Archives
Honeywell Strategy Update: Building Automation Business Acquires Carrier’s Global Access Solutions
December 11th, 2023The Multifactor Future of Access Control Authentication
December 8th, 2023
AI + Memoori = AIM!
Here is the recording and presentation from our live stream, discussing AIM, an artificial intelligence chatbot service we have developed to simplify the way our clients access & engage with smart building market analysis. We walk through how AIM was Developed, potential use cases & why we think it is a tool that will dramatically […]
Paxton Access Control Business & Financials Examined
In this Research Note, we examine Paxton Access, the UK-based private company manufacturing electronic IP access control and video door entry solutions. This analysis is based on 2022 company accounts, press releases and the latest Memoori market forecasts. Founded in 1985, with headquarters in Brighton, UK, the company reports over 430 employees in 12 countries. Paxton exports to over 60 countries worldwide and secures over 30,000 buildings annually. Their products are designed for a wide variety of sectors including education, healthcare, retail, leisure, commercial, and the public sector. The group has secured buildings around the world, with clients such as Manchester United, graze, Michelin, Sky Deutschland and Foyles among their customers. Paxton Access Financials In 2022, Paxton Group reported a turnover of GBP £61.96 million, a growth of 9.7% compared to the previous year, according to 2022 company accounts, filed on 2nd October 2023. In 2021, the group reported a turnover of GBP £56.46 million, […]
#Podcast 25: Making Sustainability a Habit!
In our Podcast series “Sh*t You Wish Your Building Did!”, Memoori explores the intersection between technology and commercial real estate through interesting conversations. In Episode #25 of our Podcast, In this Era of ESG Reporting and Focus on Climate Change, how can Organisations Change their Culture to make Sustainability a Habit? Prabhu Ramachandran, CEO of Facilio […]
essensys Flexible Workspace Tech Business & 2023 Financials Examined
In this Research Note, we examine the flexible workspace technology business of essensys, based on their full-year results, announced on 2nd November 2023 and Annual Report, year ending 31st July 2023. This article highlights their latest financial performance, restructuring of global operations and strategy, updating our 2022 Examined report. Listed on the AIM market of the London Stock Exchange since 2019, essensys provides software and technology which are the foundation from which large landlords and flexible workspace providers can deliver connected, in-building and cross-portfolio digital experiences. essensys software delivers a suite of capabilities for real estate operators to run flexible workspaces ranging from the provision of digital infrastructure, through space management and space operations to occupier experience. An access control hardware and software solution designed for hybrid and flexible real‑estate is soon to be launched. essensys Financials essensys Presentation, 2nd November 2023 Total group revenues increased 9% to £25.3 million, driven by new site activity, […]
Beyond the Hype: Assessing What We Know About the PassiveLogic Ecosystem, So Far
Many startups set out hoping to change the game, to put a “dent in the universe” but the reality is that few get close. The odds of “success” if you are funded by a top VC are something like 0.05%. Even “success” doesn’t mean you change the game. Salt Lake City-based startup PassiveLogic is being touted as a potential game changer in building automation and are backed by some tech heavyweights like NVIDIA. In this research note, we explore their new ecosystem, and consider its potential impact on the real estate sector, based on an email interview with their CEO and November product launch. Last month PassiveLogic announced the launch of an ecosystem of hardware and software tools, which it claims will “democratize the future of AI and enable generative autonomy for the public”. The launch video was straight out of the Apple marketing playbook, with a broad all-encompassing vision, pushing the right buttons regarding […]
What is the Key to Rapid Evolution in Access Control Technologies?
Until the late 20th century, people primarily relied on lock-and-key systems to control access in buildings. In the last 40 years, however, we have been introduced with new access control technologies that promise improved security and a range of features that elevate the occupant experience. From various versions of card and fob technology to QR and barcodes, to smartphones and biometrics —each new solution presents unique advantages and disadvantages that have led to their adoption in different access control scenarios. In the 1980s, magnetic stripe cards represented a significant leap over traditional lock-and-key systems in terms of user rights management and traceability. This low-cost, user-friendly technology quickly gained traction, especially for budget-sensitive installations and legacy systems. However, its limited data storage capacity soon became obvious, especially when contrasted with emerging modern alternatives such as smart cards. “While mag-stripe cards still find some application in existing legacy systems, they are on a clear path to obsolescence […]
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