Arlo Technologies (ARLO) announced that it has completed the acquisition of Aloe Care Health, an AI-powered medical alert and fall prevention platform that delivers improved outcomes for patients and their caregivers. “Today’s announcement highlights Arlo’s entry into an enormous, underserved market that demands innovation and new services to enable an appropriate level of care at home,” said Matthew McRae, CEO of Arlo Technologies. “We are excited to combine Aloe Care’s class-leading solutions with Arlo’s scaled, AI-driven, and privacy-first SaaS platform to maximize the impact in this critical market.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARLO:
- Arlo Technologies Updates Bylaws, Enhancing Corporate Governance Framework
- Arlo Technologies announces $50M shar repurchase program
- Arlo Technologies Earnings Call Highlights SaaS Momentum
- Arlo Technologies: Buy Rating Backed by Strong Q4 Outperformance and High-Margin Service Revenue Growth
- Midday Fly By: Paramount wins Warner bidding, Amazon to invest $5oB in OpenAI
