Allegion Establishes Corporate Venture Fund

Posted: Updated:
(photo courtesy Allegion) (photo courtesy Allegion)
CARMEL -

Ireland-based Allegion plc (NYSE: ALLE) is launching a $50 million corporate venture fund. The security products company, whose North American headquarters are located in Carmel, says Allegion Ventures will invest in early-stage companies to accelerate the growth of innovative technologies and products.

Allegion says it will focus in companies that are poised for growth and go beyond traditional approaches to make security and access "smart, strong, faster and less intrusive." The fund will be led by Rob Martens, current the head of external partnering and collaboration for Allegion, as its president. 

"Allegion is intent on being at the leading edge of discovery," Martens said in a news release. "We want to use our knowledge of how real people live and work to make security and access better in the future. With the addition of a venture fund, Allegion – already a pioneer in the industry – will help companies grow and scale faster as a result of our market expertise."

Wade Sheek, deputy general counsel for Allegion, will serve as managing principal for Allegion Ventures. The company is also partnering with corporate venture firm Touchdown Ventures to assist the management of the fund. 

You can learn more about Allegion Ventures by clicking here.

  • Perspectives

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • GM recently announced it would invest more than $1 billion in its Fort Wayne Assembly plant.

      Auto Job Fair Coming to Allen County

      General Motors is hiring more than 100 new employees in Fort Wayne. The positions in everything from finance to manufacturing are following a gradually increasing presence in the area for the past few years. In 2016, the company invested $127 million in its casting plant in Bedford and planned to pump an additional $1 billion into the Fort Wayne area over the next few years to double the size of its operation. The expansion of GM’s operations has led to increased business for ...

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • (Image Courtesy: Lilly Oncology)

      Lilly Closes on Mega Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has completed its acquisition of ARMO BioSciences Inc. of California. The deal, which was valued at approximately $1.6 billion when first announced last month, boosts Lilly's immuno-oncology pipeline. Lilly offered $50 per share of ARMO stock for the company. ARMO's portfolio includes...

    • Rose-Hulman Adds New Major

      Rose-Hulman Institute of Technology students now have another option when choosing a major. The Institute has added a engineering design major which is expected to offer a multidisciplinary experience. Students are enrolled to start the new program in the 2018-2019 school year.