Allegion and Brivo have integrated the Schlage XE360 smart lock into Brivo’s Security Suite, enabling the lock to connect directly to a building’s Wi‑Fi network through a Real‑Time Wi‑Fi Flex module. The integration eliminates the need for separate gateways or power supplies, allowing the lock to operate over existing Wi‑Fi infrastructure.
The partnership expands Allegion’s product portfolio into fully cloud‑connected access control and positions the company to capture a larger share of the growing smart‑lock market, which is projected to reach $28.48 billion by 2034. Brivo benefits by adding a best‑in‑class lock to its open ecosystem, enhancing its offering for multi‑family and mixed‑use properties.
Allegion’s Q3 2025 earnings showed revenue of $1.07 billion and adjusted EPS of $2.30, exceeding analyst expectations. The company cited strong demand for cloud‑connected access solutions and cost‑effective installation as key drivers of the quarter’s performance. Management noted that the new integration aligns with the company’s strategy to accelerate growth in the non‑residential segment.
In Q4 2023, Allegion reported net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. The company’s prior period results demonstrate a steady revenue trajectory and a focus on expanding its electronics portfolio through acquisitions such as Gatewise and ELATEC.
Brivo’s CEO John Szczygiel said the partnership “provides a first‑in‑industry solution that simplifies installation and reduces costs for customers, especially in multi‑family and mixed‑use markets.” Allegion’s CEO Mark Casey added that the collaboration “strengthens our competitive advantage in the non‑residential segment and supports our long‑term growth strategy.”
The integration is expected to boost Allegion’s Access Control segment, which accounted for 45% of total revenue in 2023. By offering a Wi‑Fi‑enabled lock, the company can increase penetration in commercial and residential markets that demand cloud‑connected solutions.
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