Capstone Headwaters advised ISONAS, Inc. (“ISONAS” or the “Company”), on its sale to Allegion (NYSE:ALLE). Terms of the transaction were not disclosed. ISONAS, based in Boulder Colorado, is a leading provider of innovative connected network device hardware and cloud delivered software solutions for physical access control in non-residential markets.
ISONAS CEO Rob Mossman commented
“Our long-term, trusted relationship with Capstone Headwaters began with an institutional equity raise from Alerion Capital in 2014. The Capstone team leveraged their key insights and deep industry relationships to achieve a successful outcome for our shareholders.”
Tom McConnell, Managing Director at Capstone Headwaters, noted that
“Rob Mossman and his team capitalized on strong technology to create an intriguing customer value proposition and successfully build a fast-growing edge-computing technology company. This leadership team benefited from the Board level guidance of Alerion Capital to drive an amazing evolution of the business and we were delighted to work with them on both the capital raise and sale transaction.”