CLIFTON, N.J., Aug. 16, 2018 (GLOBE NEWSWIRE) — eZLO, a global innovator and developer of smart home automation solutions, today announced the acquisition of the California-based company MiOS, a leading smart home services platform provider (PaaS) with an established history in the rapidly expanding IoT market.
The transaction further positions eZLO 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,” said 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 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,” said 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.”