fbpx
20.8 C
Sydney
Wednesday, April 24, 2024

Buy now

  • HID
  • HIKVISION
  • HIKVISION
HomeNew ProductsCloud Access Maker Brivo Going Public

Cloud Access Maker Brivo Going Public

Cloud access control (SaaS) manufacturer Brivo will go public via a special acquisition with Crown PropTech in a deal that values the company at $US808 million.

Post-merger the combined company will operate as Brivo, be listed on the New York Stock Exchange, and will be led by founder and CEO, Steve Van Till.

According to Van Till, the SPAC option of public listing yielded the company larger amounts of capital and was the more attractive option compared with IPO.

“The SPAC also gives us more access to capital, and from a customer perspective, more visibility,” Van Till said. “One of the markets we are moving into is the enterprise market, and we are dealing with other public companies as customers. Being a public company will enable them to see us as a peer.”

#sen.news

thumbnail SAGE OCT21 960x105 1

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

TODAYS WEATHER

20.8 C
Sydney
11.6 C
Canberra
31.7 C
Darwin
11.9 C
Hobart
23.2 C
Perth
23.9 C
Brisbane
13 C
Auckland
16 C
Melbourne

RECOMMENDED

- Advertisement -

POLL

RECOMMENDED