Intel steps up wearable focus with Basis acquisition

Chipmaker Intel is pushing on with its focus on wearable devices with the acquisition of Basis Science, a specialist in wearable device technologies for health and wellness applications. Financial terms of the deal were not disclosed.

In January this year, Intel showcased designs for wearable devices at the CES consumer trade show in Las Vegas. At the time, CEO Brian Krzanich said the firm is actively pursuing initiatives aimed at accelerating innovation in wearable devices.

Intel said its acquisition of Basis Science accelerates its wearable products focus, brings access to new technology to the firm and further expands the leadership team with people who have a proven track record of innovation in wearables.

The company added that it intends to create wearable reference devices, systems on chips (SoCs) and other platforms to be used by customers developing wearable products.

“The acquisition of Basis Science provides immediate entry into the market with a leader in health tracking for wearable devices,” said Mike Bell, Intel vice president and 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.”

Jef Holove, former Basis Science CEO is now also a general manager in Intel’s New Devices Group. The firm’s healthcare product, the Basis band, will continue to be sold through its existing retail channels.

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