IPO
Alarm.com Connected Property Business and Financials Examined
May 31st, 2022Matterport’s Business & 2021 Financials Examined
April 27th, 2022
The State of SPACs in the Smart Building & PropTech Space
In this Research Note, we examine companies in the proptech and smart buildings space which have opted for a SPAC route to become publicly listed in 2021 and 2022 to date, based on their annual reports, investor presentations, our M&A transactions database and analysis of previous deals. SPAC acquisitions accounted for 11 completed transactions in the smart […]
Hikvision Spinning Off Smart Home & Robotics Businesses
Chinese video surveillance Giant Hikvision (Hangzhou Hikvision Digital Technology Co., Ltd.) will spin-off Smart Home business Ezviz (Hangzhou EZVIZ Network Co., Ltd.), details of which were announced in the IPO prospectus they published in December. It states that they aim to raise RMB 3.739 billion (USD 588.3 million) by listing Ezviz on the Science and […]
Access Control Technology Attracts Another Public SPAC Listing
In December 2020, Memoori posed the question “Will SPACs Offer an Alternative Exit Route for Companies in the Smart Buildings Space?”. The answer seems to be a resounding Yes! This research note highlights five of twelve SPAC (Special Purpose Acquisition Company) transactions in 2021, updating our view that this vehicle is gaining popularity as an alternative exit route. […]
Motorola Solutions Purchases Envysion, their 5th Acquisition in Video & Access Control
Motorola Solutions continues its strategy of investing in its video surveillance and analytics business with the purchase of Envysion, a US physical security provider for the retail sector, for $124 million net of cash on 2nd November. Envysion’s loss prevention offering for quick-service restaurants, convenience, and specialty stores is a cloud-based solution. It integrates video systems […]
Megvii Announces $935M IPO as China’s AI Dragons Prepare to Fly
“As a society, we have experienced three distinct industrial revolutions: steam power, electricity, and information technology. I believe artificial intelligence (AI) is the engine fueling the fourth industrial revolution globally, digitizing and automating everywhere,” says Kai-Fu Lee, chairman and CEO of Sinovation Ventures and author of ‘AI 2041: Ten Visions for Our Future’. “China is at the […]
Overview of Q1 2021 Acquisitions in the Smart Buildings Space
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. In the first quarter of 2021, Memoori recorded 58 acquisitions in the Smart Buildings space, continuing the trend in the acquisition of IoT technology to enhance the workplace experience of building occupants and to sense, control, visualize, monitor and predict a range of […]
Tishman Speyer ‘Latches’ on to the SPAC Bandwagon with Smart Locks
Every startup wants to grow and succeed, and traditionally that would take one of two routes. Either showing enough potential to be acquired by a larger firm that will run it independently or integrate it with its other business units, thereby giving the startup’s shareholders a windfall and giving the startup’s products the chance for […]
Will SPACs Offer an Alternative Exit Route for Companies in the Smart Buildings Space?
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. In 2020, an alternative to a conventional IPO – Special Purpose Acquisition Companies (SPACs) – took the innovation landscape by storm, according to Michael Holman of Lux Research. “A SPAC is an alternative to a conventional initial public offering (IPO) in which an […]
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