Avigilon Acquires RedCloud Security

High-definition (HD) and megapixel surveillance solutions industry leader Avigilon has acquired RedCloud Security, Inc. RedCloud is known for being an innovative provider of web-based, physical and virtual access control systems.

Avigilon, a brand which SysControl supplies in South Africa, adds a complementary product line to its end-to-end high-definition surveillance solution through this venture. They also provide 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.

According to Alexander Fernandes, president and CEO of Avigilon, RedCloud founder, Terry Neely and his team have redefined physical access control. By utilising a unique approach to converging IT and physical security, Redcloud has firmly made its imprint on the industry. “Avigilon and RedCloud have parallel philosophies when it comes to providing innovative technologies that deliver the most return for our customers,” said Fernandes. “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.”

RedCloud sets itself apart from other access control systems. Unlike other access control systems they make use of a patented, web-based, physical and virtual appliance platform that is open and has the ability to effortlessly integrate with IT systems.

Similar to Avigilon’s high-definition surveillance solutions, RedCloud’s products were engineered from the ground up for the modern IT era to deliver a new industry standard in performance, integration and ease of use. As a result, the company has experienced recent growth from selling their technology to large corporate and educational clients.

The RedCloud acquisition came at a whopping price of $17 million in cash. Terry Neely will continue to lead the access control development team.