“The investment community has been watching Brivo and the cloud-based security space for many years,” says John E. Mack III, EVP & Managing Director at Imperial Capital. “We see this as a model whose time has come; the rest of the industry will have to fall in line behind Brivo to survive.”
BETHESDA, Md. (PRWEB) February 26, 2020
Brivo, the global leader in cloud-based physical security solutions, is celebrating 20 years of innovation in cloud-based physical security systems this year. Originally founded in 1999, Brivo began developing cloud-based access control solutions in 2000. At the time, the security industry was dominated by on-premise client-server technology which operated on Local Area Networks. Today, the Brivo cloud platform boasts over 20 million users in 42 countries, all using these services transparently wherever their assets happen to be located.
Having come from the dot-com world, Brivo’s founders saw Software-as-a-Service (SaaS) as a better way to provide a multi-tenant access control platform that served both end users and integrators with greater functionality and better economics. At the time, access control customers who were already in the early stages of using browsers with an increasing number of business functions, the familiarity and ease of use of the browser interface was an immediate selling point. “The investment community has been watching Brivo and the cloud-based security space for many years,” says John E. Mack III, EVP and Managing Director at Imperial Capital. “We see this as a model whose time has come, and that the rest of the industry will have to fall in line behind Brivo if they hope to survive.”
For integrators, the opportunity to forgo on-premise servers eliminated one of the biggest drains on scarce field technician resources. “We surveyed dealers during the early days,” says Steve Van Till, Founder, President & CEO of Brivo, “and they cited server-related software problems as the single most frequent reason for needing to do expensive truck rolls to customer locations. The opportunity to cut out servers provided immediate ROI. Most of those integrators are still working with us today.”
In the early years, Brivo created a major foothold in the SMB space. Today, with the ongoing expansion of their platform, they have wide acceptance at the enterprise level, with over 200 Fortune 500 customers.
Brivo is the global leader in cloud-based access control and security platforms for commercial and multifamily properties. Our mission is to provide Simply Better Security solutions that improve user experiences for property managers, tenants, employees, and visitors. With over 20 million users and 1,500 authorized resellers in 42 countries, our SaaS platform has been unifying the security experience across access control, mobile credentials, video surveillance, identity federation, visitor management, intercoms, and elevator control since 2001. Hundreds of software partners and end users use our APIs and SDKs to extend our solutions to unique vertical market offerings. More than ten years of SOC audits underscore our commitment to protecting customer privacy and data security. Brivo is privately held and headquartered in Bethesda, Maryland.