Brivo Explained

Brivo, Inc.
Type:Private
Location City:Bethesda, Maryland
Location Country:United States
Area Served:Worldwide
Key People:
  • Dean Drako (chairman, owner)
  • Steve Van Till (president and CEO)
  • Carter Griffin (co-founder)
  • Tim Ogilvie (co-founder)
  • Mark Stein (co-founder)
Industry:Physical security
Products:Cloud access control system
Homepage:www.brivo.com

Brivo, Inc. is a smart building company providing cloud-based access control and video surveillance products for physical security and internet of things applications.[1] [2]

Executive Leadership

Steve Van Till is an early Brivo hire (initially as CTO) and today serves as CEO.[3] Dean Drako is chairman of the board.[4]

History

Brivo was co-founded in 1999 by Carter Griffin, Tim Ogilvie and Mark Stein.[5] After completing a series A financing round of individual investors, the company secured an investment from IDEO Ventures, whose affiliate IDEO product design became its development partner for Brivo's first product – a last mile delivery solution for unattended and asynchronous delivery of parcels. In 2002, Griffin, Ogilvie and Stein transitioned the company to what became Brivo's primary market with the introduction of Brivo's building access control SaaS platform. [6] In 2002, Brivo introduced cloud-based access control to the physical security market.[7] [8] [9] The physical access control system works with door card readers and similar devices, and locks or unlock things once an individual has been authenticated.[10]

Brivo released the ACS5000 access control system in 2005, with Ethernet and GSM cellular connectivity options.[8] In 2007, Brivo introduced its XML application programming interface (API).[11] In 2017, Brivo introduced the availability of two new door access controllers, the ACS6000 and the ACS300, to complement its existing product lines, as well as integration with the Authentic Mercury open platform.[12]

Brivo introduced its IP door controller (IPDC) in 2011, an Ethernet access control panel in a compact form factor, with power over Ethernet and FIPS 140-2 validated encryption. IPDC used standard network cabling to the door.[13] In 2013, Brivo announced Brivo Onair, a cloud-based access control and video surveillance physical security system for businesses that automates facility access from one interface.[14]

As of 2015, Brivo stated its cloud-based access control system serviced more than ten million users and more 100,000 access points, such as doors and windows.[9] [15]

In November 2022, Runway Growth Capital announced the closure of a long-term senior secured credit facility of $75 million to Brivo.[16]

In 2023, Brivo raised $100M in financing from SECOM.[17]

Products

Private acquisition

In June 2015, Brivo was acquired by Dean Drako, Barracuda Networks founder and former CEO, and current president and CEO of Eagle Eye Networks. Drako will serve as Brivo's chairman.[20] [21] [22] [23] [24]

Drako said he saw the opportunity to accelerate the cloud technology shift underway in the physical security industry by combining Brivo's cloud access control with cloud video surveillance from his company Eagle Eye Networks.[9] The two companies will continue to operate as separate entities.[1]

Acquisitions

In March 2020, Brivo announced it acquired Parakeet IoT company as part of its expansion into smart buildings.[25] [26]

Recognition

Gartner named Brivo a “Cool Vendor in Identity and Access Management" for 2014.[27] In the same year, Brivo also released its Social Access Management API.[28]

At the 2018 ISC West Conference, Brivo ACS300 Wireless Access Controller won best product in the “Access Control Software & Controllers” category.[29]

Notes and References

  1. Xconomy Dean Drako Acquires Brivo Cloud Access Control Company for $50 Million
  2. DCInno IoT Startup Brivo Systems Bought For $50M By Texas CEO
  3. City Biz Citybiz Interview with Steve Van Till, CEO of Brivo Retrieved Aug 17, 2021
  4. Channel Futures Eagle Eye’s Dean Drako Grabs Brivo In $50 Million Deal Retrieved Jun 11, 2015
  5. News: DEAL OF THE WEEK . . 2000-12-18 . https://web.archive.org/web/20220509004406/https://www.washingtonpost.com/archive/business/2000/12/18/deal-of-the-week/f517fb53-113c-4f89-8adf-15e1ccb5ed67/ . 2022-05-09 . live . Johnston . Nicholas.
  6. CloudWedge Dean Drako, Owner of Eagle Eye, Buys Brivo in $50M Deal
  7. Integrated Solutions for Retailers Brivo Systems Celebrates 15 Years of Service and Innovation
  8. Security World Mag Brivo Systems - IP-based Security Solutions
  9. TMCNet Wheelings and Dealings: Security Entrepreneur Nabs Brivo for $50 Million
  10. Venture Beat With great data comes great responsibility
  11. News: Brivo Introduces ACS6000 And ACS300 Door Access Controllers. 2018-01-30. en-US.
  12. News: Brivo Introduces ACS6000 And ACS300 Door Access Controllers. 2018-01-30. en-US.
  13. SSI Brivo IP Door Controller
  14. Security World Hotel Brivo introduces Brivo Onair
  15. Security Info Watch Brivo acquired by Eagle Eye Networks Founder Dean Drako for $50M
  16. Security Sales & Integration Brivo Receives $75M Credit Facility From Runway Growth Capital. Retrieved January 14, 2023
  17. TechCrunch Eagle Eye Networks and Brivo raise $192M in a joint round to boost cloud security business. Retrieved May 17, 2022
  18. SDM Mag Brivo Access Delivers First-of-its-Kind Data Analytic Capabilities for Property Management Retrieved 12/1/2020
  19. Security Sales & Integration Brivo Unveils ‘Snapshot’ to Deliver AI-Enabled Facial Detection Retrieved June 30, 2021
  20. BizJournals access-control company Brivo acquired for $50M
  21. IHS Technology Dean Drako purchases Brivo – What does this mean for the industry?
  22. Security Systems News Drako pays $50m cash for Brivo
  23. SDMMag Dean Drako Acquires Brivo, Will Combine Solutions From Brivo & Eagle Eye
  24. Talkin’ Cloud Eagle Eye's Dean Drako Grabs Brivo In $50 Million Deal
  25. "Brivo makes first acquisition in 20-year history” Security Systems News, March 3, 2020 http://securitysystemsnews.com/article/brivo-makes-first-acquisition-20-year-history/
  26. "Brivo Adds Smart Building Capabilities With Parakeet Buy” Security Sales & Integration, March 3, 2020 https://www.securitysales.com/business/mergers/brivo-parakeet-buy//
  27. Gartner Cool Vendors in Identity and Access Management, 2014
  28. Security Sales & Integration Brivo Unveils SAM API at SXSW Conference
  29. Web site: SIA announces New Product Showcase Award winners Security Systems News. www.securitysystemsnews.com. en. 2018-11-03.