Salto Systems, S.L.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Salto Systems, S.L. - overview
Established
2001
Location
Gipuzkoa, -, Spain
Primary Industry
Electronics
About
Based in Spain, Salto Systems, S. L. offers innovative smart access and identity management solutions aimed at enhancing security and operational efficiency for various sectors. Founded in 2001 in Gipuzkoa, Spain, Salto Systems, S.
L. specializes in electronic locking systems. The firm has completed a total of 4 deals and recently concluded a Secondary Buyout in which they raised EUR 57. 20 mn from Access Capital Partners, bringing the total amount raised to EUR 57.
20 mn. The company is led by CEO Axel Schmidt, while Marc Handels is noted as the founder. Salto Systems specializes in smart access and identity management solutions designed to enhance security and operational efficiency across various industries. Their core product offerings include a range of electronic locking systems, such as the XS4 One S, which integrates with Salto’s comprehensive smart access control ecosystem.
Salto's solutions are engineered to eliminate reliance on traditional mechanical keys, utilizing technologies such as cloud-based systems, face recognition, and smart intercom solutions to provide seamless access control. The company services a diverse client base, including commercial facilities, educational institutions, healthcare environments, hospitality venues, and retail businesses. Their products are available in multiple geographical markets worldwide, including North America, Europe, Asia Pacific, and Latin America, allowing them to cater to a broad spectrum of end users seeking innovative security solutions. In 2023, Salto Systems reported a revenue of EUR 455,144,830.
20 with an EBITDA of EUR 103,290,766. 80. The company generates revenue through direct sales and subscription-based access control solutions, primarily targeting B2B clients such as corporate offices, educational institutions, and hospitality providers. Transactions are often structured around the provision of electronic locking devices, software subscriptions for cloud-based access management, and installation services, with customers engaging in multi-year contracts for ongoing support and software updates.
Salto Systems plans to enhance its product line with upcoming launches set for late 2024, focusing on next-generation smart access solutions. The company is targeting expansion into the Asia Pacific and Latin American markets by 2025, leveraging its recent funding round to support these initiatives. The EUR 57. 20 mn raised in the latest funding will be allocated towards research and development, marketing efforts, and establishing a stronger presence in the newly targeted regions.
Current Investors
Sofina, Alantra, Florac
Primary Industry
Electronics
Sub Industries
Electronics, Application Integration Software, Connectivity Software, Monitoring & Security Software
Website
www.saltosystems.com/
Verticals
Cloud Computing, IoT (Internet of Things), Manufacturing, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Salto Systems, S.L. - timeline of key events
Salto Systems, S.L. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 60,591,405 | 67,551,774 | 77,607,994 | 94,369,000 | 110,171,000 | 105,371,000 | 279,355,000 | - | - | - |
| % Revenue Growth (YoY) | - | 11.5% | 14.9% | 21.6% | 16.7% | (4.4%) | 165.1% | - | - | - |
| EBITDA (USD) | 13,547,253 | 13,934,384 | 14,424,753 | 16,238,000 | 23,558,000 | 20,346,000 | 63,168,000 | - | - | - |
| Operating Income (USD) | 12,186,619 | 12,502,881 | 12,962,286 | 14,628,000 | 21,128,000 | 17,702,000 | 46,188,000 | - | - | - |
| Operating Margin | 20.1% | 18.5% | 16.7% | 15.5% | 19.2% | 16.8% | 16.5% | - | - | - |
| % EBITDA Margin | 22.4% | 20.6% | 18.6% | 17.2% | 21.4% | 19.3% | 22.6% | - | - | - |
| NET Income (USD) | 12,496,031 | 16,153,153 | 15,351,382 | 22,986,000 | 26,323,000 | 28,356,000 | 37,256,000 | - | - | - |
| % Net Margin | 20.6% | 23.9% | 19.8% | 24.4% | 23.9% | 26.9% | 13.3% | - | - | - |
Salto Systems, S.L. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.