUOTES:
“This acquisition strengthens Allegion’s position as a leader in smart, secure and scalable access solutions, especially for multifamily property owners and their residents. Together, Gatewise and Zentra will bring a more complete access and security solution to multifamily properties, delivering recurring value to our customers and end users with seamless, safe experiences.”
Allegion President and CEO John H. Stone
“Making community access simple while also secure is at the center of our technology. We integrate with leading property management systems, create ease of use with our app and ultimately alleviate the pains of traditional multifamily gate access products. Looking ahead, we’re excited to serve even more multifamily communities alongside Allegion and Zentra.”
Amit Sherman
