Physical Security Industry

In this Research Note, we examine the Salto Systems business, based on their 2023 revenues, market expansion, product innovation, and a minority investment in an energy savings product for the hospitality sector. Founded in 2001 and headquartered in Oiartzun, Spain, Salto Systems is one of the market leaders in electronic locking and access control solutions […]

This Research Note examines what’s behind the Axon acquisition of Dedrone, a US counter-drone startup. We review the transaction details, explore the previous investment and partnership leading up to the takeover, and highlight Axon’s strategic rationale to invest in robotic security technology. Axon Business Profile Axon Enterprise Inc, formerly TASER International is a US-listed public […]

In this Research Note, we examine Evolv Technology, a US public company providing AI-based weapons detection for security screening. This article covers the firm’s 2023 financial results, partners, vertical market approach, and US government investigations. It is based on Evolv’s Q4 Earnings Release, Presentation, 2023 10K Report, filed on 29th February 2024 and our analysis. […]

In this Research Note, we examine Allegion plc, a pure-play provider of security and access solutions. Our analysis is based on their 2023 annual results, presentation, earnings call and 10K Report. We highlight growth in electronic security products, software and corporate venture capital investments in 2023. Note that we reviewed Allegion’s May 2023 Investor Day […]

Physical security information management (PSIM) has experienced a severely elongated hype-cycle since its first emergence in the mid-2000s, never really able to live up to the huge potential it promised. However, a flurry of activity this month has reinvigorated the discussion around the ambitious security approach. In this research note, we chart the history and […]

This Research Note reviews physical security acquisitions in the commercial smart buildings space over the last 12 months. We highlight significant M&A transactions in video surveillance, access control, electronic locking, alarm monitoring, fire detection & suppression, and life safety systems. 3 major transactions in the physical security sector were completed in 2023 – Carrier divested […]

Indoor mapping and location analytics or real-time location systems (RTLS) are a set of technologies that enable the location of people and objects within buildings using a range of indoor positioning technologies. While designed for a variety of applications, including visitor or meeting room wayfinding and maintenance support, the technology’s various safety and security features […]