Eric Trabold

STANLEY Partners with Nexkey to Expand Access Control Portfolio

Posted by Jay Bartlett December 13, 2021 12:16 pm Categories: Access Control, Distributors / Systems Integrators. Tags: Eric Trabold, Matthew Kushner, Nexkey, Stanley Black & Decker, STANLEY Security.

STANLEY Security announced its investment In Nexkey a cloud-based access control solutions. This investment – backed by STANLEY Ventures, the venture capital arm of Stanley Black & Decker (NYSE: SWK) – is the start to a strategic partnership between the two companies. Nexkey launched in 2018 to provide businesses an easier way to unlock and manage door access.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.