ACRE acquires Time Data Security
- This transaction is ACRE’s first acquisition since being acquired on 11 March 2021 by Triton Partners.
- TDS provides cloud-based work-space solutions that will complement the existing ACRE portfolio including Vanderbilt, RS2, and Open Options brands.
Dallas, TX (Unites States), 26 April 2021 – Triton portfolio company ACRE, a global leader providing state-of-the-art security systems, announced today the acquisition of Time Data Security (“TDS”) based in Dublin, Ireland. Financial details of the transaction were not released.
This acquisition will enhance ACRE’s strategic expansion plans to strengthen its product portfolio and geography in the UK and Europe and bring new cloud-based visitor management and access control products to North America.
TDS, which Frank Hart founded in 1990, has developed a portfolio of products including cloud-based visitor management, life safety and access control applications. TDS is a fast-growing company leveraging the accelerated adoption of digitized off-premise solutions in the security space.
ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position. “We believe we can assist the excellent management team at TDS to leverage our existing reseller channels and end users to help grow this business globally under the ACRE umbrella,” commented Grillo.
Frank Hart, TDS Founder and CEO affirmed, “This is the beginning of an exciting new chapter for TDS. We are delighted to join ACRE with its strong global reach, which will accelerate our growth plans and support our ambitions to be the top provider of smart workplace solutions for enterprise businesses. TDS’s senior board member, Sean Murphy and I are particularly excited to work with Joe Grillo and the management team to further strengthen ACRE’s position as the global leader in the delivery of integrated technologies and services”.
Frank Hart and Sean Murphy will remain with TDS as CEO and Director / Board Member, respectively.
About ACRE
ACRE is a global leader in the delivery of integrated technologies and services. Since its formation in 2012, ACRE has played an instrumental role in the development and implementation of security technology initiatives on a global scale. Its Vanderbilt, Comnet, Open Options and RS2 brands deliver advanced solutions to thousands of customers around the world. Today, ACRE employs more than 400 employees in more than 25 countries.
For more information, visit www.acre-co.com
About TDS
Founded in 1990 and headquartered in Ireland, TDS is a leading provider of smart work -place products including visitor management, life safety and access control software solutions, counting some of the world’s biggest and most prestigious organisations as our customer base. TDS has over 30 years’ experience supporting clients with 3000+ sites and over 25 million users worldwide.
For further information, visit www.timedatasecurity.com
About Triton
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.
The 48 companies currently in Triton's portfolio have combined sales of around €17.7 billion and around 102,000 employees.
For further information: www.triton-partners.com
