Articles

The physical security industry has developed a healthy funding environment in recent years with venture capitalists providing significant backing to security companies. But this month’s $192 million investment by Japanese security integrator SECOM, into video surveillance company Eagle Eye Networks and access control provider Brivo is somewhat of an outlier. In this research note, we […]

In this Research Note, we examine the Salto Systems business, based on their recent activities, 2022 revenues, M&A strategy, product innovation and target markets. This article updates our previous analysis of March 2022. Founded in 2001 and headquartered in Oiartzun, Spain, Salto Systems is a manufacturer of electronic locks and access control solutions. The group […]

In this Research Note, we examine Gorilla Technology Group, the Taiwanese video surveillance business, based on their 2022 financial results, Annual Report, investor presentations and strategic pivot to Security Convergence. This is an update on our previous article, SPACS: The 800-pound Gorilla in the PropTech Room. The Gorilla Technology IPO, was completed in July 2022, […]

In this Research Note, we examine iLOQ, the Finnish digital access management business, based on 2022 financial results, Annual reports and recent press releases. This is an update on our previous article, Exploring iLOQ Financials & the Mechatronic Lock Market. iLOQ is a growing Finnish innovator in the mechatronic locking sector. Based on patented energy-harvesting […]

In this Research Note, we examine the Canon video surveillance businesses, incorporating Canon and Axis Communications network cameras, Milestone video management software, Arcules cloud services and BriefCam video analytics software. This analysis is based on the parent company 2022 financial results, investor presentations, Corporate Strategy conference 6th March 2023, Axis 2022 Sustainability Report, 29th March […]

Precise Biometrics, a Sweden-based biometric solutions provider founded in 1997. The company went public on October 3rd, 2000, with its shares listed on the Nasdaq OMX Stockholm. In this research note, we examine the financial performance and business developments achieved by Precise Biometrics over the past year based on their year-end report and ABGSC Investor […]

Motorola Solutions achieved record sales in 2022 in both its product segments and all three technology groups. The firm’s total revenue in 2022 reached $9.1 billion, a 12% increase on 2021 figures. While growth came primarily from its radio communications product lines, its video security business has also grown by around $300 million year-over-year and […]

In this Research Note, we examine the HVAC and Fire & Security business of Carrier, based on their 2022 10K Report, investor presentations and building technology-related digital business throughout 2022. Carrier Global Corporation is a global provider of healthy, safe, sustainable and intelligent building and cold chain solutions with a focus on providing differentiated, digitally-enabled […]