Latest news with #Gatewise
Yahoo
08-07-2025
- Business
- Yahoo
Allegion Boosts Product Portfolio With the Acquisition of Gatewise
Allegion plc ALLE recently completed the acquisition of Gatewise Incorporated (Gatewise) through one of its subsidiaries. The financial terms of the transaction have been kept under in Houston, TX, Gatewise is a software-as-a-service providing company that delivers modern and upgradable gate entry systems for multifamily communities. The company offers a mobile app for residents and an online portal for property managers to control access. The latest buyout is in sync with ALLE's policy of acquiring businesses to expand its market share and customer base. The inclusion of Gatewise's smart access control solutions will enable Allegion to strengthen its electronic locks and the Zentra multifamily access portfolio. Also, Gatewise's cloud-based management portal and mobile app will help ALLE to enhance user experience for multifamily property owners and residents by simplifying access management across gates, common areas and individual are an essential aspect of Allegion's growth strategy. The company is trying to improve its long-term results by focusing on strategic acquisitions and regular innovations. In July 2025, ALLE acquired ELATEC to boost its global electronics portfolio in non-residential markets. ELATEC has been incorporated into the Allegion International June 2025, ALLE acquired Novas to boost its door hardware portfolio. Novas has been incorporated into the Allegion International segment. In April 2025, the company acquired Trimco Hardware (Trimco), along with its brands and various assets, through one of its subsidiaries. The inclusion of Trimco's expertise in specialty solutions, coupled with its strong innovation capabilities, enabled Allegion to boost its door and frame portfolio within the Allegion Americas segment. ALLE acquired Lemaar Pty Ltd (Lemaar) in March 2025. This acquisition boosted its security and accessibility portfolio in Australia. The acquired company has been incorporated into the Allegion International segment. In February 2025, Allegion acquired Next Door Company, which expanded its doors and frames portfolio. Next Door has been incorporated into the Allegion Americas segment. Allegion is benefiting from strength in the Allegion Americas segment, driven by an increase in demand for non-residential products across end markets like education, hospitality and retail. Growing awareness about the security and safety of people and infrastructure across the world is driving the International currently carries a Zacks Rank #2 (Buy). In the year-to-date period, the stock has gained 13.3% compared with the industry's 8.2% growth. Image Source: Zacks Investment Research Some other top-ranked companies are discussed below:Life360, Inc. LIF currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 425%. In the past 60 days, the Zacks Consensus Estimate for Life360's 2025 earnings has increased 20%. Holdings, Inc. ALRM presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 15.7%.The Zacks Consensus Estimate for ALRM's 2025 earnings has increased 0.4% in the past 60 Inc. BWEN presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 61.1%.In the past 60 days, the consensus estimate for BWEN's 2025 earnings has increased 14.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report Holdings, Inc. (ALRM) : Free Stock Analysis Report Life360, Inc. (LIF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
07-07-2025
- Business
- Business Wire
Allegion Acquires Access Control Software Provider Gatewise
DUBLIN--(BUSINESS WIRE)-- Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has acquired privately owned Gatewise Incorporated (Gatewise), a leading provider of smart access control solutions in the U.S. multifamily marketplace. Founded in 2017 and based in Houston, Texas, Gatewise is a software-as-a-service provider that offers a modern and retrofit-friendly gate entry system for multifamily communities. The Gatewise portfolio features a mobile app for residents and a cloud-based management portal for property managers. It is highly complementary to Allegion's electronic locks and Zentra multifamily access solution, bringing together expanded perimeter security with unit and common area security. 'This acquisition strengthens Allegion's position as a leader in smart, secure and scalable access solutions, especially for multifamily property owners and their residents,' Allegion President and CEO John H. Stone said. 'Together, Gatewise and Zentra will bring a more complete access and security solution to multifamily properties, delivering recurring value to our customers and end users with seamless, safe experiences.' Gatewise CEO Amit Sherman will join Allegion, helping ensure a smooth integration and working to accelerate growth for the combined businesses. 'Making community access simple while also secure is at the center of our technology,' said Sherman. 'We integrate with leading property management systems, create ease of use with our app and ultimately alleviate the pains of traditional multifamily gate access products. Looking ahead, we're excited to serve even more multifamily communities alongside Allegion and Zentra.' Terms of the transaction were not disclosed. About Allegion At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We're pioneering safety with our strong legacy of leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Our comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. Allegion had $3.8 billion in revenue in 2024. For more, visit Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, the company's ability to successfully integrate the acquisition, achieve anticipated strategic and financial benefits from the acquisition, and statements regarding the company's 2024 and future financial performance, the company's business plans and strategy, the company's growth strategy, the company's capital allocation strategy, and the performance of the markets in which the company operates. These forward-looking statements generally are identified by the words 'believe,' 'aim,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'forecast,' 'outlook,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result' or the negative thereof or variations thereon or similar expressions generally intended to identify forward-looking statements. Forward-looking statements may relate to such matters as projections of revenue, margins, expenses, tax rate and provisions, earnings, cash flows, benefit obligations, dividends, share purchases or other financial items; any statements of the plans, strategies and objectives of management for future operations, including those relating to any statements concerning expected development, performance or market share relating to our products and services; any statements regarding future economic conditions or our performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Undue reliance should not be placed on any forward-looking statements, as these statements are based on the company's currently available information and our current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties - many of which are beyond the company's control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Important factors and other risks that may affect the company's business or that could cause actual results to differ materially are included in filings the company makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and in its other SEC filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. The company undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Time Business News
03-07-2025
- Business
- Time Business News
How Much Does It Cost to Make an App Like Gatewise?
So, your thought of building an app like Gatewise has brought you here, isn't it? A straightforward answer you will get is somewhere between $20,000- $60,000 and beyond. With the increasing advancements in technologies, smart access control is becoming the norm for multifamily buildings and various other commercial spaces, increasing the demand for applications like Gatewise. Modern applications like Gatewise let property managers and residents manage gate and door access right from their smartphones. But before diving into the development process, the million-dollar question here is, what is the actual cost to create an app like Gatewise? Let's not waste any time further and unveil the considerations that you need to make for creating an app like Gatewise. With this blog below you will get a rough idea of the required investment for building apps similar to Gatewise for enhanced security. With applications like Gatewise, you don't have to worry about lost keys and outdated systems. Gatewise is a modern, smartphone-based system that makes gate and door access simpler and secure. Such applications are designed for gated communities and multifamily properties, allowing them to open gates with just a tap on their smartphones. Gatewise facilitates users with a cloud-based management portal that's easy to use and integrates smoothly with the property management software. One of its standout perks is its hardware warranty and dedicated technical support, which gives peace of mind for the long haul. Gatewise is an affordable and user-friendly solution that brings in smarter, more convenient, and stress-free access for both the residents and the managers. The exact cost of developing a mobile application varies depending on several factors like the complexity of the application, features, and API integration, and the app development company you consider to partner with. To create a cost-effective solution, businesses can collaborate with a mobile app development company in India. Here is a detailed explanation of the factors affecting the app development cost, to help you analyze what sort of app you require and how much it will cost: Complexity of the Application: How complexity app you require significantly contributes to the app development cost. An app with basic complexity may cost you somewhere between $10,000- $20,000, whereas for advanced or complex apps it may cost somewhere between $50,000- $70,000+. Platform Choice: The charges to create a Native application increase the cost bracket by 30-40%. Backend Infrastructure: The backend infrastructure, including real-time databases, cloud servers, and IoT connections, increases both setup and maintenance costs. The cost allocation that backend infrastructure requires ranges somewhere between $5,000-$30,000. UI/UX Design: The most important stage of app development is the design and development process that ensures to bring in a better user experience, but surely requires more time, design, and money. Depending on the design pattern, the cost bracket can range somewhere between $5,000-$20,000+. Security Requirements: The app will require the integration of features like encryption, secure logins, and legal compliance, increasing the overall cost. To implement security features, you would require somewhere between $2,000- $10,000+. Third-Party Integrations: Connecting the apps with external systems like PMS, payment gateways, or hardware APIs requires extra development charges. It will add to the overall development cost. Development Team Location: The location of the development team you consider working with will add a significant amount to the overall cost. While building an app similar to Gatewise, there are some basic yet important features that you must consider to integrate to ensure smooth and secure access control. You can hire app developers to seamlessly integrate these features into your application. Resident and Guest Mobile Access: The most basic and essential feature to think of is allowing easy access to both the owners and visitors. Cloud-Based Admin Portal: It should have cloud cloud-based admin portal allowing easy management of access permissions, user data, and system settings remotely from any device. The real-time updates and centralized control make it easier for the administration. Real-Time Access Management: It must have the ability to instantly grant or revoke access to the users, staff, or guests. It is ideal for urgent updates and maintaining tight security. Integration with Property Management Systems (PMS): It must have the ability to automatically sync with your existing PMS for streamlining resident data updates and reducing manual work. Push Notifications and Activity Logs: It must receive instant alerts for access events and review detailed logs to monitor entry activity at any time. Security Protocols and Data Encryption: It must have advanced encryption and security standards for ensuring that all the user data and system communication remain private and protected. Onboarding and Technical Support: Dedicated support teams guide property managers and residents through setup and provide ongoing assistance whenever required. So, it will be fair enough to conclude that the process of building an app like Gatewise is more than just a technological investment; it's a step towards smarter, safer, and more convenient access management for multifamily properties and gated communities. However, to achieve the application within the estimated cost, businesses can collaborate with a software development company. With a clear understanding of all the crucial components, businesses can create the most suitable app development strategy to achieve the best without breaking the bank. TIME BUSINESS NEWS
