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Brivo Acquires Smart Building Solutions Firm Parakeet Technologies
Bethesda-based security firm Brivo has acquired Parakeet Technologies, a provider of smart building solutions which include sensors, thermostats, wireless locks and lighting controls.
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. The acquisition accelerates Brivo’s push to enhance its in-building capabilities beyond its current access control, video and security.
“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, CEO at 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.”
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