Hybrid work, access data, integrations, mobile
credentials and cloud enablement are at the forefront of physical
security trends
BETHESDA, Md., March 21,
2022 /PRNewswire/ -- 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 released the 2022 Top
Security Trends Report which reveals that cloud-based access
control and high-quality physical security data are paramount when
it comes to unlocking a resilient hybrid work plan.
The report, which is the Company's fifth annual trends report,
offers insights into the state of hybrid work and how security
solutions will enable the digitization of the built world to make
hybrid work efficient for both employers and employees. Responses
from almost 600 security professionals from all over the world and
across two dozen industry sectors were collected in January 2022 with nearly half of responses coming
from North America.
The majority (58%) of respondents currently use a hybrid work
model, and nearly two-thirds report that access control is
extremely or very important to that model. Furthermore, 65% of
respondents say that access control and its integration with other
technologies have been very important or extremely important in
enabling a hybrid workplace since 2020.72% of respondents said that
their office utilization is not changing, despite the prevalence of
hybrid work. Nearly 20% of respondents said they expect to reduce
office space, while 10% said they expect to increase office
space.
"The key takeaway from our 2022 Trends Survey is that the
increasing prevalence of hybrid work is driving demand for
cloud-based access demand solutions. It's no secret that hybrid
work is here to stay and Brivo's data has consistently demonstrated
that today's professionals prefer the best of both worlds.
Mastering an effective hybrid work model, however, remains a
challenge for many employers," said Steve
Van Till, founder and CEO of Brivo. "Cloud-based access
control is the foundation on which hybrid work models can thrive,
thanks to its ability to collect valuable data and inform
make-or-break business decisions. Brivo's open API platform allows
for the easy integration of access control with other security and
proptech platforms. This provides flexibility and efficiency for
all types of businesses, office owners and operators to
successfully maintain a hybrid work dynamic."
Other key findings include:
- 93% of respondents agree they have a need for physical
security, even as employees work remotely, with only 7% saying they
have little need for physical security because most workers are
remote.
- 65% of respondents struggle with how to best generate, harness
and apply security data. Concerns cited around security-related
data include lack of actionable insight from data, failure to
generate sufficient data and incompatible data sources.
- 57% of respondents say that cloud-based access control would
improve their security.
- 42% of respondents are considering adopting mobile access
control technology.
- 40% of respondents have centralized their security systems in
the cloud, up from 35% based on findings in Brivo's 2021
survey.
Brivo provides solutions that support organizations as they
migrate from costly legacy on-premises physical security systems.
Brivo's security suite, built on a robust, cloud-based access
control platform, 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.
Brivo systems generate a wealth of data for organizations to
leverage. For a broader view of industry data, articles, blog posts
and other content, go to www.brivo.com. For the full 2022 Top
Security Trends Report, please visit this link to learn more.
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), which merger is
anticipated to close in Q2 2022, subject to shareholder approvals
and other closing conditions. The merger 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/.
Forward Looking Statements
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related to commercial product launches, 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
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including changes in domestic and foreign business, market,
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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
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Brivo is not obtained; the lack of third party valuation in
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that the conditions to the financing for the proposed business
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and realize additional opportunities; Brivo's ability to attract
and retain customers; the combined company's ability to up-sell and
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combined company's securities will not be approved for listed on
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be maintained; and those factors discussed in Crown's final
prospectus dated February 8, 2021,
Annual Report on Form 10-K for the year ended December 31, 2021 (when available), and the
preliminary proxy statement/prospectus of Crown related to the
proposed business combination dated February
11, 2022, in each case, under the heading "Risk Factors,"
and other documents of Crown filed, or to be filed, with the
Securities and Exchange Commission ("SEC"). If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
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neither Crown nor Brivo presently know or that Crown and Brivo
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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
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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
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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
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offer of the securities to be issued to Brivo's shareholders in
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Crown's shareholders and other interested persons are advised to
read the preliminary proxy statement / prospectus and any
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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.
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SOURCE Brivo