The following article appeared on Security Systems News.
BROOMFIELD, Colo. – Triton announced it has signed an agreement to acquire Wavelynx Technologies, a provider of secure and open mobile-first identity and access control solutions.
The terms and conditions of the transaction, which sees Triton and Wavelynx’s co-founders and management invest alongside each other in partnership, were not disclosed. A release clarified that Wavelynx will be an independent Triton portfolio company.
Wavelynx operates in the access control market, designing, developing and assembling mission-critical open hardware and software, including readers, controllers, and mobile credentials. The company said that it stands apart from competitors with its innovative solutions, strong technology capabilities, and highly experienced management team. It also said it benefits from key emerging trends in security, including the fast penetration of mobile-first technology and cloud-based security, and the industry’s transition towards interoperability and open system architecture.
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