BETHESDA, Md., June 8, 2022
/PRNewswire/ -- Brivo, a leading provider in cloud-based access
control and smart building technologies that entered into a
definitive merger agreement with Crown PropTech Acquisitions (NYSE:
CPTK), is proud to be Certified™ by Great Place to Work® for the
first year. The prestigious award is based entirely on what current
employees say about their experience working at Brivo. This year,
92% of employees said it's a great place to work – compared to
57% of employees at a typical U.S.-based company.
Great Place to Work® is the global authority on workplace
culture, employee experience, and the leadership behaviors proven
to deliver market-leading revenue, employee retention, and
increased innovation.
"Great Place to Work Certification™ isn't something that comes
easily – it takes ongoing dedication to the employee experience,"
said Sarah Lewis-Kulin, vice
president of global recognition at Great Place to Work. "It's the
only official recognition determined by employees' real-time
reports of their company culture. Earning this designation means
that Brivo is one of the best companies to work for in the
country."
"We are honored to become Great Place to Work-Certified™.
It's a testament to our dedication to creating a culture and
workplace that our employees are excited about every single day,"
said Steve Van Till, Brivo founder,
and CEO. "Our success is directly linked to the incredible work of
our people and we sincerely thank them for all they do to earn this
incredible recognition."
According to Great Place to Work research, job seekers are
4.5 times more likely to find a great boss at a Certified great
workplace. Additionally, employees at Certified workplaces are 93%
more likely to look forward to coming to work, and are twice as
likely to be paid fairly, earn a fair share of the company's
profits, and have a fair chance at promotion.
Looking to grow your career at a company that puts its people
first? Visit our careers page at: brivo.com/about/careers/.
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.
This press release is provided for informational purposes only
and has been prepared to assist interested parties in making their
own evaluation with respect to a potential business combination
(the "proposed business combination") between Brivo, Inc. ("Brivo")
and Crown PropTech Acquisition Corp. ("Crown") and related
transactions and for no other purpose.
About Great Place to Work
Certification™
Great Place to Work® Certification™ is the most definitive
"employer-of-choice" recognition that companies aspire to achieve.
It is the only recognition based entirely on what employees report
about their workplace experience – specifically, how consistently
they experience a high-trust workplace. Great Place to Work
Certification is recognized worldwide by employees and employers
alike and is the global benchmark for identifying and recognizing
outstanding employee experience. Every year, more than 10,000
companies across 60 countries apply to get Great Place to
Work-Certified.
About Great Place to
Work®
Great Place to Work® is the global authority on workplace
culture. Since 1992, they have surveyed more than 100 million
employees worldwide and used those deep insights to define what
makes a great workplace: trust. Their employee survey platform
empowers leaders with the feedback, real-time reporting and
insights they need to make data-driven people decisions. Everything
they do is driven by the mission to build a better world by helping
every organization become a great place to work For All™.
Learn more at greatplacetowork.com and
on LinkedIn, Twitter, Facebook
and Instagram.
Forward Looking
Statements
These communications include "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, projections of market opportunity and market
share, expectations and timing related to commercial product
launches and partnerships, 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
timing of the proposed business combination. These statements are
based on various assumptions, whether or not identified in this
communication, and on the current expectations of Brivo's and
Crown's management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be
relied on by any investor as, a guarantee, an assurance, a
prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and
will differ from assumptions. Many actual events and circumstances
are beyond the control of Brivo and Crown. These forward-looking
statements are subject to a number of risks and uncertainties,
including changes in domestic and foreign business, market,
financial, political and legal conditions; the inability of the
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
combination or that the approval of the shareholders of Crown or
Brivo is not obtained; the lack of third party valuation in
determining whether or not to pursue the proposed business
combination; failure to realize the anticipated benefits of the
proposed business combination; risks relating to the uncertainty of
the projected financial information with respect to Brivo; the risk
that the conditions to the financing for the proposed business
combination may not be satisfied or waived; the effect of the
announcement or pendency of the proposed business combination on
Brivo's business relationships, performance and business generally;
risks that the proposed business combination disrupts current plans
of Brivo and potential difficulties in Brivo employee retention as
a result of the proposed business combination; the ability to
implement business plans, forecasts and other expectations after
the completion of the proposed business combination, and identify
and realize additional opportunities; Brivo's ability to attract
and retain customers; the combined company's ability to up-sell and
cross-sell to customers, including the success of Brivo's
customers' development programs, which will drive future revenues;
the ability of the combined company to compete effectively and its
ability to manage growth; the amount of redemption requests made by
Crown's public shareholders; the ability of Crown or the combined
company to issue equity or equity-linked securities in connection
with the proposed business combination or in the future; the
outcome of any potential litigation, government and regulatory
proceedings, investigations and inquiries; the risk that the
combined company's securities will not be approved for listed on
the New York Stock Exchange or if approved, that such listing will
be maintained; and those factors discussed in Crown's Annual Report
on Form 10-K for the year ended December 31,
2021, dated April 12, 2022,
and the preliminary proxy statement/prospectus of Crown related to
the proposed business combination dated April 19, 2022 and, when available, Crown's final
proxy statement to be filed with the Securities and Exchange
Commission ("SEC"), in each case, under the heading "Risk Factors,"
and other documents of Crown filed, or to be filed, with the SEC.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that neither Crown nor Brivo presently know or
that Crown and Brivo currently believe are immaterial that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Crown's 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 Crown's and Brivo's assessments to change. However, while
Crown and 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 relied upon as
representing Crown's and Brivo's assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
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 preliminary proxy statement and will
include, when available, a definitive proxy statement to be
distributed to Crown's shareholders in connection with Crown's
solicitation for proxies for the vote by Crown's shareholders in
connection with the proposed business combination and other matters
as described in the Registration Statement, as well as the
prospectus relating to the offer of the securities to be issued to
Brivo's shareholders in connection with the completion of the
proposed business combination. After the Registration Statement has
been declared effective, Crown will mail a definitive proxy
statement and other relevant documents to its shareholders as of
the record date established for voting on the proposed business
combination. Crown's shareholders and other interested persons are
advised to read the preliminary proxy statement / prospectus and
any amendments thereto and, once available, the definitive proxy
statement / prospectus, in connection with Crown's solicitation of
proxies for its special meeting of shareholders to be held to
approve, among other things, the proposed business combination,
because these documents will contain important information about
Crown, Brivo and the proposed business combination. Shareholders
may also obtain a copy of the preliminary proxy statement or, once
available, the definitive proxy statement as well as other
documents filed with the SEC regarding the proposed business
combination and other documents filed with the SEC by Crown,
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.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Participants in the
Solicitation
Crown, Brivo and certain of their respective directors,
executive officers and other members of management, employees and
consultants may, under SEC rules, be deemed to be participants in
the solicitations of proxies from Crown's shareholders in
connection with the proposed business combination. Information
regarding the persons who may, under SEC rules, be deemed
participants in the solicitation of Crown's shareholders in
connection with the proposed business combination is set forth in
the Registration Statement. You can find more information about
Crown's directors and executive officers in Crown's Annual Report
on Form 10-K for the year ended December 31,
2021, dated April 12, 2022.
Additional information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests will be included in the proxy statement / prospectus when
it becomes available. Shareholders, potential investors and other
interested persons should read the proxy statement / prospectus
carefully when it becomes available before making any voting or
investment decisions. You may obtain free copies of these documents
from the sources indicated above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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SOURCE Brivo