Smart Building Pioneer Brivo to Become Publicly Traded Company Through Merger With Crown PropTech Acquisitions
The leader in cloud-based access control and smart building technology with end-to-end solutions delivered through SaaS and connected devices
Serves one of the largest, most diversified global customer bases with more than 44,500 enterprise, commercial real estate and multifamily accounts and 23 million active users
Large and growing SaaS- and smart device-based total addressable market (TAM) for products and services currently in excess of $70 billion
Combined company to have an estimated enterprise value of $808 million, positioning it to further capitalize on the smart space market opportunity
Transaction to provide up to $304 million in cash proceeds, including a PIPE totaling $75 m
