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  6. Brivo Acquires Parakeet Technologies

M&A Deal Summary

Brivo Acquires Parakeet Technologies

On March 3, 2020, Brivo acquired information technology company Parakeet Technologies

Acquisition Highlights
  • This is Brivo’s 1st transaction in the Information Technology sector.
  • This is Brivo’s 1st transaction in the United States.
  • This is Brivo’s 1st transaction in Utah.

M&A Deal Summary
Date 2020-03-03
Target Parakeet Technologies
Sector Information Technology
Buyer(s) Brivo
Deal Type Add-on Acquisition

Target

Parakeet Technologies

Provo, Utah, United States
Parakeet Technologies is a provider of smart building solutions which include sensors, thermostats, wireless locks, and lighting controls. Parakeet Technology's goal is to enable vacation property managers to simplify access management, improve facility oversight, optimize energy consumption, and provide a better tenant experience.

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Buyer(S) 1

Buyer

Brivo

Bethesda, Maryland, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Brivo is a provider of SaaS-based security management systems for organizations that need to protect and remotely monitor buildings and perimeter entry points. Brivo was founded in 1999 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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