ACRE (Triton-backed) Acquires Feenics and Matrix Systems
December 2, 2021
ACRE, a Triton Fund V portfolio company, acquired cloud access-control provider Feenics (headquartered in Ottawa) and systems integrator Matrix Systems to broaden its security technology portfolio. The deals expand ACRE's cloud-based ACaaS capabilities and increase its addressable market for integrated access control and video surveillance solutions; financial terms were not disclosed.
- Buyers
- ACRE
- Targets
- Feenics, Matrix Systems
- Platforms
- ACRE
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Addon
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