Allegion to Acquire SaaS Workforce Management Solution Firm, Plano

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Allegion ($NYSE:ALLE) PLC is a global provider of security products and solutions. The company has agreed to acquire SaaS workforce management solution firm, plano’s assets. Terms of the deal were not disclosed but the transaction is expected to close in the first quarter of 2023. The acquisition of plano will add a leading workforce management solution to Allegion’s existing portfolio of products and services.

The move will strengthen Allegion’s position in the growing market for security solutions. The acquisition is subject to customary closing conditions, including regulatory approvals.

Stock Price

Allegion, a leading global provider of security products and solutions, announced on Monday that it has agreed to acquire Plano, a provider of cloud-based workforce management solutions. This move will allow Allegion to expand its portfolio of security solutions and better serve its customers. Allegion’s stock price rose 3.8% on the news, indicating that investors are confident in the company’s ability to execute on this acquisition. With this acquisition, Allegion is positioned to become a leader in the fast-growing market for cloud-based security solutions.

VI Analysis

According to VI Risk Rating, Allegion PLC is a medium risk investment in terms of financial and business aspects. The company has a strong balance sheet and income statement, but there are some risk warnings in these areas that investors should be aware of. Register with us to check out these warnings and get more information on Allegion PLC.

VI Peers

Its competitors include Perla Group International Inc, Powerlock International Corp, and Drone Guarder Inc. While each company offers unique products and solutions, Allegion PLC is the clear leader in the industry.

– Perla Group International Inc ($OTCPK:PERL)

Drone Guarder Inc. is a market leader in the development and manufacture of drones and related technology. The company has a strong focus on research and development, and its products are used in a variety of applications including law enforcement, search and rescue, and security. Drone Guarder Inc. has a strong reputation for quality and reliability, and its products are backed by a team of experts who are available to provide support and training. The company’s products are sold through a network of authorized dealers and distributors.

Summary

Allegion PLC is a great investment for several reasons. First, the company is a leader in the security industry with a strong portfolio of products and solutions. Second, Allegion has a strong track record of growth and profitability. Third, the company has a strong balance sheet with plenty of cash and no debt.