Allegion has signed an agreement to acquire assets of plano, a software-as-a-service (SaaS) workforce management solution.
The company expects to close this deal in the first quarter of 2023, subject to customary closing conditions.
Based in Germany, plano has been a long-time service provider and development partner for Allegion’s European workforce management brand, Interflex, and its SP-EXPERT software platform. Following the close of the acquisition, plano will continue to serve advanced workforce management (AWFM) customers as part of the Interflex portfolio.
Interflex general manager Bernhard Sommer said this acquisition will accelerate seamless access and drive expansion of Interflex and its AWFM business with new capabilities in SaaS models and recurring revenue solutions.
“It will add mobile-first software engineering talent to our business, while deepening our presence in attractive end-user markets like healthcare, banking and insurance, call centres, retail and municipal government services,” said Sommer in a statement.
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