Security

Irisity Video Analytics Business and Financials Examined

In this Research Note, we examine Irisity AB, a Swedish provider of AI-powered video analytics solutions. This analysis is based on their 2021 Annual Report, investor presentations, acquisitions and growth strategy. Irisity AB is a public company listed on Nasdaq First North Growth Market. Founded in 2006, the company serves customers in more than 90 countries with headquarters in Gothenburg, Sweden and offices in Israel, USA, UAE, Mexico, Singapore and Denmark. The firm, employing around 100 staff, operates through a network of resellers, partners, security companies, and camera manufacturers globally.  The Group’s 2021 consolidated net sales amounted to MSEK 93.1 (USD 9.1M), a net increase in revenue of 110% with an underlying organic growth of 41%, an EBITDA result that turned positive after an increase of 200%, a gross margin that strengthened by 20% and a Monthly Recurring Revenue that increased from MSEK 1.5 to 6.6. In September 2021, Irisity announced the acquisition of Agent Video Intelligence (Agent Vi), an Israeli-based provider of […]

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Security

Mapping the Strategic Direction of Johnson Controls – Part 2

This Research Note examines the emerging strategic priorities of Johnson Controls (JCI) in physical and cyber security. We have mapped acquisitions, divestments, strategic partnerships and investment activity to ascertain the growth ambitions of the group, by categorizing the various business relationships by technology and investment type over a 3-year period. This article, part 2 of a 2-part analysis, […]

Security

Mapping the Strategic Direction of ADT Security

In this research note, we map the strategic direction of US security alarms and monitoring services provider ADT. This analysis focuses on the acquisition, investment and partnership moves they have made in Smart Home, Mobility and Connectivity / Cyber Security. ADT Reported revenues of $5.3 billion in 2021, They met or exceeded guidance from the […]

Smart Buildings

Smart Buildings Are Being Forced into a Cyber AI Arms Race

Cyber-attacks now rank alongside natural disasters and climate change as one of humanity’s top ten risks globally, according to the World Economic Forum. Like pandemics and global economic crises, a wide range of buildings, businesses, public services, and almost every facet of society is at risk after the widespread proliferation of connected technologies, such as the […]

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