Salto Systems, S.L

Salto Systems, S.L Overview

Company Headquarters: Spain

Founded: 2001

Workforce: ~5,000

Company Working: Salto Systems, S.L (Salto System) specializes in electronic access control solutions, offering electronic locks, software, and access management solutions that provide customers with control over building access. Their access control solutions are designed for industries such as commercial buildings, hospitality, education, residential, and gated communities. The company's electronic lock systems include wireless communication, mobile credential support, audit trail tracking, and Anti-pass back functionality. Additionally, their access control software allows customers to manage users, assign access rights, configure schedules, and monitor the system in real-time. Salto operates globally from offices in Europe, North America, Latin America, and Asia and has a network of distributors and partners that sell and install their systems. Their customer base includes large multinational corporations, property developers, hospitality chains, educational institutions, and residential complexes.

Strategy

Salto's key strategy is to remain an innovative solutions provider of wireless, mobile, and integrated access control systems. Company aim to achieve this through a three-pronged approach of product development, geographic expansion, and strategic acquisitions. They will continue to invest in R&D to develop new products and features that enhance their solutions' flexibility, security, and user experience. They will also expand their distribution network and market presence in new regions through partnerships to achieve geographic scale. Finally, they will pursue select acquisitions of companies with complementary technologies and products to broaden their solutions portfolio and strengthen their capabilities. The overall goal is to combine organic growth through new product development with inorganic growth via partnerships and M&A to drive continued expansion for Salto while defending its position as a leading innovator in the access control market.

Company Snapshot

5,000

Employees

2001

Founded

Spain

Headquarters

SWOT Analysis

Strengths

Wireless and mobile credential technology for flexibility and convenience
Global operations and network of distribution partners

Weaknesses

Primarily focused on electronic locks, lacking in other physical security products
Faces competition from larger access control companies

Opportunities

Expand product portfolio to include video surveillance, intrusion detection, etc.
Pursue strategic acquisitions to complement existing solutions and technologies

Threats

Increased competition from both traditional and emerging access control companies
Technological advances in access control solutions by competitors

Key Developments

Date	Approach	Development
April 2023	Acquisition	SALTO Systems, a leading global provider of electronic access control solutions, has reaffirmed its dedication to providing secure and effortless face recognition access control by acquiring TouchByte, a technology innovator based in the UK. TouchByte is renowned for its cutting-edge face recognition systems that enable frictionless access control.
November 2022	Product Development	SALTO Systems launched a revolutionary new platform aimed at the residential market with SALTO Homelok. The all-in-one solution integrated smart access control technology, hardware, cloud software, digital keys, a smart living ecosystem, and global service support, and it was set to revolutionize residential living.
September 2021	Collaboration	SALTO SYSTEMS and Apple HomeKit collaborated to bring SALTO's smart locks to Apple's HomeKit platform. This collaboration allows users of Apple HomeKit to control their SALTO smart locks using the Home app.

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