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Butterflymx Acquires Cloudkeyz, Uniting Complementary Property Access Technologies

May 18, 2022•about 3 years ago

Acquiring Company

BUTTERFLYMX, INC.

Acquired Company

Harbert Management Corporation

New YorkBirminghamPrivacy And SecurityFinancial Services

Description

ButterflyMX, the leading provider of access control technology for multifamily, commercial, gated communities, and student housing properties, today announced it has acquired cloud-based access control company, CloudKeyz. The acquisition includes CloudKeyz’s assets, team, and customers, which will now operate under the ButterflyMX brand. This deal further expands ButterflyMX’s footprint and adds four powerful new products to its award-winning access control platform, which is currently relied upon by more than 7,500 buildings and 750,000 apartments.

Company Information

Company

BUTTERFLYMX, INC.

Location

127 WEST 26TH STREET - 9TH FLOOR

New York, United States

About

ButterflyMX is your complete property access solution, providing a secure, convenient, and cost-effective way to manage and grant access on the go. Empower your tenants to open doors, gates, and elevators with a smartphone and ensure they never miss a visitor or delivery. Enjoy easy installation and cut costs by eliminating building wiring and in-unit hardware, and save time by integrating with popular access control and property management systems. Join the 6,500+ multifamily, commercial, gated community, and student housing properties that have made access simple with ButterflyMX.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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