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Dean Drako Acquires Brivo Cloud Access Control Company for $50 Million

BETHESDA, MD, June 11, 2015

Dean Drako and Brivo announced today that the company has
been wholly acquired for $50 million by Dean Drako. As Brivo’s owner, Drako will serve as the
company’s chairman, and Steve Van Till, Brivo’s president and CEO, will continue leading the
company.
Brivo’s cloud-managed access control system currently services over 6 million users and over
100,000 access points, providing hassle-free access control for small and medium businesses,
along with unmatched scalability and centralized management for global enterprises. Founded
in 1999, Brivo has maintained long-standing partnerships with Tyco Security, ADT, Protection
One and Stanley Security among other industry leaders.
“We are extremely excited that Dean Drako has acquired Brivo and will serve as Chairman. In
addition to Dean previously leading Barracuda Networks to be a multi-billion dollar company,
he has grown his latest company, Eagle Eye Networks, to be the technology leader in cloud
video surveillance,” said Steve Van Till, president & CEO, Brivo Systems.  “We share a mutual
vision in seeing the tremendous advantages of cloud-based systems.”
“My goal was to acquire the physical security industry’s best-in-class access control system,”
said Dean Drako.  “Brivo’s true cloud architecture and open API approach put it a generation
ahead of other access control systems.  Cloud solutions provides exceptional benefits and Brivo
has made tremendous inroads delivering those advantages for physical security.”
In April, Brivo Systems and Eagle Eye Networks, Drako’s cloud video surveillance company,
announced a strategic alliance to integrate Brivo OnAir® and the Eagle Eye Security Camera
VMS, to deliver customers a unified cloud-based access control and video surveillance system.
The combined solutions offer multi-location hosted services for fully integrated video and
access control.

About Dean Drako
Dean Drako is a parallel entrepreneur, investor, and engineer. In addition to his role as owner
and Chairman of Brivo Systems, Drako is founder, President and CEO of Eagle Eye Networks,
delivering the first on-demand cloud based security and operations video management system
(VMS) providing both cloud and on-premise recording. Prior to forming Eagle Eye Networks,
Drako was founder, president and CEO of Barracuda Networks, where he developed the IT
security industry’s first spam filter appliance. From Barracuda’s inception in 2003 through 2012,
Drako grew the company to be an IT security industry leader for mid-market businesses, with
more than $200 million in annual sales and 150,000 customers. Barracuda Networks completed
its IPO on the NYSE in 2013. In 2007, Drako won the Ernst and Young Northern California
Entrepreneur of the Year. Goldman Sachs named Dean as one of the “100 Most Intriguing
Entrepreneurs of 2014.”

About Brivo Systems
Brivo, Inc. is a worldwide leader of cloud-based physical access control systems.  Currently
servicing over 6 million users, the company’s award-winning Brivo OnAir provides unmatched
scalability and centralized security management for global enterprises, while retaining the ease
of use for small and medium sized customers. The Brivo OnAir security management system is
unique in providing combined access and video management in a single cloud platform.
Headquartered in Bethesda, MD, Brivo was founded in 1999.