We are thrilled to announce that Ticto will be acquired by RightCrowd Ltd (www.rightcrowd.com) based out of Australia (ASX: RCW). The transaction is expected to close in January 2019.
RightCrowd is a fast-growing company with a value proposition that is very similar to Ticto: “Everyone on site is right”. RightCrowd’s software platform is used by a number of Fortune 500 clients to define and manage safety, security and compliance rules that are linked up with business systems. The RightCrowd platform then enforces these rules in the form of access rights in underlying Physical Access Control Systems (PACS) in use at this corporation.
RightCrowd and Ticto are strongly convinced that the combination of the two companies creates an entity with a unique value proposition in the security market. With Ticto, RightCrowd now also has a means to close the loop by enforcing the defined rules and feeding the enforcement validation back to the RightCrowd platform. The combination of RightCrowd software with Ticto wearables thus offers a complete solution, which still can seamlessly integrate with a customer’s existing access control system. Furthermore, there is a great geographical match as Ticto’s European presence nicely complements RightCrowd’s existing footprint in Australia and North America.
This transaction gives Ticto’s technology a great home, and ensures that we can continue to execute on our strategy to develop user-friendly security wearables that enable Continuous Risk-based Access and Presence Control ô. The commitment of the entire Ticto team is stronger than ever during this exciting time !