Amazon's Acquisition of Eero Solidifies Move to Smart Home Concept

For Amazon, the acquisition made sense after admiring the company from a distance.

“We are incredibly impressed with the Eero team and how quickly they invented a WiFi solution that makes connected devices just work,” said Limp.

An Eero device is able to plug into a modem and allow for user customization based on the size or shape of the home. The company feels the concept of a smart home is what will be a key driver of consumer behavior in the foreseeable future.

“From the beginning, eero’s mission has been to make the technology in homes just work,” Nick Weaver, Eero’s chief executive and one of its founders, said in a statement. “We started with WiFi because it’s the foundation of the modern home.”

For more market trends, visit ETF Trends.