H L Data Storage Store Banner 970x90
Breaking News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series Leica announces The APO-SUMMICRON-M 35 f/2 ASPH GIGABYTE Launches Radeon RX 6700 XT series graphics cards Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Google to Buy Fossil's Smartwatch Technology For $40 Million

Google to Buy Fossil's Smartwatch Technology For $40 Million

Gadgets Jan 17,2019 0

Fossil Group announced plans to sell to Google for $40 million intellectual property (IP) related to a smartwatch technology currently under development by Fossil Group.

As part of the transaction, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP will join Google. Fossil Group retains more than 200 R&D team members to focus on innovation and product development.

Fossil has successfully developed and launched smartwatches across 14 of its owned and licensed brands.

“Fossil Group has experienced significant success in its wearables business by focusing on product design and development informed by our strong understanding of consumers’ needs and style preferences,” said Greg McKelvey, Executive Vice President and Chief Strategy and Digital Officer, Fossil Group.

“We’ve built and advanced a technology that has the potential to improve upon our existing platform of smartwatches. Together with Google, our innovation partner, we’ll continue to unlock growth in wearables.”

“Wearables, built for wellness, simplicity, personalization and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance. The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer,” said Stacey Burr, Vice President of Product Management, Wear OS by Google.

The transaction is expected to close this month.

For Google, this could be a big chance for it to turn WearOS around and truly try to compete with the Apple Watch.

All of Fossil's digital-faced smartwatches run on Google's Wear OS, so the two companies have already worked together for quite some time. But Fossil is one of many companies to develop "hybrid" smartwatches, most of which have analog faces.

With the acquisition, it is possible that Google wants to look into the "hybrid" side of smartwatches.

Fossil also acquired wearable company Misfit back in 2015. Misfit smartwatches and trackers used side buttons to control smartwatch functions, like taking a photo with the phone's camera or pausing music playback.

Tags: fossilGoogleWear OSwearablessmartwatches
Previous Post
Denon Takes on Pioneer With New Four-channel Standalone Prime 4 DJ System
Next Post
Square Introduces Debit Card

Related Posts

  • Intel, Google Cloud Aim to Advance 5G Networks, Edge Innovations

  • Premium Comes Standard with Galaxy Chromebook 2 – World’s First QLED Chromebook

  • Qualcomm and Google Announce Collaboration to Extend Android OS Support and Simplify Upgrades

  • Google unveils new Pixel 4a 5G and Pixel 5 smartphones

  • Chromecast with Google TV Announced

  • Google to Start Reopening Offices

  • Realme India Announces Smartwatch and TVs

  • Electrocardiogram Monitoring Cleared for Galaxy Watch Active2 by South Korea

H L Data Storage Store Banner 300x600

Latest News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound
Smartphones

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series
GPUs

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH
Cameras

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH

GIGABYTE Launches Radeon RX 6700 XT series graphics cards
GPUs

GIGABYTE Launches Radeon RX 6700 XT series graphics cards

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments
Smartphones

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed