Articles

In this Research Note, we examine the ADT Commercial fire and security business, based on their 2022 Results, investor presentations and strategy throughout 2022, updating our previous analysis. ADT is a US public company providing smart home, commercial security, and solar solutions serving residential, small business, and commercial customers in the United States. Total revenues […]

In this Research Note, we examine Convergint, a North American security systems integrator. This analysis covers the firm’s target vertical markets and M&A strategy and updates our previous analysis. Headquartered in Schaumberg, Illinois, Convergint is a $2.0 billion systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and […]

This Research Note explores the acquisition of Paladin Technologies by Bosch Building Technologies announced on 5th July 2023. With this transaction, Bosch plans to expand its building services offering in the U.S. and enter the systems integration market in Canada. Paladin Technologies, the largest Canadian security systems integrator, has over 1,500 associates and projected 2023 […]

In this Research Note, we examine FireAngel Safety Technology Group plc, a UK AIM-listed company, founded in 1998, with a product portfolio of smoke alarms, CO alarms, heat alarms and accessories. Based on their 2022 Annual Report, investor presentations and press releases, this analysis covers their product portfolio, 2022 financial results and the June 2023 […]

In this Research Note, we examine the Chinese video surveillance giant, Hikvision (Hangzhou Hikvision Digital Technology Co., Ltd) focusing on their 2022 financial results, based on their 2022 Annual Report and analyst reports. This article updates our previous analysis. Hikvision is the world’s largest manufacturer of video surveillance equipment. Established in 2001, the Company was […]

In this Research Note, we examine Senstar Technologies perimeter protection business, based on their 2022 20F financial report, earnings release, investor presentations, vertical market focus and strategy. This article updates our previous May 2022 analysis. Senstar Technologies Ltd, a listed company on the US Nasdaq global market, based in Ramat Gan, Israel, was established in […]

In this Research Note, we examine Synectics plc, the listed UK provider of large-scale electronic security systems for critical and regulated environments. This article is based on their 2022 Annual Results, Investor presentation, 2022 Annual Report and press releases throughout the year. Based in Sheffield, UK, the company’s expertise is in providing solutions for specific […]

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 […]