Amazon to Acquire eero to Help Customers Better Connect Smart Home Devices

Amazon (NASDAQ:AMZN) and eero today announced that they have entered
into a definitive merger agreement under which Amazon will acquire eero.
eero’s home mesh WiFi systems set up in minutes and blanket every room
of a customer’s home in high-performing, reliable WiFi. eero is already
delighting Amazon customers with its products and services, as indicated
by eero’s 4.6-star product rating on Amazon.com.

“We are incredibly impressed with the eero team and how quickly
they invented a WiFi solution that makes connected devices just work,”
said Dave Limp, SVP of Amazon Devices and Services. “We have a shared
vision that the smart home experience can get even easier, and we’re
committed to continue innovating on behalf of customers.”

“From the beginning, eero’s mission has been to make the technology in
homes just work,” said Nick Weaver, Co-Founder and CEO of eero. “We
started with WiFi because it’s the foundation of the modern home. Every
customer deserves reliable and secure WiFi in every room. By joining the
Amazon family, we’re excited to learn from and work closely with a team
that is defining the future of the home, accelerate our mission, and
bring eero systems to more customers around the globe.”

eero uses multiple access points that work together as a system to
blanket a home in high-performing, reliable, and simple 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 easy-to-use eero app, customers can set up the system in under
10 minutes, share their network, program parental controls, and run
speed tests on demand. Additionally, eero communicates with the cloud to
receive instructions and updates. This means eero systems are
self-updating, self-fixing, and self-improving all the time.

Completion of this transaction is subject to customary closing
conditions.

About Amazon

Amazon is guided by four principles: customer obsession rather than
competitor focus, passion for invention, commitment to operational
excellence, and long-term thinking. Customer reviews, 1-Click shopping,
personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle
Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa
are some of the products and services pioneered by Amazon. For more
information, visit www.amazon.com/about
and follow @AmazonNews.

About eero

The first mesh home WiFi system, eero blankets any home in reliable and
secure WiFi. eero’s digital security service, eero Plus, protects
connected devices, privacy, and family. eero is simple to set up, even
easier to manage, and improves over time with regular, automatic
software updates. Founded in San Francisco in 2014 by Amos Schallich,
Nate Hardison, and Nick Weaver, eero’s goal is to make WiFi so good that
you’ll never think about WiFi again.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190211005750/en/