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Acquisitions, partnerships and investments are playing an increasingly important role in implementing strategic goals for major stakeholders in the built environment, particularly in providing access to the range of innovative technologies being developed in the smart buildings space. We have seen a wave of investment by real estate services firms into technology solutions in 2021 with […]

In this Research Note, we examine Nordomatic, the largest independent integrator of open, cloud-based smart building solutions in the Nordic region. This analysis is based on the Nordomatic 2021 Sustainability Report and their strategy to achieve global impact leadership within Smart Buildings by 2025. Founded in 1967 and headquartered in Stockholm, Sweden, Nordomatic reports a turnover of around SEK 1 billion (around $100 million), with almost 600 employees. With a presence in Sweden, Denmark and Norway, the group offers full lifecycle capabilities for its customers – from new project integrations, retrofits and upgrades to aftermarket service and support. Its BMS solutions integrate and manage a building’s heating/cooling, lighting, access control and security as well as fire control.   Nordomatic’s business delivery model is split between: BMS Integration solutions and services: for new buildings or total refurbishments. This represents approximately 45% of total revenues.BMS Upgrade & Service for existing buildings, which represents ca 52% of total revenues.BMS Managed Cloud Services: Internet of Things and Cloud technologies […]

In this Research Note, we examine View Inc. (NASDAQ: VIEW), a Silicon Valley-based smart window company founded in 2006. This analysis is based on their 2021 financial results, investor presentations, M&A and their smart buildings strategy.  View, one of the most heavily funded firms in the smart buildings space, acquired unicorn status in November 2018 when it raised a $1.1 billion Series H funding round led by the SoftBank Vision Fund. More recently, the company has been undergoing some turbulence with a misstatement of its financial results to the SEC and the replacement of its CFO, last November 2021. This after going public through a SPAC in March 2021 with CF Finance Acquisition Corp. II, a Special Purpose Acquisition Company sponsored by Cantor Fitzgerald. Founded as Soladigm in Santa Rosa, Calif. and renamed View in 2012, View Smart Windows use artificial intelligence to automatically adjust in response to the sun, eliminating the need for blinds and increasing access to natural light. View is installed and […]

The Building Internet of Things (BIoT) market is evolving. Where previously, the focus of the market was to deliver the prerequisite technologies in the BIoT hardware stack, such as devices, sensors, and connectivity. Now, we are seeing a transition to more results-based and analytics-driven applications that seek to bring about certain outcomes, be that cost […]