Intel’s acquisition of BASIS Science is a done deal

Intel's acquisition of BASIS Science is a done deal

Intel has completed the acquisition of privately held BASIS Science, developer of wearable device technologies for health and wellness applications. BASIS Science is also the creator of the Basis band, which captures physiological metrics such as heart rate to help people get fit, sleep better and stress less. The financial terms of the deal were not disclosed.

The acquisition of BASIS Science accelerates Intel’s wearable products focus, bringing access to new technology and expands the leadership team.We do know that BASIS Science’s technology and know-how will accelerate Intel’s wearable products focus and extend the company’s capabilities in this area. It also brings access to new technology, and further expands the leadership team with people who have a proven track record of innovation in wearable device technologies for health and fitness applications.

“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 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. I’m confident that our collective resources and expertise positions us well for the future.”

The Basis band will continue to be sold through existing retail channels. The team will continue to work on its product roadmap and serve its existing Basis band users. The team will also begin work on future wearable initiatives, working closely with the broader Intel team.