Access Control
Chinese Video Surveillance Giants Report Strong Overseas Sales Growth in H1 2022
September 8th, 2022Convergint Security Systems Integration Business and Financials Examined
August 31st, 2022
SPACS: The 800-pound Gorilla in the PropTech Room
In the same week in July, two more special purpose acquisition company (SPAC) mergers in the smart building security space wrestled with this alternative IPO approach. First, Crown Proptech Acquisitions failed in their attempted merger with access control firm Brivo after the deadline passed before they were able to raise the funds required. Then, 5 […]
Halma Fire & Security Business and 2022 Financials Examined
In this Research Note, we examine the fire and security business of Halma plc and the financial results for their Safety Sector, year ending 31 March, announced on 16th June 2022. This analysis is based on financial releases, investor presentations and the 2022 Annual Report. Halma is a group of around 45 life-saving technology companies with FY2022 revenue exceeding £1.5 […]
The Growing IoT Divide in Commercial Real Estate
Major crises are like junctions in the road of our economic development. Be it a pandemic, a war, or a natural disaster, time slows down as all affected wait for the outcome of the crisis to decide which way to turn. During the early stages, the future is unknown, companies begin to reassess all their […]
Alarm.com Connected Property Business and Financials Examined
In this Research Note, we examine Alarm.com, a US provider of physical security, intelligent automation and energy management solutions for the smart home and commercial real estate. This analysis is based on their 2021 and Q1-2022 financial results, 10K Report, investor presentations, M&A and diversification strategy. Alarm.com, founded in 2000, became a public company in June 2015 on Nasdaq under […]
Delta Building Automation Business and 2021 Financials Examined
In this Research Note, we examine Delta Electronics building automation business, based on their 2021 financial results, investor presentations, growth strategy and M&A. Delta Electronics is a Taiwanese manufacturer specializing in power and thermal management solutions. The group’s 2021 consolidated sales revenues were NT$314,671 million (USD 10.66 billion), an 11% increase as compared to 2020. The group has three reportable […]
Motorola Solutions Continues Video Security Acquisition Spree in 2022
In this Research Note, we examine Motorola Solutions Video Security and Access Control business based on their Q1-2022 financial results, investor presentations and M&A. Our analysis of two recently acquired companies, Calipsa and Videotec, brings Motorola’s deal count up to eight acquisitions in this segment in less than four years. Motorola announced its Q1 results on 12 May 2022, […]
Senstar Technologies Business and 2021 Financials Examined
In this Research Note, we examine Senstar Technologies perimeter protection business, based on their 2021 20F financial report, earnings call, investor presentations, acquisitions and divestments, vertical market focus and our analysis of their market positioning. Senstar Technologies Ltd, a listed company on the US Nasdaq global market, based in Ramat Gan, Israel, is a provider of physical security hardware and software […]
Exploring M&A Trends in the Physical Security Market
The total annual value of mergers and acquisitions (M&A) in the physical security industry over the last 15 years has been very volatile. In the peak years there was always at least one major acquisition, often two, with a value of between $2 billion and $16 billion, exaggerating the contrast with low-M&A trough years. While […]
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