Smart Buildings

Strategic Partnerships are Critical to the Development of Building Performance Software Companies

Memoori has tracked a number of strategic partnerships between several of the leading players of building performance software in recent times. These are proving to be critical in the development of new software products but partnerships have not always been popular in this business so what is driving it? Our report The Market for Building Performance Software 2016 to 2020 shows that along with growth in M&A activity and major funding in new ventures; partnerships are proving crucial to the success of the evolving Building Internet of Things (BIoT) and its impact on the Building Performance Software Business. There is a need to share the development costs and ensure that products meet the needs of all the stakeholders in the decision making chain. Whilst this theme runs across all types and sizes of software companies it is a particularly strong feature in large companies. Recently, the major building controls, security, lighting and elevator manufacturers have […]

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