Arlo Acquires Aloe Care Health, Expanding Arlo SaaS Platform to Support Aging in Place and Wellness Care

Arlo Technologies, Inc. (NYSE: ARLO), a leading provider of smart security services, announced today that it has completed the acquisition of Aloe Care Health, a leading AI-powered medical alert and fall prevention platform that delivers improved outcomes for patients and their caregivers. 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 acquisition of Aloe Care Health accelerates Arlo’s AI-powered services for aging-in-place care in collaboration with healthcare providers, patients and their families.

Growing nearly five times faster than the total population, adults 65 and older represent 1 in 6 Americans, with other countries globally experiencing a similar trend1. The addition of Aloe Care Health accelerates Arlo’s expansion of its award-winning portfolio of smart home security solutions to address this fastest-growing segment of the population. With Aloe Care’s portfolio of unique, patented hardware, advanced ambient sensing technology, AI-driven fall prevention, family caregiving app, and wellness services, coupled with advanced emergency response and smart call triage routing, patients will enjoy faster, easier coordination of care that delivers better health outcomes with lower costs driven by a reduction in hospitalizations.

“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.”

"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 Co-Founder 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 2034."

For more information on the full range of Arlo’s portfolio of smart home solutions, visit www.arlo.com.