International. Motorola Solutions has signed a definitive agreement to acquire Openpath Security Inc., a cloud-based mobile access control provider. The transaction is expected to close in the coming weeks. Terms of the transaction were not disclosed.
Openpath is a company specialized in access control. It offers multi-factor authentication, enables a contactless entry experience, and can be easily scaled and managed due to its cloud-based architecture.
"Securing business around the world has never been more critical," said Greg Brown, president and chief executive officer of Motorola Solutions. "This acquisition allows us to combine the power of video security and access control, providing unprecedented situational awareness, where every physical entry and exit is authenticated and recorded with access and video control."
Businesses will have visibility into their hotspots 24/7 anywhere in the world and will be able to provide a frictionless tour experience enabled by a mobile app. This acquisition will enable Motorola Solutions to leverage its extensive footprint to support enterprise customers with an unparalleled security solution.
"With Motorola Solutions, we will continue to pioneer the future of the access control industry," said Alex Kazerani, CEO of Openpath. "We couldn't be more excited to work together to bring the best innovative solutions to organizations around the world to make their business a safer place."
