NETGEAR (NASDAQ:NTGR) has acquired Placemeter, a provider of computer vision analytics. Placemeter's engineering team will be integrated into NETGEAR's Arlo Smart Home Security team, and their proprietary computer vision algorithms will be used to build video analytics solutions for the company's smart home platform.
"Placemeter brings to NETGEAR commercially proven, computer vision analytics that will add immense value to the Arlo platform," said Patrick Lo, chairman and CEO of NETGEAR. "As the leading player in the IP camera market, we are dedicated to providing a best-in-class solution and experience to our Arlo customers, and believe that Placemeter's engineering talent and assets will be instrumental in helping us achieve this goal."