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Wednesday, March 26, 2014
Intel Buys Basis, A Fitness Band Maker

Intel has acquired fitness-tracking band maker Basis Science as part of the company's efforts to stay into the wearable computing market.

Intel 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.

"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."

Basis bands will continue to be sold at stores.

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