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dormakaba becomes a strategic investor in SwiftConnect

dormakaba becomes a strategic investor in SwiftConnect

dormakaba becomes a strategic investor in SwiftConnect

RÜMLANG, Switzerland —dormakaba has announced that it has become a strategic investor for SwiftConnect, a platform that ​​integrates identity and physical access, bringing​​​ ​systems and​​ spaces into its connected access network.​​

SwiftConnect ​​automates traditionally manual workflows and​​ connects existing access systems, identity ​​providers​​, and IT systems to form an open​, unified​ network. Companies can​ streamline and​ centrally manage​ the full​ mobile​ and physical credential lifecycle​, enabling secure, manufacturer-independent access to doors, floors, and shared areas.

SwiftConnect was founded in 2020, is based in Connecticut (USA), and employs ​​1​​65​​ people. The company, its platform​, and end-to-end custom integration solutions​ are an ideal complement to dormakaba's global access solutions business.

Till Reuter, CEO dormakaba, says: "With our investment in SwiftConnect, we are focusing on openness and compatibility as key success factors in the access management of the future. SwiftConnect's platform addresses a structural need in the access management market and has great growth potential. We share the common goal of providing customers with access to the most advanced, user-friendly, and secure access technology.“

”dormakaba's strategic investment underscores the ongoing market momentum for SwiftConnect​ as organizations seek to modernize physical access management without replacing their existing infrastructure,”​​​ ​say Chip Kruger and Matt Kopel, co-CEOs of SwiftConnect.

The parties have agreed not to disclose further details and the financial terms of the transaction.

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