SECOM CO., LTD, one of the world’s largest security integration companies, has made a significant equity investment of $192 million in two global cloud-based physical security companies, Eagle Eye Networks and Brivo. The investment will be split with $100 million going to Eagle Eye Networks and $92 million going to Brivo.
Eagle Eye Networks and Brivo, independent, open platform companies, specialize in cloud video surveillance and cloud-based access control and smart space technologies, respectively. Both companies integrate with many third-party technology providers, including the leading property management and Proptech platforms.
Dean Drako, the majority owner of both companies, commented on the investment, stating: “The SECOM investment underscores that cloud and AI are the future of physical security. Both Eagle Eye and Brivo will use a significant portion of the investment to further develop AI that dramatically improves the security of enterprises and businesses globally.”
As strategic partners, the investment will help to further the development of Eagle Eye Networks and Brivo. Eagle Eye Networks will use the investment to continue developing AI-based analytics capabilities such as Eagle Eye Smart Video Search, Smart Alarms, and Vehicle Intelligence. The investment will also aid in the expansion of the company’s operations worldwide. Brivo will use the investment to grow sales and marketing, accelerate product development, and evaluate strategic acquisitions. The additional funds will help Brivo expand in Europe, Latin America, and Asia Pacific while enhancing the smart spaces and AI functionality in the Brivo Access Platform for enterprise, multifamily, and commercial real estate customers.
Sadahiro Sato, SECOM Managing Executive Officer, noted that the investment in Eagle Eye Networks and Brivo is an investment in the mission all three companies share: “to provide the best technology possible to keep businesses and communities safe.”
Founded in 2012, Eagle Eye Networks is headquartered in Austin, Texas, with offices in Amsterdam, Bangalore, and Tokyo. The company offers cyber-secure, cloud-based video with artificial intelligence (AI) and analytics to make businesses more efficient and the world a safer place. Eagle Eye provides businesses of all sizes with the Eagle Eye Cloud VMS (video management system) to centralize their video surveillance and obtain better security and operations. The Eagle Eye Cloud VMS is built for the cloud and AI, addressing customers’ security and operational needs with unlimited scalability, simple usage-based subscription pricing, advanced analytics, integrated AI, and an open RESTful API platform delivering flexibility. The company sells through a global network of resellers and integrators.
Brivo, created the cloud-based access control and smart spaces technology category over 20 years ago. The company remains the global leader serving commercial real estate, multifamily residential, and large distributed enterprises. Brivo’s 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, protecting over 450 million square feet across 60 countries.
SECOM CO., LTD was established in 1962 in Japan and has been a pioneer in the country’s security services industry ever since. The company’s extensive business portfolio currently encompasses security services, fire protection services, medical services, insurance services, geospatial information services, business process outsourcing and information and communications technology (BPO and ICT) services, and other services. SECOM’s mission is to create innovative services that benefit society as a whole, in line with its mission to help achieve a society free from concerns. The company seeks to deliver services and systems that deliver safety and peace of mind, as well as make life more comfortable and convenient. SECOM strives to realize its Social System Industry vision, which describes a framework of distinctive, integrated services and systems.