Security company picks up Boulder’s ISONAS

BOULDER — Allegion plc (Nasdaq: ALLE) will acquire ISONAS Security Systems Inc., a Boulder company, for an undisclosed amount. The deal, which is subject to customary closing conditions, is expected to close early third-quarter 2018. According to a Zack’s Equity Research report as reported by Nasdaq, ISONAS owns computer technology that produces access control solutions for non-residential markets. ISONAS had $6 million in revenue in 2017, according to the report. Allegion is a security company that produces a range of products such as locks and levers. It is recognized as the inventor of the “panic release bar” exit device in 1908. ISONAS adds to the company’s electronic security systems. Allegion’s world headquarters is in Dublin, Ireland, with U.S. headquarters in Carmel, Ind. Facebook Twitter Google+ LinkedIn Email Print

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