Smart Buildings

CXApp Reports Double-Digit Growth in 2024 Recurring Revenue

In this Research Note, we examine the CXApp workplace experience business and 2024 financials, based on their 10-K Report, SEC filings, and investor presentation, dated 3rd April 2025. CXApp Profile In March 2023, KINS Technology Group Inc, a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the successful completion of its previously announced business combination with CXApp Holding Corp. Memoori analysed this move in our Research Note entitled Smart Building SPAC Trend Continues with Hybrid Work Play CXApp. The company is focused on developing enterprise workplace apps built on customer experience (CX) and artificial intelligence (AI). Their CXAI SaaS platform is claimed to be the most advanced technology solution “solving the biggest post-pandemic problems in the workplace” – the Return to Office (RTO) and Employee Engagement. CXApp’s customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals. Founded in 2022 and headquartered in the SF […]

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Johnson Controls Tyco Merger
Smart Buildings

Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger

Nearly 10 years after the merger between Johnson Controls and Tyco in 2016, the $16.5 billion deal stands as one of the most significant consolidation moves in the building technologies sector. Today, with the benefit of hindsight and financial data, we can evaluate whether this mega-merger achieved its ambitious objectives. The 2016 merger created a […]

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Energy

Verdigris: Comprehensive Review of the Energy Management Platform in 2025

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learnd’s Strategic €48.5M Management Buyout Signals New Growth Phase

This Research Note examines learnd SE, a Luxembourg public company, which announced on 24th September 2025, that the founders have taken a majority stake and are to take the company private. We explore the transaction details, learnd’s history and buy and build strategy followed by the implications of the organizational change and a Memoori view. […]

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