ACRE to Acquire Texas-Based Open Options

LAS VEGAS–(BUSINESS WIRE)–ACRE,
a global leader providing state-of-the-art security systems, announced
today it has entered into a definitive agreement to acquire Open Options
based in Addison, Texas. This purchase will enhance ACRE’s strategic
expansion plans for strengthening its access control business and
product portfolio.

• This is the latest M&A activity since ACRE completed the acquisitions
  of ComNet (Danbury, CT) and Access Control Technologies “ACT” (Dublin,
  Ireland) businesses in 2016.
• Open Options will significantly increase ACRE’s position in the access
  control market, with emphasis on North America.

For 20 years, Open Options has developed access control solutions that
connect to leading security technologies to deliver a full-scale
solution based on each customer’s unique needs. Open Options has been a
Mercury Security partner since 1997 and are dedicated to delivering the
most advanced open platform access control solution available on the
market.

ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to
expand ACRE’s competitive position in a highly fragmented market with
great growth potential. “The acquisition of Open Options boosts
Vanderbilt’s reach in the access control market and enhances our product
portfolio with the addition of an open architecture access control
solution,” commented Grillo. “With the international portfolio fully
integrated, it was time to turn our focus to North America.”

“We are pleased to join the ACRE organization with its strong global
reach which will open new opportunities for the Open Options product
range,” said Steve Fisher, Open Options Founder and CEO.

Financial details of the transaction were not released. The transaction
is expected to close in the fourth quarter of 2018.

About ACRE:

ACRE is a global leader in the delivery of integrated technologies and
services. Since its formation in 2012, ACRE has played an instrumental
role in the development and implementation of security technology
initiatives on a global scale. Its Vanderbilt and ComNet brands deliver
advanced solutions to thousands of customers around the world. Today,
ACRE employs more than 325 employees in more than 20 countries. For more
information, visit www.acre-co.com

About Open Options:

Since its founding in 1997, Open Options has been a pioneer in the open
platform community. Today, the company continues to be a leading
provider of innovative access control solutions with the best service
and support teams in the industry. Open Options’ flagship access control
platform, DNA Fusion, interfaces seamlessly with leading security
technologies – including video, biometrics, wireless locks, and more –
to provide customers with a best-of-breed security solution. Our open
business culture and dedication to customer service is what sets us
apart; when you do business with Open Options, you’re doing business
with real people who care about your experience. To learn more about
Open Options and our solutions, visit www.ooaccess.com.

Contacts

Kim M Loy
Chief Marketing Officer
ACRE LLC
Tel: +1 559
321 1824
kimloy@acre-co.com