Articles
Water Management Maintains a Steady Flow of Funding
August 31st, 2023Technovator Smart Buildings Business and 2022 Financials Examined
August 30th, 2023
Mapping the Strategic Direction of Grosvenor Property Group in Smart Buildings
This Research Note examines the emerging strategic priorities of Grosvenor Property Group in the smart commercial buildings space. We have mapped strategic partnerships and investment activity by categorizing the various business relationships by technology and investment type over a 3-year period between January 2021 and July 2023. Grosvenor (GPUK) is the UK’s largest private property […]

US Smart Lighting Solution Provider Igor Tech Closes Down
This Research Note examines the closure of Igor Inc, the smart lighting solution provider. Founded in 2013, West Des Moines, Iowa-based Igor Inc., was the provider of Nexos, a Power-over-Ethernet (PoE) based IoT smart building platform that incorporated hardware, software and cloud analytics to enable smart buildings. The platform was positioned to enable non-electricians to […]

Siemens Xcelerator Partners Focus on Energy Performance Optimization & Building Analytics for Building X
This Research Note examines the progress of Siemens Buildings business in establishing the Siemens Xcelerator open ecosystem for its Building X suite, a year on from the launch of their software, open platform and co-innovation strategy. The Building X smart buildings SaaS software suite was launched in June 2022 by the Buildings business of Siemens […]

Funding Takes Off for AI Drone Building Inspection!
Of the one million or so buildings in New York City, 314 have over 40 stories and are considered skyscrapers but more than 14,500 are over the six-story threshold to require a physical inspection of their facade every five years. With the growth of tall buildings around the world, especially in Asian and Middle Eastern […]

SmartRent Smart Apartment Business, Financials & Growth Strategy Examined
In this Research Note, we examine SmartRent, a smart home technology company focused on rental housing in the U.S. Our analysis is based on their FY2022 annual results and investor presentations. Founded in 2017, SmartRent, Inc. is an Arizona-based provider of a smart home technology platform for property owners, managers, developers, homebuilders and residents. Their […]

Workplace Management Platform Provider Jooxter Doubles in Size with Acquisition of Wx Solutions
This Research Note examines Jooxter, a French workplace management startup and its May 2023 acquisition of Wx Solutions, part of Sodexo Group. Founded in the Nord de France region at Euratechnologies in 2014, Lille-based Jooxter is a provider of a SaaS workplace management platform that enables employees and their managers to work more efficiently. It […]

Workplace Experience Apps Emerge Across the Global Office Market
Apps have become so integrated into our daily lives over the past 15 years it is easy to forget what life was like before them or underestimate the influence they have today. Apps have quickly moved beyond the games, media, and social purposes that dominated early years to take on critical aspects in our lives, […]

Azbil Building Automation Business and Financials Examined
In this Research Note, we examine Azbil, a Japanese public company with a leading position in the domestic building automation market. Our analysis is based on their FY2022 annual results, year ending 31st March 2023 and investor presentations. The Building Automation (BA) business, the largest of three business units, accounts for 46% of consolidated net […]