eZLO, an OEM developer of smart home automation solutions, has announced the acquisition of MiOS, a California-based provider of smart home services platform under the Vera brand. Terms were not disclosed.
The transaction positions eZLO, which was founded in 2014, to offer increased accessibility in the smart home automation market with cost-effective and easily adaptable solutions that greatly accelerate time to market for OEMs and B2Bs across a range of verticals.
“The high cost of software development is a deterrent for many looking to incorporate smart technologies into their products,” says Chief Executive Officer of eZLO, Mark Samuel. “We are excited about the impact that eZLO and MiOS together can have on the market.
“By combining MiOS’ technology with our innovative four-pillar software platform, we’ll be able to expand the smart home ecosystem beyond its traditional definition and create a unique, turnkey solution for companies looking to quickly scale to market with new smart home capabilities for their products and services.”
MiOS and Vera Keep Branding
MiOS and its Vera branded consumer line of products will continue to operate under existing brands as part of the eZLO Innovation family, and eZLO plans to invest further in the products and platforms currently under development.
Additionally, MiOS brings to eZLO an impressive sales channel with a global customer base ranging from innovative start-ups to Fortune 500 companies; support and sales contacts for these existing MiOS customers will remain the same.
“We are excited to become a part of eZLO as we believe this combination will further enable us to accelerate our innovation pipeline to drive the smart automation market landscape into the future,” says Lew Brown, MiOS chief executive officer.
“MiOS has a long-standing and respected reputation in the B2B environment and we look forward to applying our assets to the innovative efforts we’ve seen from eZLO and their ecosystem.”
Back in 2016, Nortek acquired 25 percent of MiOS, which has powered high-volume solutions from BeHome247 (vacation rentals), Orange (European telecom), Nannotech (eldercare), ECHO Labs (energy management) and others, including MiOS’s own Vera home-automation system.
Also, MiOS partnered with Intel, Amazon and other smart-home providers to create the Tiny Smart Home powered by MiOS at CES 2017.
eZLO’s global headquarters is in Clifton, New Jersey, with international offices in the Philippines and Ukraine.
Founded in 2008, MiOS develops and distributes smart home control and monitoring solutions spanning self-monitored and professionally monitored security, energy management, rental property management, aging in place and more.
Now in its eighth-generation user interface, the MiOS platform enables customers to remotely control, monitor and automate their households and businesses.