Security Software Company Arlo Acquires Aloe Care Health

SAN JOSE, California—Arlo Technologies, Inc., a provider of smart security services, announced it has acquired Aloe Care Health, an AI-powered medical alert and fall prevention platform. With 87% of adults over 65 looking to stay in their current home and 90% of U.S. homes not “aging ready” according to the U.S. Department of Health and Human Services, the company said the move accelerates Arlo’s AI-powered services for aging-in-place care in collaboration with health care providers, patients and their families.

“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 … platform to maximize the impact in this critical market.”

“Older adults and their caregivers are embracing technology to support aging in place, and demand for smarter solutions is accelerating rapidly,” said Evan Schwartz, CEO and cofounder of Aloe Care Health. “We are thrilled to be joining Arlo to further innovate on the aging-in-place experience, delivering proactive services driven by data and leveraging the capabilities of Arlo’s robust AI-powered SaaS platform to address the global smart home healthcare market that is expected to grow to $285 billion by 20342.”