Articles

This Research Note examines Securitas Technology and Solutions, the business line of Securitas plc, which offers electronic security, remote guarding solutions, and tech-enabled services. The article is based on investor presentations and their Full Year 2025 report, updating our previous coverage of the business in October 2025. Securitas Technology & Solutions Profile Securitas Technology, officially […]

This Research Note examines the Chinese AI and computer vision company, SenseTime. We highlight 2025 results by business segment, based on their 2025 annual report announcements and investor presentations. This article updates our previous coverage of SenseTime in April 2025. SenseTime 2025 Financial Highlights For the full year of 2025, the Group’s total revenue increased by […]

Johnson Controls is working with advisers to gauge buyer appetite for its Access Control and Intrusion Detection units, with a combined price tag potentially reaching $4.5 billion, according to a Bloomberg report. The company is exploring selling the units separately or together, though deliberations remain at an early stage and retaining one or both is […]

This Research Note examines Milestone Systems’ video technology software business, based on its 2025 Annual Report and Canon’s 2025 financial results.  We explore their financial highlights, innovation investments, M&A, and 2026 outlook. This article updates our previous coverage of Milestone in April 2025. Milestone Systems Profile Headquartered in Copenhagen, Denmark, Milestone Systems A/S is a […]

Following on from last week’s announcement of a $50 million Series B round, this Research Note examines Alcatraz, which has developed an AI-powered physical access control system that authenticates employees without collecting personal data.  We review the development of the US startup and its flagship facial authentication device, before assessing the likelihood of Johnson Controls […]

In this Research Note, we examine Alarm.com, a US provider of physical security, intelligent automation, and energy management solutions for smart homes and commercial real estate.  This analysis is based on Alarm.com 2025 results, 19th February 2026, investor presentations, 2025 10K report and announcements throughout the year. We previously covered the company in March 2025. […]

This Research Note examines M&A and investment activity at dormakaba over the last 14 months, highlighting their commitment to execute their growth strategy at a bolder pace. We comment on this acceleration of external investments based on 6 bolt-on acquisitions and 3 strategic investments since February 2025, review their North American growth plan, and provide […]

In this Research Note, we examine Motorola Solutions’ Video Security & Access Control business in the past year, based on their full-year 2025 financial results and Investor Overview Presentation. We also review their acquisition of Blue Eye in November 2025. Motorola Solutions Profile Motorola Solutions is a US-listed company leading in public safety and enterprise […]