Doyle Security customers can now use Brivo
Access to turn actionable insights into data-driven decisions and
increase operational efficiency
BETHESDA, Md. and ROCHESTER,
N.Y., May 18, 2022
/PRNewswire/ -- Brivo, a leading provider in cloud-based
access control and smart building technologies that entered into a
definitive merger agreement with Crown PropTech Acquisitions (NYSE:
CPTK), today announced a partnership with Doyle Security Systems
Inc., the largest family-owned provider of residential and
commercial security, fire and medical monitoring systems in
New York State and northwest
Pennsylvania. Through the
partnership, Doyle will expand its product offering to include
Brivo Access, Brivo's signature cloud-based access control product,
offering cloud-based access control to its customers.
"As we continue to drive the smart space revolution and lead in
the security market, we're looking forward to having Doyle Security
onboard and providing its customers with our best-in-class access
control solution," said Steve Van
Till, founder and CEO of Brivo. "Doyle's century-long
commitment to delivering quality security products and services
aligns with Brivo's mission to protect lives, assets and facilities
with the best solutions possible."
The Brivo security suite is built on a robust, cloud-based
access control platform that enables and optimizes hybrid work
models, modernizes operations, and yields data that turns
actionable insights into data-driven decisions across the
enterprise ecosystem. Brivo's signature product, Brivo Access,
interacts seamlessly with the Brivo suite of security products,
including visitor management, smart home automation, occupancy
monitoring and mobile management. It also offers an open API that
integrates with an infinite number of features and applications,
including identity management, elevator control, coworking and
health and wellness.
"After a lengthy research and vetting process, we're excited to
partner with Brivo in order to strengthen our product offering with
top-of-the-line cloud-based access control," said John Doyle, President and CEO of Doyle Security.
"For more than 100 years, Doyle has proudly provided our community
with exceptional customer service and the latest and greatest
security technology. This expansion allows us to continue doing
exactly that while growing our customer base and staying true to
our mission as we grow our family-owned business."
More information about the Brivo access control visit
Brivo.com.
About Brivo
Brivo, Inc., created the cloud-based
access control and smart spaces technology category over 20 years
ago and remains the global leader serving commercial real estate,
multifamily residential, and large distributed enterprises. The
company's comprehensive product ecosystem and open API provide
businesses with powerful digital tools to increase security
automation, elevate employee and tenant experience, and improve the
safety of all people and assets in the built environment. Brivo's
building access platform is now the digital foundation for the
largest collection of customer facilities in the world, occupying
over 300 million square feet across 42 countries. On November 10, 2021, Brivo entered into a
definitive merger agreement with Crown PropTech Acquisitions (NYSE:
CPTK) that will result in Brivo becoming a publicly listed company
on the New York Stock Exchange under the new ticker symbol "BRVS."
Additional information about the transaction can be viewed here:
www.brivo.com/about/investor-relations.
This press release is provided for informational purposes only
and has been prepared to assist interested parties in making their
own evaluation with respect to a potential business combination
(the "proposed business combination") between Brivo, Inc. ("Brivo")
and Crown PropTech Acquisition Corp. ("Crown") and related
transactions and for no other purpose.
About Doyle Security Systems, Inc.
Doyle Security
Systems, Inc. is a leader in the security system industry and ranks
among the largest security companies in the United States. Family-owned and operated
since 1919, Doyle Security Systems services more than 40,000
residential and commercial customers across New York and Pennsylvania. Doyle Security System's
impressive history includes a TMA "Central Station of the Year"
award, the Better Business Bureau Torch Award and the Rochester
Business Ethics Award.
Forward Looking Statements
These communications
include "forward-looking statements" within the meaning of the
"safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as "estimate," "plan,"
"project," "forecast," "intend," "will," "expect," "anticipate,"
"believe," "seek," "target" or other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding estimates and
forecasts of financial and performance metrics, projections of
market opportunity and market share, expectations and timing
related to commercial product launches and partnerships, potential
benefits of the proposed business combination and the potential
success of Brivo's go-to-market strategy, and expectations related
to the terms and timing of the proposed business combination. These
statements are based on various assumptions, whether or not
identified in this communication, and on the current expectations
of Brivo's and Crown's management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Brivo and Crown.
These forward-looking statements are subject to a number of risks
and uncertainties, including changes in domestic and foreign
business, market, financial, political and legal conditions; the
inability of the parties to successfully or timely consummate the
proposed business combination, including the risk that any required
regulatory approvals are not obtained, are delayed or are subject
to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the proposed business
combination or that the approval of the shareholders of Crown or
Brivo is not obtained; the lack of third party valuation in
determining whether or not to pursue the proposed business
combination; failure to realize the anticipated benefits of the
proposed business combination; risks relating to the uncertainty of
the projected financial information with respect to Brivo; the risk
that the conditions to the financing for the proposed business
combination may not be satisfied or waived; the effect of the
announcement or pendency of the proposed business combination on
Brivo's business relationships, performance and business generally;
risks that the proposed business combination disrupts current plans
of Brivo and potential difficulties in Brivo employee retention as
a result of the proposed business combination; the ability to
implement business plans, forecasts and other expectations after
the completion of the proposed business combination, and identify
and realize additional opportunities; Brivo's ability to attract
and retain customers; the combined company's ability to up-sell and
cross-sell to customers, including the success of Brivo's
customers' development programs, which will drive future revenues;
the ability of the combined company to compete effectively and its
ability to manage growth; the amount of redemption requests made by
Crown's public shareholders; the ability of Crown or the combined
company to issue equity or equity-linked securities in connection
with the proposed business combination or in the future; the
outcome of any potential litigation, government and regulatory
proceedings, investigations and inquiries; the risk that the
combined company's securities will not be approved for listed on
the New York Stock Exchange or if approved, that such listing will
be maintained; and those factors discussed in Crown's Annual Report
on Form 10-K for the year ended December 31,
2021, dated April 12, 2022,
and the preliminary proxy statement/prospectus of Crown related to
the proposed business combination dated April 19, 2022 and, when available, Crown's final
proxy statement to be filed with the Securities and Exchange
Commission ("SEC"), in each case, under the heading "Risk Factors,"
and other documents of Crown filed, or to be filed, with the SEC.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that neither Crown nor Brivo presently know or
that Crown and Brivo currently believe are immaterial that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Crown's and Brivo's expectations, plans or forecasts of
future events and views as of the date of this communication. Crown
and Brivo anticipate that subsequent events and developments will
cause Crown's and Brivo's assessments to change. However, while
Crown and Brivo may elect to update these forward-looking
statements at some point in the future, Crown and Brivo
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Crown's and Brivo's assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Additional Information About the Proposed Business
Combination and Where To Find It
The proposed business
combination will be submitted to shareholders of Crown for their
consideration. Crown filed a registration statement on Form S-4
(the "Registration Statement") with the SEC which includes a
preliminary proxy statement and will include, when available, a
definitive proxy statement to be distributed to Crown's
shareholders in connection with Crown's solicitation for proxies
for the vote by Crown's shareholders in connection with the
proposed business combination and other matters as described in the
Registration Statement, as well as the prospectus relating to the
offer of the securities to be issued to Brivo's shareholders in
connection with the completion of the proposed business
combination. After the Registration Statement has been declared
effective, Crown will mail a definitive proxy statement and other
relevant documents to its shareholders as of the record date
established for voting on the proposed business combination.
Crown's shareholders and other interested persons are advised to
read the preliminary proxy statement / prospectus and any
amendments thereto and, once available, the definitive proxy
statement / prospectus, in connection with Crown's solicitation of
proxies for its special meeting of shareholders to be held to
approve, among other things, the proposed business combination,
because these documents will contain important information about
Crown, Brivo and the proposed business combination. Shareholders
may also obtain a copy of the preliminary proxy statement or, once
available, the definitive proxy statement as well as other
documents filed with the SEC regarding the proposed business
combination and other documents filed with the SEC by Crown,
without charge, at the SEC's website located at www.sec.gov or by
directing a request to 667 Madison Avenue, 12th Floor, New York, NY 10065, attention: Nikki Sacks.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Participants in the Solicitation
Crown, Brivo and
certain of their respective directors, executive officers and other
members of management, employees and consultants may, under SEC
rules, be deemed to be participants in the solicitations of proxies
from Crown's shareholders in connection with the proposed business
combination. Information regarding the persons who may, under SEC
rules, be deemed participants in the solicitation of Crown's
shareholders in connection with the proposed business combination
is set forth in the Registration Statement. You can find more
information about Crown's directors and executive officers in
Crown's Annual Report on Form 10-K for the year ended December 31, 2021, dated April 12, 2022. Additional information regarding
the participants in the proxy solicitation and a description of
their direct and indirect interests will be included in the proxy
statement / prospectus when it becomes available. Shareholders,
potential investors and other interested persons should read the
proxy statement / prospectus carefully when it becomes available
before making any voting or investment decisions. You may obtain
free copies of these documents from the sources indicated
above.
No Offer or Solicitation
This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
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SOURCE Brivo