SwiftConnect Raises $37 Million of Financing in Series B Round

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SwiftConnect is Egis’s fourth investment in the access control space

STAMFORD, Conn., November 14, 2024 –(BUSINESS WIRE)–SwiftConnect today announced the closing of a $37 million Series B financing to expand its access network for connecting people to the right place at the right time. The company’s latest investment round is led by Quadri Ventures, with participation from new investors HID (part of ASSA ABLOY), Egis Capital Partners, and Klingenstein Fields Advisors. Returning investors include Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital. In addition to expanding the company’s access network, the funding will be used to scale operations, drive geographic expansion, and support new product initiatives. SwiftConnect has raised $74 million in total funding to date.

SwiftConnect’s success is grounded in its ability to automate, centralize and digitize access management, user provisioning, and credential lifecycle management. This gives people the freedom to use their mobile access pass in NFC wallets and any other credentials to conveniently access buildings, offices and enterprise resources, amenities, and much more–regardless of the existing access control, identity management and building systems in place.

“Our Series B fundraise signals strong and ongoing investor confidence in SwiftConnect as we continue to reshape the physical access paradigm,” said Co-CEOs Chip Kruger and Matt Kopel of SwiftConnect. “As the network that powers a hassle-free experience for accessing places, spaces and things, SwiftConnect combines our vast partner ecosystem and vendor-neutral SaaS platform with our customer base of multinational organizations, iconic commercial real estate properties and portfolios, and other organizations to deliver the future of truly connected access and identity management. The new funding will continue to drive our leadership position in making seamless and secure access to anywhere possible so people can more easily access the most important things in their lives.”

“We are very excited to add SwiftConnect to our portfolio as our fourth investment in the access control space,” said Robert Chefitz, Founder and Managing Partner, Egis Capital Partners. “We were attracted to SwiftConnect because of their unique position at the intersection of physical and logical access technologies, as well as their demonstrated ability to maximize the value of installed systems based on their technical leadership in credentials and mobility. We are proud to back this excellent management team as they accelerate the growth of their global network.”

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Brivo and Eagle Eye Networks Announce $192M Investment – One of the Largest Ever in Cloud Physical Security

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SECOM CO., LTD, a $15B enterprise and one of the largest security integration companies in the world, invests in the two global cloud physical security leaders, accelerating the use of AI and improving safety and security

AUSTIN, Texas, BETHESDA, Maryland — May 17, 2023

Eagle Eye Networks, the global leader in cloud video surveillance and Brivo, the global leader of cloud-based access control and smart space technologies, today announced one of the largest investments to date in cloud physical security. SECOM CO., LTD, one of the largest security integration companies in the world, according to Forbes Global 2000, has made a primary equity investment of $192 million in the two companies, $100M in Eagle Eye Networks and $92M in Brivo.

“The SECOM investment underscores that cloud and AI are the future of physical security,” said Drako. “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. The Eagle Eye and Brivo open platforms provide customers with choice, efficiencies, and innovation, all of which this investment will accelerate.”

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Egis Portfolio Company ButterflyMX Acquires CloudKeyz, Uniting Complementary Property Access Technologies

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Real estate technology leader enhances its property access platform by integrating four new technologies to improve building operations, NOI, and resident satisfaction

NEW YORK, May 18, 2022 (GLOBE NEWSWIRE) — ButterflyMX, the leading provider of access control technology for multifamily, commercial, gated communities, and student housing properties, today announced it has acquired cloud-based access control company, CloudKeyz. The acquisition includes CloudKeyz’s assets, team, and customers, which will now operate under the ButterflyMX brand. This deal further expands ButterflyMX’s footprint and adds four powerful new products to its award-winning access control platform, which is currently relied upon by more than 7,500 buildings and 750,000 apartments.

The combination of CloudKeyz and ButterflyMX technologies creates a simple unified access solution with a variety of options for multifamily and commercial property access, including IP security cameras; gate/garage controllers; amenity and common area access controls; and a suite of card readers, key fobs and Bluetooth-enabled access devices.

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Egis Portfolio Company Brivo to Become Publicly Traded Company Through Merger with Crown Proptech Acquisitions

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BETHESDA, MD. and NEW YORK (November 10, 2021)

Brivo, Inc., the global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions (NYSE: CPTK) (“Crown”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its Class A common stock is expected to be listed under the ticker symbol “BRVS.” This strategic business combination will enable Brivo to leverage Crown’s experience and relationships as an owner and operator of commercial real estate to accelerate market expansion.

Since its founding in 1999, Brivo has pioneered and defined the cloud-base access control category. Brivo’s leadership was instrumental in transforming the security industry, which at the time was dominated by on-premise client-server technology, and has achieved remarkable growth with the innovative cloud-based hardware and software solutions it began rolling out in 2002. Today, Brivo builds and sells Software-as-a-Service-based (SaaS) building access management services and innovative connected devices to enterprises and property owners through over 1,500 channel partners. These partners provide local sales, service and installation across all classes of commercial real estate including office, industrial, multifamily and retail properties. As it continues to scale, Brivo expects to benefit from the dramatic increase in smart space adoption driven by the PropTech boom, the growing customer preference for cloud-based services, the new normal in safety and health, and a shift in security integrator channel sentiment – which has swung from 20% to 75% in favor of the cloud over the last five years.

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Egis Capital Announces Successful Exit of ACRE, a Global Provider of Access Control Security Systems

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SUMMIT, N.J., March 19, 2021 /PRNewswire/ — Egis Capital Partners (“Egis”) is pleased to announce that it recently realized its equity investment in ACRE, LLC (“ACRE” or “the Company”), a global leader in the delivery of security systems for access control, security video networking and commercial intrusion systems. The software and solutions provided by ACRE’s family of companies (Vanderbilt, Open Options, RS2 Technologies, ComNet and Razberi) help secure the highest valued assets of large and small customers operating in the private and public sectors.

The partnership with ACRE and Joseph Grillo, ACRE’s CEO and Egis Industry Advisory Board member was initiated in 2013, and since that time, the Company has completed eight acquisitions and had a very profitable sale of its Mercury division in 2017.  Egis works with security industry management teams to identify opportunities for investment in the Security and Protection industry. During Egis’s hold period, ACRE became one of the largest independent providers of access control and electronic security solutions in North America and Europe.

“When I founded ACRE, I knew Robert Chefitz and Egis Capital would be a trusted partner that had deep expertise in the Security Industry, a proven track-record of success, and the vision to see the opportunity ahead for ACRE,” said ACRE CEO Joseph Grillo. “Robert was our first investor to commit and through his personal relationships with LLR we were able to build out the capital structure.  Since our initial acquisition, Robert has been instrumental in supporting our ongoing efforts to make add-on acquisitions that broadened our geography and technology.”

Robert Chefitz, Egis Founder and Managing Partner, stated, “Joe Grillo has done an excellent job in building his team and delivering an outstanding result for shareholders.  ACRE has continuously been able to attract and acquire interesting brands in the security space. Joe and his team have been brilliant in integrating these companies into a very profitable business.”

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Egis Portfolio Company ACRE Boosts Portfolio With Razberi Technologies Acquisition

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ACRE, a global provider of security systems, announced the acquisition of Razberi Technologies. Razberi, founded in 2011, has developed a portfolio of products that enable enterprises to deploy video surveillance systems.

This purchase for undisclosed terms will enhance ACRE’s strategic expansion plans for strengthening its video and communications business and product portfolio.

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ButterflyMX Receives Growth Capital Funding from Egis

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ButterflyMX, creator of the smart intercom, a secure and convenient smartphone-based technology that is changing the way residents and tenants access their buildings, today announced the closing of a $35M growth equity round. This latest round was led by Volition Capital, with participation from Egis Capital, RiverPark Ventures and Stifel Venture Bank. The round will enable ButterflyMX to expand into new markets and introduce new products that extend its award-winning smart intercom access experience from the front door to the rest of the building.

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Egis Portfolio Company Brivo Acquires Parakeet to Add Smart Building Capabilities

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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.

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Egis Portfolio Company ACRE to Acquire RS2 Technologies

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ACRE, a global leader providing state-of-the-art security systems, announced today it has entered into a definitive agreement to acquire RS2 Technologies in Munster, Ind. This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio.

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Egis Portfolio Company ACRE to Acquire Texas-based Open Options

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This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio, particularly in North America.

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