Articles

In this Research Note, we examine the Milestone Systems Video Management Software (VMS) business. This analysis of their 2023 financial highlights, growth strategy, and M&A is based on Canon’s 2023 Results Presentation 30 January 2024, Milestone Systems 2023 Annual Report and Memoori analysis. Milestone Systems Profile Headquartered in Brøndby, Denmark, Milestone Systems A/S is a […]

This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]

In this Research Note, we examine one of the top three companies in the global access solutions market, dormakaba. Based on their FY2023/2024 financial results, year ending 30 June 2024 and their latest corporate presentation, this article highlights their solutions portfolio, financial highlights, and the latest results of their two business segments. dormakaba is listed […]

In this Research Note, we examine the Mobotix video security business, based on their FY 2023 results, year ending 30 September 2023, Annual Report, FY 2024 outlook, May 2024 AGM Presentation, and our analysis of company strategy and position in the highly competitive video surveillance market. Mobotix 2022/2023 Financial Highlights Founded in 1999 and based […]

On July 19th 2024 the world experienced what has been called “the largest computer blackout in history” after 850 million failing computers took down airports, emergency services, television networks, and much more. The incident was not caused by an international criminal group or a malicious state actor, instead, however, it was just a Crowdstrike update […]

This Research Note examines the flurry of consolidation activity in the critical event management software market announced in July 2024. We are seeing both corporate buyers in the physical security sector and private equity firms augmenting their portfolios with software that helps businesses anticipate, prepare for and efficiently respond to incidents. The latest transaction announced […]

This Research Note examines the fire detection and suppression businesses of Halma plc, part of the Safety Sector of the UK public company. This analysis is based on financial releases, investor presentations, year ending 31 March 2024, announced on 13th June 2024, and Memoori analysis of the major companies and estimated revenue mix of the […]

In this Research Note, we examine Gorilla Technology Group, the London, UK-headquartered security convergence business, based on their 2023 financial results, Annual Report, and investor presentation, June 2024. The Gorilla Technology IPO, was completed in July 2022, through a SPAC merger with dedicated “blank check company” Global SPAC Partners Co. Gorilla Technology Group Inc. (Nasdaq: […]