BETHESDA, Md.–(BUSINESS WIRE)–Brivo – the global leader in cloud-based access control and smart building technologies that recently entered into a definitive merger agreement with Crown PropTech Acquisitions (NYSE: CPTK) – today announced it expects to outperform its initial 2021 revenue outlook. The Company expects full year 2021 total revenue to be between $71.6 million to $72.5 million, up from its prior expectation of $71.6 million.
“We are pleased to be delivering strong results in the fourth quarter, resulting in expected full year 2021 revenue growth of more than 25% and exceeding our prior expectations,” said Steve Van Till, founder and CEO of Brivo. “These results reflect the breadth of our solutions, which are increasingly important as companies seek cloud-based solutions to manage their diverse and changing real estate needs.”
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. Legal Disclaimer: https://www.brivo.com/about/investor-relations/legal-disclaimer/.
