This Transaction Combines Arlo’s Products and Cloud Services Platform and Go-To-Market Channels With Verisure’s Professionally Monitored Security Solutions in Europe. It Also Includes a Supply Partnership for Arlo Cameras With Intelligent Cloud Services.
Arlo Technologies, Inc., the #1 internet connected camera brand1, and Verisure Sàrl, the leading provider of monitored security solutions in Europe, announced that they have successfully closed the previously announced definitive agreements to create a strategic partnership to create the first European multi-channel go-to-market strategy for consumer security and surveillance services by adding Arlo’s retail and e-commerce channels to Verisure’s existing direct sales channels. This transaction involves the acquisition by Verisure of Arlo’s European commercial operations, which will enable Verisure to accelerate adoption of security and surveillance services across Europe, as well as bolster Arlo’s position as the industry leader in smart home security solutions. It also includes a supply partnership for Arlo cameras with intelligent cloud services.
With a common vision and commitment to delivering peace of mind for customers through a wide range of connected security and surveillance products and services, the partnership will leverage both companies’ deep expertise and demonstrated success to protect and serve millions of customers.
As part of the transaction Verisure now assumes full ownership of Arlo’s European commercial operations, including sales, marketing and customer care. Arlo users will continue to enjoy the same user experience through the Arlo app and services such as Arlo Smart, and all backend services including cloud recordings will continue to be managed and operated by Arlo Technologies.
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