March 25, 2014

Intel Bolsters its Wearables Team, Acquires Company Behind the Basis Fitness Band

Intel made it clear during its keynote at the Consumer Electronics Show (CES) this year that it's taking fitness devices seriously, and now it has announced a move to back that up. The chipmaker confirmed today that it has acquired Basis Science, the company behind the Basis fitness band. The band was first released in 2013, and an updated version came out last month. Like competition from Fitbit and Jawbone, the band collects walking data and sleep information, though it one-ups those other products with an optical sensor to record heart rate, perspiration, and body temperature. TechCrunch first reported the deal earlier this month for a rumored price of roughly $100 million. The final figure has not been announced.

The acquisition may...

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