RedCloud Acquisition ‘Just Made Good Sense’ for Avigilon
In what the company’s president and CEO describes as an “opportunistic and synergistic” move, Avigilon Corp. acquired RedCloud Security Inc., combining Avigilon’s strength in HD and megapixel video with RedCloud’s Web-based physical and virtual access control systems.
“This access control opportunity came along and it just made good sense,” says Alexander Fernandes, president and CEO of Avigilon. “When we talk about growth, we ask, ‘What is our addressable market?’ With RedCloud, we’ve expanded that market, so this gives us more runway for growth.”