Articles

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: […]

In this Research Note, we examine Irisity AB, a Swedish provider of AI-powered video analytics solutions. This analysis highlights their financials based on the 2023 Annual Report, the acquisition of Ultinous announced in February 2024, and the subsequent streamlining of group operations. Irisity AB is a public company listed on Nasdaq First North Growth Market. […]

In this Research Note, we examine the Axis Communications video surveillance business. This analysis is based on Canon’s 2023 Results Presentation 30 January 2024, Axis Communications 2023 Sustainability Report, 22 May 2024, and Memoori analysis. Founded in 1984 with headquarters in Lund, Sweden, Axis Communications offers products and services for video surveillance and analytics, access […]

In this Research Note, we examine the Finnish digital locking company iLOQ. This article is based on the financial statements and the 2023 Annual Report of Capnor Weasel Bidco Oyj, iLOQ’s parent company, and coverage of their activities in the last year. Founded in 2003, iLOQ is a Finnish specialist in the mechatronic locking sector. Based […]

This Research Note examines what’s behind the acquisition of Cobalt Robotics by Dean Drako, announced on 4th June 2024. We review the development of Cobalt, the strategic rationale of the acquisition, and the accelerating trend of robotic technologies as a mainstream security solution. Cobalt Robotics Acquisition Founded in 2016 in Fremont, California Cobalt Robotics develops […]

Over $5.5 billion has been invested in smart building startups since the beginning of 2023, that’s according to data from our latest research, which reveals key data on 284 funding rounds. Over $2 billion of that was invested in the first four months of 2024, according to our data. The outlook for investment and alliances […]