Media Contact for Genea + Sequr
Head of Marketing
FOR IMMEDIATE RELEASE
January 7, 2020
IRVINE, CA – Genea today announced it has acquired cloud-based physical access control company, Sequr, Inc., further expanding its portfolio of commercial real estate technology solutions.
“Sequr was an ideal fit for Genea,” said Michael Wong, CEO of Genea. “Almost all of our customers who use our OTHVAC and/or submeter billing software solutions have been searching for help with access control. Similar to our current offerings, Sequr’s software typically integrates directly with properties’ existing hardware which allows for a significantly more cost-effective solution. Sequr also shares Genea’s philosophy of providing outstanding customer experiences to its clients. This was a perfect combination.”
Sequr addresses the limitations and pain points related to using on-premise access control software with a cloud-based offering that improves convenience, transparency, security and safety. Their combination of enterprise-level security, management portal and limitless scalability means that customers can access the features normally reserved for the Fortune 500 at an affordable price. Even more, Sequr turns everyone’s phones into their access card. No more retractable badges, no more getting locked out of the office.
“Since its inception in 2014, Sequr was designed to automate physical access control to reduce the cost and time associated with managing access to your facilities,” said Mike Maxsenti, co-founder of Sequr. “When we evaluated strategic alternatives to accelerate our growth, Genea immediately stood out. Our similar customer-centric values and product alignment made us confident that this partnership would best position us as a leader in the fast growing cloud-based physical access control market. The Genea team has earned the trust of its property management and engineering customers which makes it an outstanding platform for Sequr.”
This acquisition marks Genea’s second acquisition in less than a year acquired Moylan Energy Management, Inc. in July 2019.
Genea is a rapidly growing SaaS (software as a service) company headquartered in Irvine. We provide software solutions that help office buildings create a great experience for their tenants and reduce the workload on property teams that helps increase asset value, process efficiency, and tenant satisfaction. Genea’s software is implemented in over  million square feet of properties, helping property teams modernize their workflows and tenant experience. The software is backed by 24/7 support and monitoring from Genea’s US-based service team, resulting in a 99% customer retention rate. For more information, visit www.getgenea.com.
Sequr is a state-of-the-art, cloud-based physical access control system designed to integrate existing hardware systems into a unified platform that enhances safety and security. Sequr turns everyone’s phones into their access card. No more retractable badges, no more getting locked out of the office. For more information, visit https://www.sequr.io/ .