Hellman & Friedman-backed Verisure to acquire European commercial operations of Arlo Technologies.

Hellman & Friedman-backed Verisure, a security company, agreed to acquire European commercial operations of Arlo Technologies, a home automation company, which makes wireless security cameras, for $50m. "Arlo and Verisure share the same singular mission to provide their customers with peace of mind through connected security products and services that protect what matters most. Today’s agreement enables each brand to further accelerate their growth and innovation streams to deliver smart security solutions across residential and commercial markets, leveraging Arlo’s industry-leading cloud platform and services that deliver more than 120m video events a day," Matthew McRae, Arlo Technologies CEO.