Intel has completed the acquisition of a specialist in wearable technology called Basis Science as it looks to strengthen its position in this emerging area of the hardware market. Financial details of the buy were not made public.
Basis specialises in producing wearable devices that focus on health and wellbeing, such as the Basis band, a device that is worn on the wrist to capture data such as heart rate information (pictured). The buy fits with Intel’s strategy to create products for the wearables market, Intel said.
Mike Bell, Intel vice president and general manager of the company's New Devices Group, said: "The acquisition of Basis Science provides immediate entry into the market with a leader in health tracking for wearable devices.
"As we accelerate our position in wearables, we will build upon this foundation to deliver products that bring people greater utility and value. I'm confident that our collective resources and expertise positions us well for the future."
The former CEO of Basis Science and now a general manager of New Devices Group, Jef Holove, said being acquired by Intel would help the company grow further from its current position.
"Intel is a great fit for Basis products, employees and consumers. The acquisition brings access to Intel resources, expertise and global scale as we work together to explore new possibilities of wearable technology.
“Meanwhile, keeping our existing team intact ensures we can remain focused on our mission of improving the health and wellbeing of people."
Intel wlll be hoping the move ensures they are able to benefit from the growing interest in wearable devices, having missed the recent mobile revolution where it is now playing catch-up to rival ARM.
The market for wearable hardware looks set to explode with firms such as Motorola, LG and Samsung all building smartwatches. Google also revealed plans for an Android Wear operating system for wearable products.
Dust storm on Titan only the third Solar System body where such storms have been observed
New technique could enable quantum computers to scale-up to millions of qubits
Systrom and Krieger taking time off "to explore our curiosity and creativity"
Comcast's £29.7bn winning bid more than twice the £13.7bn Rupert Murdoch valued Sky at just eight years ago