Articles

Security

Irisity’s 2025 Restructuring: Mixed Results Drive Strategic Changes

June 25th, 2025
Security

Elatec Acquired by Allegion to Augment Access Control Portfolio

June 17th, 2025
Vitaprotech Reorg 2025
Security

Vitaprotech’s 2025 Consolidation: New 4-Channel Strategy Simplifies Structure

This Research Note examines the strategic reorganization of the French security solutions player, Vitaprotech, following its buy-and-build strategy with 13 acquisitions completed over the last 5 years, the most recent of which was Identiv in April 2024. This article highlights the group`s simplified go-to-market approach based on 4 distinct sales channels. Vitaprotech Group Profile Created in […]

Evolv Weapons Technology Physical Security
Security

Evolv Reported Solid 31% Revenue Growth in 2024

In this Research Note, we examine Evolv Technology, a US public company providing AI-based weapons detection for security screening. We highlight the firm’s 2024 financial results, restated following a US SEC investigation, based on their 28th April 2025 announcement, 2024 10-K Report, and Investor Presentation, October 2024.  This article also includes Evolv’s resolution of the […]

Senstar Perimeter Protection
Security

Senstar Reports Strong 2024 Results with 9% Revenue Growth

In this Research Note, we examine Senstar Technologies (NASDAQ: SNT), a Canadian provider of perimeter intrusion detection systems for the protection of critical infrastructure, based on their 2024 20F financial report, earnings release, investor presentation, vertical market focus, and strategy.  This article updates our previous June 2023 analysis. Senstar Profile Founded in 1984 as an […]

HIKvision 2024 Financials
Security

Hikvision’s Strategic AIoT Shift & 2024 Financials Explored

In this Research Note, we examine the Chinese video surveillance giant, Hikvision (Hangzhou Hikvision Digital Technology Co., Ltd), focusing on their strategic repositioning and business organization, before highlighting their 2024 results. This article is based on an IR presentation, October 2024, Hikvision’s 2024 Annual Report, 19 April 2025, associated press release, and Memoori analysis. See […]

iLOQ 2024
Security

iLOQ Digital Locking Business Navigates Market Challenges in 2025

In this Research Note, we examine the Finnish digital locking innovator iLOQ.This article is based on the financial statements and the 2024 Annual Report of Capnor Weasel Bidco Oyj, iLOQ’s parent company, published 14th April 2025. We highlight the group’s growth strategy, 2025 outlook, and the recent announcement of headcount reductions. iLOQ Profile Founded in […]

Advances WinGuard
Security

Advancis Secures Private Equity Investment in 2024: PSIM Market Implications

This Research Note examines Advancis Software & Services GmbH, a medium-sized German company providing physical security & identity software solutions. We review their latest company accounts y/e 31st December 2023 released on 4th February 2025, and comment on their private equity minority investment and positioning in the Physical Security Information Management (PSIM) market. Advancis Profile […]

Synectics Security Financials 2024
Security

Synectics 2024 Financial Results Delivered 56.8% Profit Growth

In this Research Note, we examine Synectics plc, the UK-listed provider of large-scale electronic security systems for critical and regulated environments. This article is based on their Annual Results, year ending 30 November 2024 announced on 04th March 2025, and their InvestorMeet presentation on 10th March 2025. We covered their 2023 results in April last […]

Milestone Systems Acquires brighter AI
Security

Milestone Systems Acquires brighter AI to Enhance Video Anonymization

This Research Note examines the Milestone Systems acquisition of brighter AI. The Canon-owned provider of video management software announced the purchase of the German startup on 7th April 2025 to augment its anonymization capabilities for image and video data. We highlight the strategic rationale of the acquisition and project Hafnia, Milestone Systems’ R&D program to […]

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