Feb 13, 2019

Amazon to acquire smart home startup Eero

Andrew Woods
2 min
Amazon to acquire Eero
Over the past four years, ‘etailer’ giant Amazon has pursued a series of acquisitions aimed at rounding out and improving the company’s...

Over the past four years, ‘etailer’ giant Amazon has pursued a series of acquisitions aimed at rounding out and improving the company’s smart home hardware offerings. According to a report by Nielsen, approximately 25% of American households own a smart speaker, with 40% owning multiple devices.

Amazon has been preparing for (and bringing about) this market evolution for some time. In 2015, a year after the release of Amazon Echo, the company bought chip manufacturer Annapurna Labs, following up the purchase by acquiring Blink (an IoT company specializing in smart doorbells) in 2017, and spending $1.1bn on Ring (a smart home startup) in 2018, according to a report by Wired.

Continuing its string of smart home company acquisitions, Amazon announced this week it had entered into an agreement to buy Eero. The San Francisco-based startup specializes in using proprietary Home Mesh wifi system to create complete, high-speed wifi networks throughout a household.

“We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work,” said Dave Limp, SVP of Amazon Devices and Services. “We have a shared vision that the smart home experience can get even easier, and we’re committed to continue innovating on behalf of customers.”

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Eero’s devices’ ability to ensure connectivity throughout the home will go a long way towards rounding out Amazon’s smart home strategy. “Eero is definitely a part of the overall portfolio play that Amazon is making with the smart home,” Mark Hung, a vice president at research firm Gartner told Wired. “It started out with Echo speaker, and then they bought Ring. Eero serves as the networking backbone.”

“From the beginning, eero’s mission has been to make the technology in homes just work,” said Nick Weaver, Co-Founder and CEO of eero. “We started with WiFi because it’s the foundation of the modern home. Every customer deserves reliable and secure WiFi in every room. By joining the Amazon family, we’re excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring eero systems to more customers around the globe.”

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Jun 21, 2021

Airswift Competentia merger spurs global digital recruitment

Airswift
Competentia
Digital
Recruitment
Dominic Ellis
3 min
Merger of Airswift and Competentia blends digital and people-based solutions for clients globally

Airswift and recruiting and workforce management specialist Competentia have merged to form one of the world’s foremost workforce solutions providers serving the energy, process, infrastructure, mining and technology industries.

The combined entity, which retains the Airswift name, will offer clients enhanced global access, particularly in the Americas, Asia Pacific, Europe and Africa. Competentia recently opened an office in Texas, complementing Calgary, Anchorage and Houston in the region. 

Airswift chief executive, Janette Marx, will be CEO of the merged entity and Competentia Group CEO, Jayden Wallis, will play a key role on the executive team as Chief Marketing Officer and SVP of ASPAC. Kyle McClure will become CFO of the combined company.

Marx said there had been a long been mutual admiration between both companies, which share a mutual ambition to become the workforce solutions provider of choice for clients, candidates and contractors in the energy and technology industries. 

“In a rapidly digitizing, post-pandemic environment, companies across the world’s technical sectors must quickly respond to new ways of working to achieve sustainable, long-term growth," she said. "We believe that our combined size and experience, and our firm focus on the energy transition, perfectly positions us to help clients respond to the complex workforce challenges of the future. Through digital and people-based solutions, we will ultimately shape the technical sectors of tomorrow.”

As a result of the merger, mid-market and blue-chip companies alike gain access to an even broader range of truly integrated services. Talent acquisition, professional search, international contractor management, global employment outsourcing, consultancy and payroll management are just a few of the workforce solutions on offer.

Wallis added: “We see this as an opportunity to create the world’s most forward-thinking workforce solutions provider.

“We also believe we have a key, supporting role to play in enabling the energy transition, not only in the industries we serve, but through responsible business operations, business models, investment in technology and innovation, and collaboration with our peers. Our combined strength and shared ambition mean we’re even better placed to deliver on that.”

Ian Langley, Airswift’s Chairman, said: “It was obvious from our opening call that a potential merger had great merit. Not only did our combination make perfect commercial sense, but we found that our organizations had similar cultures and aspirations, and we quickly discovered a unique alignment.”

Airswift and Competentia’s private equity backers, Wellspring Capital and Reiten & Company respectively, are retaining their stakes in the merged entity and will continue to be actively involved with the business. Airswift has also issued a bond on the Norwegian bond market to ensure maximum flexibility and access to alternative funding in the future.

Matthew Harrison, Managing Partner at Wellspring Capital, said: “Airswift and Competentia share the same foundational values and are guided by both delivering excellence to their clients and creating a great employee experience. Together they can do this even better, and I look forward to seeing the new merged company do great things.”

Bård Ingerø, Managing Partner at Reiten & Co concludes: “These are two companies with such similar cultures and successful track records, which we believe will fit together seamlessly to offer the market the greatest possible breadth, depth and quality of services, wherever clients may operate.”

Patrick Tame, CEO of Beringer Tame, says only agile and digitally savvy businesses have survived the storm from the pandemic, and will continue to do.

“The battle to keep ahead in an environment of rapid technological, market and consumer behaviour changes has caused businesses to rush to hire digital talent that has enabled them to shift the way they operate," he writes

"When there are skill shortages in a particular sector - such as the digital market - hiring the best, before the competition, can make a real difference when it comes down to overall business success. So the businesses that are privy to a team of consultants who boast priceless depth of industry knowledge and mastery are guaranteed to have a competitive edge."

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