Intel buys fitness-tracking band maker Basis (Update)

Mar 25, 2014
Intel logo is seen outside of the California-based chip maker's headquarters, in Santa Clara, on January 16, 2014

Intel announced it has bought fitness-tracking band maker Basis Science as part of a move into the hot wearable computing market.

The California-based chip maker on Tuesday did not disclose how much it paid for Basis, which makes a strap-on wrist band that captures data such as heart rate, activity, and sleep to help people live healthier.

Information is synched wirelessly with applications on smartphones.

Wearable computing has been a hot trend thanks to inexpensive sensors that can be built into formerly dump items and to increasingly powerful smartphones that can be used to analyze data collected.

Health and fitness have been early markets for lifestyle-tracking devices such as Up and Fitbit.

"The acquisition of Basis Science provides immediate entry into the market with a leader in health tracking for wearable devices," said Intel vice president Mike Bell, general manager of the company's New Devices Group.

"As we accelerate our position in wearables, we will build upon this foundation to deliver products that bring people greater utility and value."

Buying Basis speeds up Intel's move into wearable computing, according to the chip maker. Basis bands will continue to be sold at stores.

"The acquisition brings access to Intel resources, expertise and global scale as we work together to explore new possibilities of wearable technology," said former Basis chief executive Jef Holove, now a New Devices Group general manager.

Explore further: Tesla shares jump on Musk 'tease' in tweet

Related Stories

Wearable tech makers look to push boundaries

Mar 12, 2014

Will your clothes and accessories change how you live your daily life? Wearable devices like smart watches, glasses and activity monitors were a big topic of conversation at South By Southwest Interactive this week - specifically ...

Intel prepared for shifts in computing, new CEO says

Sep 11, 2013

Discounting critics who contend it is mired in the slowing personal-computer market, microchip giant Intel Corp. assured a gathering of industry experts Tuesday that it is well-positioned to profit from the fast-changing ...

Recommended for you

Tesla shares jump on Musk 'tease' in tweet

1 hour ago

Tesla Motors shares jumped Monday after co-founder Elon Musk tweeted that the company would unveil as "major" new product line next month, leaving analysts guessing.

Amazon unveils move in local services

7 hours ago

US online giant Amazon said Monday it was launching a services marketplace offering to connect consumers with businesses offering anything from home improvement to piano lessons.

Intel in talks with Altera on tie-up

Mar 27, 2015

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.