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Avigilon gets into access control, buys RedCloud for $17 million

May 30, 2013Martha Entwistle

VANCOUVER—In a $17 million cash purchase, high-definition surveillance provider Avigilon Corp. on May 30 announced it acquired privately held RedCloud Security, a provider of Web-based physical and virtual access control systems.Alexander Fernandes, Avigilon CEO, told Security Systems News that the purchase is a “nice tuck-in” that is “low risk [but] very strategic.”Avigilon purchased the entire RedCloud business and expects it to be “neutral to 2013 earnings and...

Alexander Fernandes, Avigilon, high definition surveillance, RedCloud, Terry Neely