Swiss Invest in SwiftConnect Access Control

RUMLANG, Switzerland -- SwiftConnect Inc., a developer of IT systems for physical access management, has announced a strategic investment by dormakaba, a Swiss access and security company.

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, 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 of dormakaba, said, "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,”​​​ ​said 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.

With U.S. headquarters in Indianapolis, dormakaba is a global leader in the access solutions market. The company reimagines access by setting industry standards for smart systems and sustainable solutions across the lifecycle of a building.

For more, go to dormakaba.us or swiftconnect.com.