NETGEAR®, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative products to consumers, businesses, and service providers announced that it has acquired Placemeter, Inc., an industry leader in computer vision analytics. Placemeter’s world-class engineering talent will be integrated into NETGEAR’s Arlo Smart Home Security team, and their proprietary computer vision algorithms will be used to build leading video analytics solutions for the Arlo platform.

“Placemeter brings to NETGEAR commercially-proven, computer vision analytics that will add immense value to the Arlo platform,” said Patrick Lo, Chairman and Chief Executive Officer 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.”

Alexandre Winter, founder and chief executive officer of Placemeter, said, “Since 2012, we at Placemeter have passionately created, built, fine-tuned, optimized, and packaged our computer vision technology to transform tens of millions of hours of video into meaningful data that makes the physical world safer, smarter, and more efficient. From the beginning, our goal was to deliver our solution to as many homes, as many companies, and as many cities as possible. Today, we are thrilled to announce that we are taking a fast track towards this goal by becoming a part of NETGEAR Arlo, the worldwide market leader in smart home cameras.”

With the completion of the acquisition, Placemeter’s engineering team will be integrated into NETGEAR’s Arlo Smart Home Security business under Pat Collins, Senior Vice President of Smart Home Products.