Eero might not be a household name, but it is one of the companies credited with sparking the rise of mesh router systems. He said that the company is committed to continuing innovation in the segment on behalf of its customers.
The Eero acquisition is also a defensive move for Amazon: The best-selling whole home / mesh Wifi router system on Amazon's online store is now being built by Google, one of the company's fiercest competitors.
Seattle-based Amazon did not say how much it is paying for Eero. You can extend the range by purchasing a $149 beacon, or pay $299 for one bundled in with the router. With Eero, it is pushing into Wi-Fi networking equipment, too. Amazon has clearly seen the potential in the hardware/software that the company has developed and wants a piece of the action. As of February 11, 2019, it's confirmed that Amazon is buying the company.
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Amazon expanded its Echo speaker with the assistant software Alexa on Board already strengthened to a Central control station for various Smart home technology, such as lamps, plug sockets or door locks.
It is the latest move by Amazon to bolster its smart home business after acquiring Ring, a maker of video-enabled doorbells and home security equipment, past year in a deal valued at $1 billion.
In the router market, Google has a competing product called Google Wifi.
"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 in a press release. A picture of the company's health isn't available, it reportedly laid off 30 staff previous year in a move that suggests it had some problems.