Articles

This Research Note examines the IPO of Mendole A/S, a Danish building services company that has recently gone public on the Swedish Spotlight stock exchange. Based on the company presentation, IPO information memorandum, and subsequent press releases, we explore the transaction details, financial highlights, and overall buy-and-build strategy. Transaction Details Mendole has secured 50% of […]

Southeast Asia stands at a critical juncture in its energy journey. With electricity demand surging by over 60% in the past decade and projected to more than double by 2050, the region presents both a formidable challenge and an extraordinary opportunity for energy efficiency solutions. Our new report is a collaboration with Singapore-based Ampotech and […]

This Research Note examines Hager Group, the German supplier of electrical distribution products for residential applications, which has extended its business focus to commercial buildings. We comment on its recent inorganic growth strategy in energy management software and services, before analyzing the impact of their acquisitions since 2010. Hager Group Profile Hager Group is a […]

Most property managers know their buildings are hemorrhaging money through inefficient systems. The problem? They have no idea where to start looking. Devon Newton, VP of Property Management at Stiles, faced this exact challenge with 110 East, a new Class A development in Charlotte’s Southpark district. Despite managing 116 properties across the Southeast, she found […]

This Research Note takes an in-depth look at Verdigris, provider of a hardware-enabled SaaS energy management solution for commercial and industrial buildings. We examine the company offerings, disclosed funding, deployments, and partnerships before providing a Memoori view on the firm. Verdigris Profile Co-founded in 2010 by Mark Chung, CEO, Verdigris Technologies Inc. is headquartered at […]

This Research Note takes an in-depth look at UK startup Noda’s filing of their 2024 company accounts, released on 30th July 2025, detailing the financial results of Information Grid Ltd. We also comment on strategic decisions made in 2024 and 2025, including a strategic pivot in their software portfolio and headcount reductions. This article updates […]

This Research Note explores Nordomatic Group, one of the leading independent building management systems integrators in Europe. We examine software offerings, group ownership, and M&A strategy in the past 12 months before assessing financial results, based on public records, press releases, and Nordomatic 2024 Sustainability Report. This article updates our previous coverage of Nordomatic’s strategic […]

This Research Note examines Smart Joules, one of 11 Indian smart building startups recognized as gaining traction in our March 2025 Research Note. We explore the company’s solutions and services, external funding, vertical markets, deployments, and competition. Smart Joules Profile Smart Joules claims to be India’s leading energy efficiency company. Founded in 2014 by CEO Arjun […]