This Research Note examines Allegion’s relationships with smart building startups over the last 6 years. We highlight recent startup acquisitions, venture capital investments, and strategic alliances which complement their predominantly mechanical security products and systems business. This article updates our previous Research Notes in March 2025 on Allegion’s strategic direction and our coverage of the Elatec acquisition in June 2025. This analysis is part of our report on Startups in Smart Buildings H1 2025, in which we review 8 smart building incumbents’ relationships with new entrants. Allegion is included as the major physical security player that has demonstrated a significant appetite to invest in startups over the last six years. Allegion Startup Acquisitions In July 2025, Allegion acquired two US startups to complement and extend its software portfolio: Gatewise and Waitwhile. Founded in 2017 and based in Houston, Texas, Gatewise is a software-as-a-service provider that offers a modern and retrofit-friendly gate entry system for multifamily communities. […]