Articles

In this Research Note, we examine Verisure, the monitored security services firm that has recently completed its IPO. We highlight the transaction details, explore the business, based on its IPO prospectus and recent company presentations, before commenting on their strategic acquisitions in the self-monitored and professionally monitored security markets.  Transaction Details Verisure completed its IPO […]

This Research Note examines the Australian listed company, icetana AI, based on its latest financial results year ending 30 June 2025 and its deployments, strategic investments and regional growth opportunities over the past three years. icetana AI Profile Founded in 2009, icetana AI is a small software as a service (SaaS) company specializing in AI-assisted […]

The video surveillance industry is undergoing its most significant transformation since the shift from analog to digital. What was once primarily a reactive security tool, cameras recording footage for post-incident review, is evolving into a proactive intelligence infrastructure. The traditional model of video surveillance centered on cameras, on-premise storage and software. That era is coming […]

This Research Note examines the electronic security business of Securitas, rebranded as Securitas Technology, based on investor presentations and their 2024 annual report.  This article highlights the financial performance and progress of the business in integrating the STANLEY Security acquisition and repositioning the group as a technology-based supplier of integrated solutions in higher growth markets. […]

This Research Note examines the technology strategy of ASSA ABLOY, the Swedish-headquartered global access control business, by analyzing the acquisitions, partnerships, divestments, and investments of the group’s Global Technologies division. In part 2, we have mapped the strategic direction of the Global Solutions business unit by categorizing the various transactions by vertical market since January […]

This Research Note examines the technology strategy of ASSA ABLOY, the Swedish headquartered global access control business, by analyzing the acquisitions, divestments, partnerships, and investments of the group’s Global Technologies division. In part 1, we map the strategic direction of HID by categorizing the various transactions by technology since January 2023. Part 2 covers the technology […]

This Research Note examines one of the top three companies in the global access solutions market, dormakaba. Based on their FY2024/2025 financial results, year ending 30 June 2025, and investor presentation, we summarize their financial highlights and explore their North American growth strategy and business model change for access control products. Previously, we covered their […]

This Research Note explores the development and financial highlights of Hanwha Vision, formerly known as Hanwha Techwin, a video surveillance company listed on the South Korean stock exchange. This analysis is based on  Hanwha Vision’s Sustainability Report, 2nd July 2025, and Memoori analysis. Hanwha Vision Profile Headquartered in South Korea, Hanwha Techwin entered the video […]