Amazon Digs Deeper Into Smart Home With Its Latest Acquisition

Amazon Digs Deeper Into Smart Home With Its Latest Acquisition

Right when Apple has chose to get out of the router business, one of its biggest competitors is ready to jump in.

Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices. Its mesh networks promise to eliminate dead spots and offer blazing-fast speeds from the basement to the attic.

Eero isn't officially retailed in Australia and the only way to get it is via either a reseller or a re-shipper so we're not expecting this to have a huge impact on Australian customers right now.

After being founded in 2014, Eero became one of the first companies to specialize in mesh router setups. Alas, it looks like Amazon was more keen to the idea.

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Amazon said it will acquire Eero and its technology because it is "incredibly impressed with the Eero team and how quickly they invented a Wi-Fi solution that makes connected devices just work".

It's undisclosed how much Amazon is paying for Eero, but for what it's worth, the company paid $1 billion for Ring past year.

The deal strengthens Amazon in the smart home arena, an area Amazon has been very focused on in recent years. Ring had raised $209 million prior to the acquisition, according to Crunchbase. The e-commerce giant acquired smart doorbell company Ring a year ago for $1 billion, and has struck alliances with consumer electronics companies to bring its Alexa smart assistant to a wide range of kitchen appliances and other devices. The merger will see Eero continue to operate its brand independently and expand globally.

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