After Pebble, Fitbit has acquired another smartwatch maker, Europe-based Vector Watch, VentureBeat is reporting. Terms of the deal — including the transaction value — were not disclosed. We do know that Vector Watch has raised around $12 million in VC funding, so that could be some sort of an indicator. Or not, since smartwatch market is in decline, Fitbit may've paid less than what VCs have invested in Vector.
Anyhow, Vector Watch launched a year ago with 12 smartwatch models across Performance, Contemporary, and Classic styles, each promising a battery life of 30 days. Headquartered in London, with a core development hub in Romania, the company's products offer activity tracking, notifications and quick access to information from such sources as The Economist, ESPN, and BBC World News. These third-party apps were all built in-house, though.
In announcing the news, Vector said that it will continue to sell its devices, but we are guessing that won't last forever and when current stock runs out — we doubt we'll see any new Vector-branded watch hitting the market.
We are eager to see the first real Fitbit smartwatch, since the Blaze is hardly smart. That being said, it will be interesting to see what Fitbit will do with the two platforms, one from Pebble and the other from Vector Watch.
We'll be WATCHing this space and get back to you as soon as we hear something new. Stay tuned in the meantime, k?