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Brivo, a leader in cloud-based access control and smart building technology, is merging with Crown PropTech Acquisitions (NYSE:CPTK). The deal values Brivo at an enterprise value of $808 million and is expected to provide up to $304 million in cash proceeds. Proceeds will fund growth initiatives, aiming for $417 million in revenue and $290 million in annual recurring revenue by 2025. The merger reflects a strategic opportunity to capitalize on the expanding smart space market.