Crown Proptech Acquisitions - CPTK STOCK NEWS

The 2022 Top Security Trends Report by Brivo, in collaboration with Crown PropTech Acquisitions (NYSE: CPTK), highlights the growing importance of cloud-based access control in hybrid work environments. Surveying nearly 600 security professionals, the report reveals 58% currently use a hybrid model, with 65% noting the crucial role of integrated access solutions. While 72% of respondents indicate stable office utilization, 20% anticipate reducing space. Brivo emphasizes that cloud access control can optimize hybrid work, enabling businesses to harness critical security data for better decision-making.

Brivo has integrated its cloud-based access control solution, Brivo Access, with Milestone's XProtect, enhancing security management for enterprises. This integration allows users to combine access control events with real-time video feeds, providing a comprehensive security platform. The functionality enables management of access events, door controls, and video surveillance in one interface. As a result of this development, Brivo strengthens its position in the cloud-based security technology sector, serving over 300 million square feet across 42 countries.

Brivo, a leader in cloud-based access control, announced its enterprise security solution, Brivo Access Enterprise Edition, is utilized by top firms like Afterpay and Angi. The system addresses challenges in managing corporate facilities over multiple locations. With over 70,000 sites in 42 countries, Brivo's solutions enhance physical security management through integrated cloud technology. Innovations like Brivo Snapshot and Anomaly Detection improve efficiency and security. Brivo is set to become publicly listed under the ticker symbol BRVS following its merger with Crown PropTech Acquisitions (CPTK).

Brivo, Inc. announced a partnership with Sitasys AG to enhance its cloud-based security management platform. This follows Brivo's merger agreement with Crown PropTech Acquisitions (CPTK), expected to finalize in Q2 2022. The integration allows security professionals to manage access, alarms, and video surveillance efficiently. Brivo has experienced a 64% growth in its European dealer network and has over 200 customers in Europe. This partnership aims to automate security processes and improve operational efficiency, potentially boosting Brivo's market presence.

Brivo announced it anticipates outperforming its previous revenue outlook for 2021, expecting total revenue between $71.6 million and $72.5 million, reflecting over 25% growth. This increase is attributed to the growing demand for cloud-based access control solutions. The company recently entered a merger agreement with Crown PropTech Acquisitions, which will transition Brivo to a publicly traded company under the ticker symbol ‘BRVS’ on the New York Stock Exchange.

Brivo announced the appointment of Ingo Meijer as Regional Director for Europe, aimed at accelerating its growth in the region. Meijer brings over 20 years of experience in the security industry and will lead initiatives to enhance customer acquisition and revenue in Europe, where Brivo currently serves over 200 customers. The company reported a 64% increase in partner growth in 2021 and plans to offer data residency services in 2022. This leadership change aligns with Brivo's strategy to prioritize international expansion ahead of its merger with Crown PropTech Acquisitions (NYSE: CPTK).

Invictus has partnered with Brivo to integrate their cloud-based access control and smart building technologies. This collaboration will provide keyless entry and streamline operations for multifamily property managers, enhancing the resident experience. With the Brivo API, property managers can manage data and permissions through a single platform, reducing complexity. The integration aims to improve resident retention by simplifying access and communication. Brivo's credentials will be embedded in the Invictus resident app, addressing previous challenges such as lockouts and visitor check-ins.

Brivo, the global leader in cloud-based access control technologies, announced its participation at the Imperial Capital Security Investor Conference on December 15, 2022. Steve Van Till, Brivo's Founder and CEO, will present at 10:00 a.m. EST, available for viewing on their investor relations page. This follows their November 10, 2021 merger agreement with Crown PropTech Acquisitions (NYSE: CPTK), expected to finalize in Q2 2022. Post-merger, Brivo will list on the NYSE under the ticker symbol BRVS.