Cyber Security

This Research Note examines the Building Automation business of Honeywell Technologies presented at their Investor Day on 11th June 2026.  This article updates our previous commentary on Honeywell’s automation spinoff in October 2025 and their 2025 results in February 2026. Honeywell Technologies Simplified the portfolio into a pure-play automation leader, spinning off Aerospace and Advanced […]

The independent smart building AI specialist vendor is becoming an endangered species. Our new research tracked approximately $22 billion of disclosed mergers and acquisitions value across roughly 35 transactions in the 27 months to April 2026. On the other side of the ledger, only 34 new companies entered the market across all 12 use case […]

Every year, the commercial real estate industry pours more money into connected building technology, and every year a stubborn gap persists between the ROI promised in the vendor deck and the ROI that actually shows up in net operating income (NOI). The reflex is to blame the tech: the wrong platform, the wrong integrator, the […]

This Research Note examines the launch of BuildingPro Suites, the latest offering of ABB Ability’s software for building management.  We review the unified cloud intelligence platform and the Eliona software acquired before providing our view of ABB’s strategy in digital solutions for commercial and residential buildings over the last 6 years. ABB BuildingPro Suites Launched […]

Why do so many asset managers keep building technology at arm’s length? That was the central question in this episode, and the answer turns out to be less about the technology itself and more about language, incentives, and mindset. We sat down with Lachlan Macquarrie, a former asset manager, educator of asset managers, and someone […]

What happens to your smart building ROI when there is no risk management? CRE portfolios are getting more connected, but governance isn’t keeping up. Cybersecurity gaps, unclear ownership, and missing operating models are quietly killing the returns that justified the investment in the first place. In this podcast episode, we were joined by Cecilia A. […]

This Research Note examines the strategic investment in Astrikos.ai by Gorilla Technology Group, the listed London, UK-based security convergence business.  We highlight the transaction details and strategic rationale for the investment before assessing Gorilla’s current financials and strategic expansion.  This article updates our July 2024 coverage of the company. Transaction Details In December 2025, Gorilla […]