Allegion acquiring workforce management solution via plano group

DUBLIN – Global security product and solutions provider Allegion has signed a “definitive” agreement through one of its subsidiaries to acquire the assets of the plano Group and its SaaS workforce management solution.

The deal is expected to close sometime during the first fiscal quarter of 2023. Following that, plano will continue to serve advanced workforce management (AWFM) for customers within the Interflex portfolio. General Manager of Interflex, Bernhard Sommer, said that the acquisition will accelerate access driving the expansion of Interflex and it AWFM business with new capabilities.

“This strategic acquisition represents a significant expansion of our position as a market leader in workforce management while underscoring our commitment to growth and meeting customer needs through investment in software solutions,” Sommer said. “It will add mobile-first software engineering talent to our business, while deepening our presence in attractive end-user markets like healthcare, banking and insurance, call centers, retail and municipal government services. At the same time, it will fuel expansion for the plano software platform and offer a broader suite of services to both plano and Interflex customers.”     

“This acquisition will be a natural evolution for plano, providing important capital, scale and demand generation resources,” Robert Schüler, founder of the plano group, said. “Our longstanding relationship with Interflex will support an efficient transition that benefits our customers and builds on our mutual reputations of both quality and excellence.” Schüler will be joining Interflex in order to ensure a smooth integration process and driving progress in the AWFM software business strategy.

This acquisition is hot on the heels of another recent invest by Allegion into Interflex’s AWFM business. Terms of the plan transaction were not disclosed.