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Brivo Acquires Parakeet to Add Smart Building Capabilities
Wednesday, March 11, 2020
Brivo, the global leader in cloud-based physical security, has acquired Parakeet Technologies, a provider of smart building solutions which include sensors, thermostats, wireless locks and lighting controls. This acquisition further extends the reach of the world's largest access control platform.
BETHESDA, Md., March 3, 2020 /PRNewswire-PRWeb/ -- Brivo, the global leader in cloud-based physical security, has acquired Parakeet Technologies, a provider of smart building solutions which include sensors, thermostats, wireless locks, and lighting controls. The acquisition accelerates Brivo's ongoing push to enhance its in-building capabilities beyond its current access control, video, and security. The companies had already been working together as partners, and now plan a deeper integration between their products, including a common user interface, unified billing, and bundled services.
"We saw Parakeet's IoT platform as an ideal way to quickly bring Smart Office capabilities to our channel partners and end users," said Steve Van Till, President & CEO of Brivo. "Parakeet has a great track record of providing highly reliable remote management to widely dispersed properties, and they share our core values around customer service, cyber security, and innovation."
The Parakeet product leverages cloud services, mobile apps, and an on-premise IoT gateway. The gateway provides connectivity to Z-wave sensors, locks, thermostats, lighting and other devices. Internet connectivity to the gateway is supported via WiFi, Ethernet or an integrated cellular modem with a built-in service plan. Parakeet's responsively designed web app enables property managers and security personnel to manage smart building infrastructure from one central dashboard, while collecting data to track, monitor and manage staff.
Parakeet launched its product in 2015 in the Vacation Rental market. According to Brad Huber, Founder and CEO of Parakeet, "Among property managers who cover large geographic territories for dozens or hundreds of clients, we uncovered a need for a remotely managed IoT service that would boost productivity and save money." Commenting on the installation challenges across large regions, he added that "being able to provide our products through Brivo's international base of security dealers will give our customers the convenience of professional installation and ongoing service."
The Parakeet platform will continue to be offered as a stand-alone solution for the Vacation Rental Market under the new name, Brivo Vacation Rental, and will be unified with Brivo's billing system. All current Parakeet customers will continue to be supported on the existing product, with options to add Brivo offerings to their current service plans.
About Brivo
Brivo is the global leader in cloud-based security and property management solutions for commercial and multifamily properties that simplify security interactions for property managers, tenants, employees, and visitors. With over 20 million users and 1,500 authorized dealers, our SaaS platform has been unifying the security experience across access control, mobile credentials, video surveillance, identity federation, visitor management, intercoms, and elevator control since 2001. Hundreds of software partners and end users use our APIs and SDKs to extend our solutions to unique vertical market offerings. More than ten years of SOC audits underscore our commitment to protecting customer privacy and data security. Brivo is privately held and headquartered in Bethesda, MD.
About Parakeet
Parakeet provides comprehensive smart home automation for the vacation rental market and other remote facility management needs. Our cloud platform and on-premise IoT gateway provide remote control of smart locks, thermostats, garage doors, freeze/flood sensors, and HVAC systems. Our goal is to enable vacation property managers to simplify access management, improve facility oversight, optimize energy consumption, and provide a better tenant experience. We integrate with many of the leading property management platforms to synchronize user, credential, and schedule management. The company has a large deployed base across both individual rental properties as well as multi-unit building complexes.
SOURCE Brivo
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