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March 2, 2023


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ACRE completes acquisition of PremiSys software and hardware portfolio from IDenticard

Security system provider ACRE has announced it has completed the acquisition of the PremiSys software and hardware portfolio and associated assets from IDenticard.

The company says the acquisition will extend ACRE’s global customer base and further consolidate its access control application portfolio. The acquisition also extends opportunities for ACRE in healthcare, education, data centres, and senior living facilities.

PremiSys’ technologies enable organisations to self-manage door access, view integrated video and lockdown facilities.

“Since its inception, ACRE’s overarching goal has been to consolidate access control and customers under one umbrella,” said Darren Learmonth, CTO, ACRE. “This acquisition represents another important step in ACRE’s transformation, solidifying the company as the leader in the rapidly growing access control market.”

This deal follows a history of acquisitive growth for ACRE. In 2021, it purchased Feenics and Matrix to address evolving customer requirements in cloud and enterprise segments, and added SISCO to its growing family of brands in 2022.

Speaking to IFSEC Global on the new acquisition, Darren explained what PremiSys brings to the overall ACRE portfolio:

“ACRE’s acquisition of PremiSys provides the company with a comprehensive, integrated security platform that allows locations to manage door access, view integrated video data, and secure facilities. It also enables ACRE to tap into opportunities in the growing education, data centre, PropTech, and senior living markets.

“Although cloud and RMR are the future of the security industry, there is still a significant market share that prefers on-premises security software. With the acquisition of PremiSys, ACRE can tap into specific verticals where its current on-prem portfolio is not traditionally used. ACRE already has an excellent cloud offering and migration plan to migrate customers when they are ready to transition to cloud.

“Currently, ACRE’s immediate plan is to evaluate the strengths and skills of the PremiSys portfolio and R&D team and decide the best way to leverage them in conjunction with other engineering efforts. We are also taking the time to assess the product roadmap and make adjustments based on new strategies. Once their plans have been finalised, ACRE will communicate their plan to all customers and dealers.”

Further commenting on what the acquisition meant for current PremiSys users, Darren said that the company does not expect any disruption, with a “detailed integration plan” currently being built out to ensure a smooth transition moving forward. He added: “All PremiSys dealers are expected to be retained, which will keep the customer’s first line of support intact, and their existing PremiSys system integrator will onboard them into the ACRE ecosystem.”

The financial details of the transaction were not disclosed.


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