Software Firm Brivo Nears SPAC Deal With Crown PropTech

  • Security firm is valued at $800 million, including debt
  • Brivo customers include Whole Foods, Salesforce, Solidcore

Photographer: Jason Alden/Bloomberg

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Brivo Inc., a maker of security software for buildings, is going public through a merger with blank-check company Crown PropTech Acquisitions.

The company’s announced a deal on Wednesday valuing the combined entity at around $800 million, including debt, confirming an earlier Bloomberg News report.