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Smart Spaces Building OS & Workplace App Business Examined
January 22nd, 2025Kieback&Peter Building Automation Business & Financials Examined
January 21st, 2025
CBRE Building Operations & Experience (BOE) Business Examined
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 of the coworking market. CBRE CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Dallas, Texas is the world’s largest commercial real estate services and investment firm. A new organizational structure was announced on 14th January 2025, which will comprise 4 business segments: Advisory Services, Building Operations & Experience, Project Management, and Real Estate Investments. Building Operations & Experience Business The new business segment will consist of CBRE’s Enterprise Facilities Management, Local Facilities Management, Property Management and Industrious. This segment produced approximately $20B of combined revenue, including Industrious, in 2024 and comprises CBRE’s entire 7+ billion sq. […]
What’s Behind Yardi’s Acquisition of Hubble & Deskpass in the Coworking Sector?
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 headquartered in Santa Barbara, California, Yardi Systems Inc. is a private company offering property and facilities management software for real estate companies. With $2 billion in revenue and around 10,000 employees working in over 50 offices throughout North America, Europe, Middle East, Asia and Australia, the company is a key player in the PropTech sector. Deskpass & Hubble Acquisitions Founded in 2010, Chicago-headquartered Deskpass offers a booking platform for coworking and flexible workspace. Deskpass’ global network of partner locations enables individuals and enterprise clients to instantly book desks, meeting rooms, and private offices on demand. In February 2024, Deskpass and […]
UrbanChain Peer-to-Peer Energy Exchange Business Examined
In this Research Note, we examine UrbanChain, a Manchester, UK-based startup recently named the 3rd fastest-growing UK technology company by Deloitte. The company is positioned as a provider of peer-to-peer energy services, enabling the rollout of renewable energy in commercial and industrial facilities to happen much faster. We review the company’s growth, external funding, and potential to disrupt the market for grid-interactive commercial buildings. UrbanChain Profile Founded by CEO Somayeh Taheri and COO Mo Hajhashem in 2017, UrbanChain’s peer-to-peer energy exchange platform uses integrated smart contracts via blockchain and machine learning to match generators of renewable energy and consumers on a half-hourly basis. This results in secure energy prices and secure physical flows for energy generators. The company has created a platform that cuts out the big energy suppliers and volatile wholesale markets. UrbanChain’s marketplace includes private companies, office buildings, industrial sites, local government organizations and hospitals. The company managed +200GWh of renewable energy exchange […]
Wavelynx Mobile-First Identity & Access Control Company Examined
In this Research Note, we examine Wavelynx Technologies, a Broomfield, Colorado-based vendor providing mobile-first identity and access control solutions. We take an in-depth look at the origins of the firm, its product portfolio, ownership, growth, regional expansion, and recent partnerships. Wavelynx Origins Wavelynx Technologies was founded in 2013 by Hugo Wendling, who had co-founded XceedID Corporation, an access control credential and reader company acquired by Allegion in 2008. Product Portfolio Wavelynx operates in the access control market, designing, developing, and assembling open hardware and software, including readers, controllers, and mobile credentials. The company’s technologies are designed to enhance security measures, streamline operations, and create safer environments. These include their Ethos readers, Configure mobile credentials, and the Wallet Solution, which together offer streamlined security management, and provide a modern approach to access control. By collaborating with partners, they help clients integrate existing systems into the company’s open and secure access control platform. Notable Deployment The first use […]
Bueno Analytics Gains Traction in Crowded Energy Management Software Market
In this Research Note, we examine Bueno Analytics, an Australian startup providing building analytics software supporting decarbonization. We review the firm’s development since its founding, its software suite, key deployments, external funding, and recent growth. Bueno Analytics Profile Founded in 2013 by Leon Wurfel, Built Environment Optimisation Pty Ltd., trading as Bueno Analytics, is headquartered in Sydney, Australia. Originally part of the mechanical contracting company Airmaster Australia, Bueno became an independent privately owned company in 2017 following the acquisition of Airmaster by Daikin. Bueno’s team members were heavily involved in the creation, development, and success of the Australian Government’s NABERS rating program. Through partnerships, Bueno has supported various real estate investment trusts, shopping center owners, and retailers in achieving and exceeding their sustainability targets. Bueno Software Suite Bueno is a provider of smart building analytics and energy management solutions, with a core focus on helping businesses reduce their carbon footprints and optimize building performance. Bueno’s […]
CPower Building-to-Grid Technology Provider Examined
In this Research Note, we examine CPower Energy Management, a US provider of building-to-grid technology for commercial buildings that offers peak demand management and behind-the-meter distributed energy resource (DER) services to building owners and operators. We review their Enerwise site optimization technology and their expansion strategy since their founding. CPower Profile Founded in 2014, CPower Energy Management is a US Distributed Energy Resources (DER) monetization and Virtual Power Plant (VPP) provider. The company is based in Baltimore, Maryland, and is owned by LS Power, a development, investment, and operating company focused on the power and energy infrastructure sector. With more than 2,500 commercial and industrial customers and nearly 7 GW of capacity at 27,000 sites across the USA, CPower helps energy users conserve power when demand peaks. The company reports 202 employees on LinkedIn. ZoomInfo estimates revenues of $13.8 million. Customers include many household brand names across big box retail, data centers, commercial real estate, […]
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