Amazon (NASDAQ:AMZN) entered into a definitive merger agreement to acquire eero, a San Francisco, CA-based company that offers products and services for high-performing, reliable, and simple home WiFi.
The amount of the deal – whose completion is subject to customary closing conditions – was not disclosed.
Founded in 2014 by Amos Schallich, Nate Hardison, and Nick Weaver, eero uses multiple access points that work together as a system to cover a home in high-performing and reliable home WiFi. Customers can customize an eero system to meet the needs of their home—regardless of shape or size—eliminating dead zones, ensuring perfect streaming video in every room, and delivering the bandwidth all connected devices need.
With the app, customers can set up the system in a few minutes, share their network, program parental controls, and run speed tests on demand. Additionally, eero communicates with the cloud to receive instructions and updates.
Its digital security service, eero Plus, protects connected devices, privacy, and family. eero’s goal is to make WiFi so good that you’ll never think about WiFi again.
FinSMEs
16/02/2019