Articles

This Research Note examines the recent acquisition of German video surveillance manufacturer Mobotix AG by private equity firm Certina Group, which has taken over the 65% stake in the company from the Japanese Konica Minolta Group. This article updates our previous coverage of the repositioning strategy of Mobotix in 2022 and 2024. Transaction Details On […]

In this Research Note, we examine Allegion’s progress in the digital transformation of its access control business in 2024, before assessing its strategic direction in recent years. Our research is based on Allegion’s 2024 full-year results, 18th February 2025, and acquisitions, strategic partnerships, and investment activity since 2020. We previously mapped their strategic direction in […]

In this Research Note, we examine Alarm.com, a U.S. provider of physical security, intelligent automation, and energy management solutions for smart homes and commercial real estate. This analysis highlights the growth strategy of the commercial security, international and venture businesses. It is based on Alarm.com’s Q4 Earnings call, 20th February 2025, investor presentations, 2024 10K […]

In this Research Note, we examine Motorola Solutions’ Video & Access Control business in the past year, based on their full-year 2024 financial results, earnings call and Q&A, 13th February 2025, an Investor Overview, January 2025, and their 2024 10K Report. We also review acquisitions completed in 2024 by the Video Security and Command Center […]

How did a UK electronics vendor successfully expand globally, compete against industry giants, and grow exports to over 40% of their business? In this podcast episode, John Davies, former Managing Director of TDSi, reveals some strategies that transformed a regional Access Control vendor into an international player. In our Podcast series “Sh*t You Wish Your […]

This Research Note examines ButterflyMX, a New York City-based video intercom and access control systems provider founded in 2014. We highlight their product suite, external funding, deployments, acquisitions, and growth before providing our view of the company. ButterflyMX Product Suite ButterflyMX launched its smartphone-powered Video Intercom in 2014. Since then, ButterflyMX has scaled its product […]

In this Research Note, we examine Wavelynx Technologies, a Broomfield, Colorado-based vendor providing mobile-first identity and access control solutions. We take an in-depth look at the origins of the firm, its product portfolio, ownership, growth, regional expansion, and recent partnerships. Wavelynx Origins Wavelynx Technologies was founded in 2013 by Hugo Wendling, who had co-founded XceedID […]

In this Research Note, we examine the divestment of Bosch Security Products to Triton Partners, announced on 12th December 2024. We focus on the transaction, the new owner, and the realignment strategy in Bosch Building Technologies and the Energy and Building Technology business area. Bosch announced it planned to divest the business in October 2023, […]