Triton Expands Portfolio With Wavelynx Technologies Buy

Triton, an investment firm based in Europe, announced it has acquired Wavelynx Technologies, a provider of secure and open mobile-first identity and access control solutions.

The terms of the transaction, which sees Triton and Wavelynx’s co-founders and management invest alongside each other in partnership, were not disclosed.

Based in Broomfield, Colo., Wavelynx will be an independent Triton portfolio company. In 2021, Triton acquired ACRE’s family of companies, which includes Vanderbilt, Open Options, RS2 Technologies, ComNet and Razberi.

Wavelynx operates in the access control market, designing, developing and assembling open hardware and software, including readers, controllers and mobile credentials. The company is a pioneer in leading the physical security industry toward the adoption of mobile-first access control, according to the announcement.  

Triton intends to work in close partnership with Wavelynx’s management and co-founders, applying 25 years of experience in industrial tech investing and security expertise, to accelerate the company’s growth trajectory and success to date. Wavelynx will remain an independent business.

“Physical security is a key focus area for Triton,” stated Sachin Jivanji, an investment advisory professional at Triton. “Our dedicated team of investment professionals and industry experts were able to identify Wavelynx as a platform that is on the right side of a number of the megatrends backing the sector and a company with a unique culture of innovation. We look forward to supporting the world-class team around Hugo Wendling and Robert Lydic to jointly continue the Wavelynx success story.”

Wendling said the newly formed partnership allows Wavelynx to accelerate its growth and remain independent, while continuing “to develop the most advanced and valuable technologies for the commercial security market.”

He continued, “This investment will accelerate innovation at Wavelynx, giving our group access to additional operational expertise and significant capital to take our business to new levels of technology and growth. With Triton’s strong commitment to the security industry and its team’s intricate understanding of it, we will further develop our technology proposition, invest in new products and talent, scale our operations globally, and consider acquisition opportunities that complement our offering.”