Safetrust Secures Strategic Investment from dormakaba
February 24 2025 - 12:00PM
Safetrust, a leader in secure identity solutions,
has received a strategic investment from
dormakaba, a global access solutions provider. As
Safetrust continues to outpace the security industry growth by
supporting some of the world’s largest organizations, this
collaboration expands the market reach of its innovative access and
identity solutions while accelerating progress in
post-quantum-ready (PQR) security.
Security threats are evolving at an unprecedented pace,
requiring enterprises to adopt solutions that enhance safety and
future-proof their infrastructure against new risks. At the same
time, organizations need adaptable systems that can evolve in real
time to counter emerging threats. Safetrust transforms security
intelligence by combining neuroscience with hard-to-mine data,
providing actionable insights into identity interactions. Whether
verifying a forklift operator in a distribution warehouse, granting
a medical professional access to a drug cabinet, or protecting
digital assets, Safetrust offers organizations a unified,
data-driven approach to security using its network of
cloud-connected sensors.
"Safetrust bridges the connection between people, things, and
the resources they interact with, empowering customers to enhance
safety and operational efficiencies—solving today’s security
challenges while preparing for the digital world of tomorrow," said
Jason Hart, CEO of Safetrust. "By combining
dormakaba’s expertise in smart, sustainable access solutions with
Safetrust’s global ecosystem of identity and workplace insights, we
drive a shared vision for secure access.”
“We are extremely impressed by the development of Safetrust over
the past years and are delighted to partner with the company in the
future,” said Till Reuter, CEO of dormakaba. “This
investment aligns with our strategy and strengthens our position as
a leading access solutions provider in the North American
market.”
Imperial Capital served as Safetrust’s exclusive financial
advisor for the transaction. John Mack III,
EVP & Co-Head of Investment Banking at Imperial
Capital, stated, "This investment represents a significant
opportunity for both companies to leverage their respective
strengths and drive innovation in the rapidly evolving identity
security landscape."
Meet Safetrust and dormakaba at ISC West in Las Vegas,
NV, April 1-3, 2025, to explore the latest secure identity and
access solutions advancements. For more information, visit
www.safetrust.com.
About Safetrust
Safetrust delivers scalable, post-quantum-ready security through
a fully managed identity ecosystem. Trusted by the world’s largest
organizations, Safetrust enables secure access to physical and
logical systems, including doors, elevators, turnstiles, and
computers. By leveraging existing infrastructure, Safetrust
eliminates the need for costly hardware upgrades while enabling
centralized device management and mobile credential adoption. Its
neural sensor-enabled readers analyze behavior, detect anomalies,
and provide real-time safety insights, enhancing security and
operational efficiency.
About dormakaba Group
dormakaba is a leading global provider in the access solutions
market. The company reimagines access by setting industry standards
for smart systems and sustainable solutions across the lifecycle of
a building. More than 15,000 employees worldwide provide their
expertise together with distribution partners to a growing customer
base in more than 130 countries. dormakaba supports its customers
with a broad, innovative portfolio of integrated access products,
solutions and services that easily fit into building ecosystems to
create safe, secure and sustainable places where people can move
around seamlessly.
dormakaba is listed on the SIX Swiss Exchange and is
headquartered in Rümlang near Zurich (Switzerland). It generated a
turnover of CHF 2.8 billion in financial year 2023/24. SIX Swiss
Exchange: DOKA. Further information about dormakaba Group on
www.dormakabagroup.com/en.
Media Contact:
Brooke GrigsbyVP Marketing and Investor
Relationsbgrigsby@safetrust.com+1 510 497 0799