AMSTERDAM and ROTTERDAM, Netherland, Feb. 28, 2022 /PRNewswire/ -- Brivo — the global
leader in cloud-based access control and smart building
technologies that has entered into a definitive merger agreement
with Crown PropTech Acquisitions (NYSE: CPTK) — today announced
that the company has joined Bisner Workplace, a user-friendly smart
workplace app to make offices more productive and efficient for
employees and tenants.
The integration between Bisner and Brivo will enable tenants to
handle all building requests such as room booking, parking with
license plate recognition, access control to the building, and
contract management from one app.
"With Brivo, we have found a partner with innovative cloud
technology that is a valuable extended service for our tenants,"
said Bisner founder Stefan van der
Werf. "Access control is a vital addition to building
technology to improve tenant services, and integrating this
technology into our all-in-one solution helps offices stay
organised and become more flexible."
"We believe that the workplace of the future will be powered by
technology more than ever, and that the combined power of Brivo and
Bisner will simplify the management of hybrid workplaces and smart
spaces," said Steve Van Till,
founder and CEO of Brivo. "Brivo is committed to expanding its
partner ecosystem in Europe so
property portfolio managers can save time and get more done with
Brivo's cloud-based tools."
With this integration, flexible workspace managers can work in
one system and do not have to bounce between multiple applications
to manage access permissions to desks, rooms or spaces. Access
assignments in the Bisner platform are automatically reflected in
the Brivo platform. Employees are then able to access the
appropriate spaces for which they are granted access through their
mobile devices.
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 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/.
This communication 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 Bisner
Bisner is the fastest growing cloud-based
solution designed to simplify and improve work life, preparing real
estate for the future-proof workplace. Providing any workplace
worldwide with the most flexible, customisable and scalable
solution. Their software is fully integrated and at the core of
every successful multi-tenant / office ecosystem. With the Bisner
Smart Workplace app, tenants and employees have all the necessary
functionalities in one app for productive and efficient workdays,
resulting in a powerful workplace experience.
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, 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 final
prospectus dated February 8, 2021,
Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, dated August 16, 2021 and Quarterly Report on Form 10-Q
for the quarter ended September 30,
2021, dated October 12, 2021,
and the preliminary proxy statement/prospectus of Crown related to
the proposed business combination dated December 22, 2021, 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 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 final prospectus dated February 8,
2021 and filed with the SEC on February 10, 2021. 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