ACRE has acquired TDS based in Dublin, Ireland, for an undisclosed sum. This purchase will enhance ACRE’s expansion plans for strengthening the product portfolio and geography in the UK and Europe and bringing new cloud-based visitor management and access control products to North America.
This is ACRE’s first acquisition since being acquired March 11 by Triton Partners. TDS provides cloud-based workspace solutions that will complement the existing ACRE portfolio including the Vanderbilt, RS2, and Open Options brands.
ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position. “We believe we can assist the excellent management team at TDS to leverage our existing reseller channels and end users to help grow this business globally under the ACRE umbrella,” said Grillo.
Frank Hart, TDS Founder and CEO, added: “TDS’s senior board member Sean Murphy and I are particularly excited to work with Joe Grillo and the management team to further strengthen ACRE’s position as the global leader in the delivery of integrated technologies and services.”
Frank Hart and Sean Murphy will remain with TDS as CEO and Director / Board Member, respectively.