We're not in a hole. A lot of companies would like to be in our hole - Scott 'touch'n'feely' McNealy
INTEL HAS BOUGHT fitness tracker designer Basis Science.
The deal is part of Intel's recent focus on wearables and other Internet of Things devices. The Basis Band, which its maker claims is the most advanced health tracker in the world, will continue to be sold, and the company's present roadmap will continue, according to Intel.
"The acquisition of Basis Science provides immediate entry into the market with a leader in health tracking for wearable devices," said Mike Bell, Intel VP and GM of the 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. I'm confident that our collective resources and expertise positions us well for the future."
Intel is making inroads into the smart devices market, recently unveiling its SD-card sized Edison chip and announcing a bounty for new ideas in the field in its Make It Wearable challenge with prizes of up to $500,000 from a prize fund of $1m.
During a keynote speech at the Wearable Technology Show in London earlier in March, Intel futurist Steve Brown emphasised the firm's commitment to the Internet of Things and said that successful devices will be those that tap into what is important to people, in the same way as the wristwatch or iPod headphones.
He went on to explain, "Human beings have been putting things on their bodies for about 80,000 years - wearables aren't new - it's connected devices that are new."
Terms of the Basis Science deal were not disclosed, but Intel was said to have paid $100m. µ
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