Through this acquisition, Motorola Solutions will be able to expand on its broad presence in serving enterprise customers with an unsurpassed security solution.
Motorola Solutions has entered into a definitive agreement to acquire Openpath Security Inc, a cloud-based mobile access control provider. The transaction is expected to close by the end of the month. Terms of the transaction were not disclosed.
Leading 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 because of its cloud-based architecture.
Greg Brown, Chairman and CEO, Motorola Solutions, said, “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 be able to see their access points from anywhere in the world at any time, and will be able to give a frictionless walk-through experience using a mobile app. Motorola Solutions will be able to expand on its broad presence in serving enterprise customers with an unsurpassed security solution due to the combined leadership of Motorola Solutions and Openpath in video security and access control.
“With Motorola Solutions, we will continue to pioneer the future of the access control industry,” said Alex Kazerani, CEO, Openpath. “We couldn’t be more excited to work together in bringing best-in-class, innovative solutions to organizations around the world to make their business a safer place to be.”