Toronto-based SaaS Enterprise Safety Company Field ID Acquired By Security Hardware Maker Master Lock

Master Lock has acquired Toronto-based software-as-a-service enterprise security solution provider Field ID in a deal the terms of which weren't disclosed. We've heard the deal involving the five year-old startup was in the tens of millions, however, and that the company's angel investors were very pleased with the arrangement. The purchase nets Master Lock an entry into the software market, something it's been looking for according to Field ID CEO Somen Mondal.

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