Intel Buys Wearables Company Basic Science

By Todd Wasserman

Intel on Tuesday announced it has purchased Basis Science, the company behind the Basis Band health tracker.

Terms of the deal were not disclosed, but TechCrunch reported earlier this month that Intel was paying around $100 million for the company. Formed in 2011, Basis has raised a total of $32.3 million. The company’s Basis fitness tracker, which sells for $199, tracks sleep, heart rate, calories and steps and syncs with iOS devices and some Android smartphones via Bluetooth.

See also: Sony Has No Plans to Use Android Wear for Its Smartwatches

Intel expressed its commitment to wearables at this year’s CES in Las Vegas. CEO Brian Krzanich …

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Source: mashable.com

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