Latest news with #Zentra
Yahoo
09-07-2025
- Business
- Yahoo
Allegion Boosts Access Solutions Portfolio With Waitwhile Acquisition
Allegion plc ALLE recently completed the acquisition of privately owned Waitwhile Inc. (Waitwhile) through one of its subsidiaries. The financial terms of the transaction have been kept under in San Francisco, CA, Waitwhile is a software-as-a-service providing company that offers cloud-based solutions for appointment scheduling and queue management. The company provides a virtual waitlist and scheduling platform with real-time status updates, instant messaging and analytics to improve operational efficiency and reduce wait times across in-person and online services. The latest buyout is in sync with ALLE's policy of acquiring businesses to expand its market share and customer base. The addition of Waitwhile's cloud-based appointment scheduling and queue management solutions will enable Allegion to strengthen its software capabilities and digital access solutions portfolio across non-residential markets. This includes several markets like education, healthcare, government, commercial and retail. Also, the inclusion of Waitwhile's real-time updates, instant messaging and analytics will facilitate ALLE to offer its customers with improved crowd management capabilities and reduce wait 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 completed the acquisition of Gatewise Incorporated (Gatewise) through one of its subsidiaries. The inclusion of Gatewise's smart access control solutions will enable Allegion to strengthen its electronic locks and the Zentra multifamily access portfolio. In the same month, 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 13.6% compared with the industry's 8.7% 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 sports a Zacks Rank of 1. 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 #2 (Buy). 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
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.
