Triton acquires Wavelynx Technologies

BROOMFIELD, Colo. – Triton announced it has signed an agreement to acquire Wavelynx Technologies, a provider of secure and open mobile-first identity and access control solutions.

The terms and conditions of the transaction, which sees Triton and Wavelynx’s co-founders and management invest alongside each other in partnership, were not disclosed. A release clarified that Wavelynx will be an independent Triton portfolio company. 

Wavelynx operates in the access control market, designing, developing and assembling mission-critical open hardware and software, including readers, controllers, and mobile credentials. The company said that it stands apart from competitors with its innovative solutions, strong technology capabilities, and highly experienced management team. It also said it benefits from key emerging trends in security, including the fast penetration of mobile-first technology and cloud-based security, and the industry’s transition towards interoperability and open system architecture.

“Physical security is a key focus area for Triton,” said Sachin Jivanji, investment advisory professional at Triton. “Our dedicated team of investment professionals and industry experts were able to identify Wavelynx as a platform that is on the right side of a number of the megatrends backing the sector and a company with a unique culture of innovation. We look forward to supporting the world-class team around Hugo Wendling and Robert Lydic to jointly continue the Wavelynx success story.”

Hugo Wendling, chief executive officer of Wavelynx, added, “This newly formed partnership allows Wavelynx to accelerate its growth and double down on its commitment to its customers to remain independent and to continue to develop the most advanced and valuable technologies for the commercial security market. This investment will accelerate innovation at Wavelynx, giving our group access to additional operational expertise and significant capital to take our business to new levels of technology and growth. With Triton’s strong commitment to the Security industry and its team’s intricate understanding of it, we will further develop our technology proposition, invest in new products and talent, scale our operations globally, and consider acquisition opportunities that complement our offering.”