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 ButterflyMX Secures $50 Million in Series D Funding

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NEW YORK, Dec. 7, 2021 /PRNewswire/ — ButterflyMX, creator of smart video intercoms, package rooms, keypads, elevator controls, key lockers, and other access control technology for multifamily, commercial, and student housing properties, today announced the closing of a $50 million growth equity round led by JMI Equity, with participation from Volition Capital, Egis Capital, and RiverPark Ventures. This latest round of funding will allow ButterflyMX to provide the real estate industry with its first-ever unified property access solution, designed to streamline building operations and enhance the resident experience.

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Robert Chefitz, ButterflyMX board member and managing partner at Egis Capital, continued his Series C investment recognizing that property security is now more important than ever.

“With all of the delivery people and service providers that now need to access buildings, security has never been more important,” explained Chefitz. “ButterflyMX’s new unified access control platform is the perfect solution to manage the flow of people and packages into a property while improving security and maintaining peace of mind.”

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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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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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