Originally posted on TechCrunch:
Intel has just announced its acquisition of Basis Science, the hot wearable technology company based in San Francisco. As TechCrunch first reported , the startup went to the chip maker for around $100m. The startup will be part of Intel’s new devices group.
As today’s announcement stresses, this move accelerates Intel’s move into the wearable space. At the company’s CES press conference, Intel unveiled a wide-range of devices and ambitions. Acquiring Basis puts this dream of embedded chips closer to reality.
The Basis band will continue to be sold and supported.
The Basis team will join Intel’s new device’s group. Founded in May of 2013, this is the division within Intel that focuses on wearable computing and connected devices. Apparently Basis is happy with the arrangement.
Basis notes on its company’s blog that the its momentum would be amplified by Intel’s “technical, manufacturing, global reach and support resources”.
“The acquisition of…
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