Avigilon Acquires Access Control Company, RedCloud Security
Avigilon Corporation, Vancouver, Canada,a provider of high-definition (HD) and megapixel surveillance solutions, announced that it acquired privately-held RedCloud Security, Inc. (RedCloud), an innovative provider of web-based, physical and virtual access control systems. Through the acquisition, Avigilon adds a complementary product line to its end-to-end high-definition surveillance solution and provides the Company with access to a growing segment of the global security market. Analysts estimate the global market for electronic access control will reach $6 billion by 2015.
“RedCloud founder, Terry Neely and his team have redefined physical access control with their unique approach to converging IT and physical security. Avigilon and RedCloud have parallel philosophies when it comes to providing innovative technologies that deliver the most return for our customers,” said Alexander Fernandes, president and CEO of Avigilon. “This acquisition brings new and exciting opportunities for Avigilon to participate in a larger share of the total security market. I’m thrilled to welcome Mr. Neely and his team to Avigilon.”