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Flowscape Technology AB, a Stockholm-based listed company registered on the Swedish Spotlight Stock Market, is a provider of space booking software and hardware with revenues under $10 million. In this Research Note, we examine the business, based on their trading updates, investor presentations, and workplace management strategy. Flowscape, founded in 2011 has developed a system for optimizing office space as well as increasing employee efficiency and well-being. Their solution uses IoT sensors and indoor positioning technology to create a SaaS solution for smart offices, which includes room booking, desk booking, planning the week at the office, colleague finding, space utilization analytics and internal communication. Company strategy during 2021 has been to increase software sales, which enable annual recurring revenue, and to reduce the proportion of hardware and non-recurring revenue for higher and long-term stable growth. As a result, the company's total recurring license revenues increased by 49%. However, the decrease in non-recurring sales of hardware meant that total net sales in 2021 did not […]
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In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. This analysis is based on last month’s publication of their annual company accounts. We also highlight their recent product launches, the planned new headquarters, and a 2025 acquisition. Kieback&Peter GmbH & Co. KG […]
In this Research Note, we examine CBRE’s recent announcement of the creation of a new Building Operations & Experience business segment, in conjunction with the acquisition of Industrious, a US provider of flexible workplace solutions. We assess the changes to the former Global Workplace Solutions business and comment on the Industrious acquisition and the state […]
This Research Note explores what’s behind Yardi Systems’ recent acquisitions of Hubble and Deskpass in the coworking sector. We focus on Yardi’s strategic rationale for acquiring these two firms, the company’s prior acquisitions in the sector, and the current state of coworking in the office market. Yardi Profile Founded in 1984 by Anant Yardi and […]
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