Eagle Eye Networks CEO pays US$50M for Brivo
Brivo announced on June 11 that the company has been acquired for US$50 million by Dean Drako, president and CEO of Eagle Eye Networks.
June 12, 2015 By SP&T Staff
As the owner, Drako will serve as chairman while Steve Van Till, Brivo’s president and CEO, will continue to lead the company.
“My goal was to acquire the physical security industry’s best access control system,” said Drako in a statement. “Brivo’s true cloud architecture and open API approach put it a generation ahead of other access control systems. Cloud solutions provide exceptional benefits and Brivo is clearly the market and technology leader. Brivo is also committed to strong, long-standing relationships with its channel partners, which I believe is the best strategy for delivering extremely high customer satisfaction.”
Brivo’s Cloud-based access control system currently services more than six million users and more than 100,000 access points.
According a statement released by the company, Drako sees the opportunity to accelerate the cloud technology shift already underway in the physical security industry by combining Brivo’s Cloud access control with his Cloud video surveillance company. An integrated solution combining Brivo OnAir Cloud-based access control with Eagle Eye Networks’ Cloud security camera system will be made available by Brivo as an initial step with sales expected to begin in July.
The solution will provide:
Video verification of door events, with natively viewable and searchable video.
Door event visibility in video — Brivo OnAir door events will appear within the Eagle Eye Security Camera VMS.
“We are extremely excited that Dean Drako has acquired Brivo and is serving as chairman. In addition to Dean’s experience founding and leading Barracuda Networks to be a multi-billion dollar company, he has grown his latest company, Eagle Eye Networks, to be the technology leader in cloud video surveillance,” said Van Till in a statement.
See a video of Dean Drako addressing the purchase here.
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