Intel pays between $100 and $150 million for Basis, a smartwatch manufacturer

Intel pays between $100 and $150 million for Basis, a smartwatch manufacturer
Back at CES 2014, CEO Brian Krzanich announced that Intel is determined to enter the market of wearables by releasing a smartwatch and a smart bracelet later this year. Well, it seems that the company is pretty serious about this, as it just acquired Basis, a smartwatch manufacturer. Reportedly, Intel paid between $100 and $150 million.

Basis is mostly popular for the Basis B1 Health Tracker smartwatch, a health-centric wearable gadget. It comes with lots of sensors that monitor various body functions of the user, such as the heart rate, the temperature of the skin, the sweat perspiration, and even the sleep patterns. The Basis B1 Health Tracker wearable is touted as being one of the most accurate fitness-oriented wearables when it comes to collecting data.

Intel's own wearable is currently being developed and its release date is yet unknown. Still, Brian Krzanich showed a prototype of Intel's homebrewed smartwatch at CES earlier this year. Intel's wearable will have its own connectivity and users won't need to tether it to a smartphone. In addition, the upcoming smartwatch will support geofencing (location-based notifications). Intel's smartwatch will most likely borrow some features from the Basis B1.

As we already told you, rumor has it that Microsoft, Google, Apple, and Samsung were also interested in purchasing Basis.

You can read our full review of the Basis Health Tracker wearable here.

source: Wearable World News via AppleInsider

FEATURED VIDEO

0 Comments

Be the first one to post a comment

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.