1. Transact and ASSA ABLOY partner to modernize campus security. 2. 40% of organizations now use mobile access credentials, up from 32% in 2022.
Increasing adoption of mobile access solutions aligns with market trends favoring security innovations. Similar partnerships have historically led to stock price appreciation during tech adoption phases.
The partnership highlights a growing market for mobile security solutions, which may benefit ROP's future strategy and partnerships.
The ongoing trend toward mobile solutions signals a lasting shift in security markets. Historical trends indicate companies involved in innovative collaborations often see sustained growth.