Dean Drako, president and chief executive of Eagle Eye Networks and former Barracuda Networks president has wholly acquired Brivo, a cloud access control firm, for $50m.
Brivo said its cloud-based access control system, a centralised management and security system for video surveillance cameras, currently services over 6 million users and 100,000 access points.
The acquisition will give Eagle Eye, a specialist in cloud-based video surveillance technology, a flexible access control tool to couple with its current offerings, Drako said.
“My goal was to acquire the physical security industry’s best access control system,” Drako explained.
“Brivo’s true cloud architecture and open API approach put it a generation ahead of other access control systems. Cloud solutions provide exceptional benefits and Brivo is clearly the market and technology leader. Brivo is also committed to strong, long-standing relationships with its channel partners, which I believe is the best strategy for delivering extremely high customer satisfaction.”
Though Eagle Eye will remain autonomous from Brivo, Drako will serve as the company’s chairman; Steve Van Till, Brivo’s president and chief executive, will continue serving in this capacity.
He said Eagle Eye will work to integrate Brivo’s flagship solution, Brivo OnAir, with its cloud security camera system, which will help deliver video verification and natively viewable and searchable video.
“We are extremely excited that Dean Drako has acquired Brivo and is serving as chairman. In addition to Dean’s experience founding and leading Barracuda Networks to be a multi-billion dollar company, he has grown his latest company, Eagle Eye Networks, to be the technology leader in cloud video surveillance,” Van Till said.
“We both share the vision of delivering the tremendous advantages of cloud-based systems to our customers,” he added.