SECOM Tips $US192M Into Eagle Eye, Brivo, Underscoring Future Of Cloud.
SECOM Tips $US192M Into Eagle Eye, Brivo – SECOM, one of the largest security integration companies in the world, has made a primary equity investment of $US100M in cloud CCTV provider Eagle Eye and $92M in cloud access provider Brivo.
“SECOM has a proud history of innovation going back to Japan’s first online security system for commercial use in 1966,” said Sadahiro Sato, SECOM managing executive officer.
“We’re committed to delivering services and systems that deliver safety, peace of mind and business efficiency. Our investment in Eagle Eye Networks and Brivo, the market leaders in cloud physical security, is an investment in the mission our three companies share: to provide the best technology possible to keep businesses and communities safe.”
SECOM Tips $US192M Into Eagle Eye
Eagle Eye Networks and Brivo are independent companies majority-owned by CEO Dean Drako, who acquired a majority stake in Brivo in 2015 and chairs its board.
“The SECOM investment underscores that Cloud and AI are the future of physical security,” said Drako. “Eagle Eye and Brivo will use a significant portion of the investment to further develop AI that dramatically improves the security of enterprises and businesses globally. The Eagle Eye and Brivo open platforms provide customers with choice, efficiencies, and innovation, all of which this investment will accelerate.”
SECOM Tips $US192M Into Eagle Eye, Brivo
Eagle Eye Networks and Brivo integrate with third-party technology providers, as well as providing an integrated solution that global businesses use to manage risk, identify threats, and respond to events. Their solutions deliver real-time AI-enabled video and access control events analysis to enhance safety and security operations.
Eagle Eye Networks will spend the investment on continued development of its AI-based analytics capabilities, such as Eagle Eye Smart Video Search, Smart Alarms, and Vehicle Intelligence, and to expand its worldwide operations.
Brivo will use the investment to grow sales and marketing, accelerate product development and scale support and operational functions, evaluate strategic acquisitions, and to expand global business.
SECOM is a cautious operator with an intense focus on operational imperatives. Its decision to invest in cloud highlights the direction its management and board believe is the proven direction of the electronic security integration market. The SECOM team is also likely to have a weather eye on future business models as well as growth opportunities.
“SECOM Tips $US192M Into Eagle Eye, Brivo, Underscoring Future Of Cloud.”