Dean Drako, entrepreneur, President and CEO of Eagle Eye Networks has wholly acquired Brivo for $50 million. As Brivo’s owner, Drako will serve as the company’s chairman, and Steve Van Till, Brivo’s president and CEO, will continue leading the company. Brivo’s cloud-based access control system currently services over 6 million users and over 100,000 access points, providing feature-rich access control for small and medium businesses, along with unmatched scalability and centralised management for global enterprises.
With this acquisition, Drako will apply the strategy and execution processes he used at his other successful companies, including Barracuda Networks, to leverage Brivo’s technology lead and growth trajectory.In particular, 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, Eagle Eye Networks.
As a first step, Brivo will begin selling an integrated solution unifying BrivoOnair cloud-based access control with Eagle Eye Networks’ cloud security camera system. The combined solution will offer a cloud based video surveillance and access control solution which is bi-directionally integrated using the open APIs from both companies. It is planned that this will deliver video verification of door events, with natively viewable and searchable video; door event visibility in video: BrivoOnair door events will appear within the Eagle Eye Security Camera VMS. As both Brivo and Eagle Eye are cloud-based solutions, then the combined system is able to uniquely offer flexible deployment, with scalability and cyber-secure remote management.