price of around $100 million To Intel
Intel has won the Foundation public sale, we’re hearing, at a value of round $100 million, in line with one source. A second supply pegs the deal at nearer to $a hundred and fifty million.
Basis makes wristwatch health trackers, capturing 7 percent of the market versus competitor Jawbone’s 21 percent. As Intel was all about the wearables this year at CES, we’re assuming that this buy is an attempt to further its foothold (wristhold?) in the space.
Intel made a lot of noise with its own reference designs at the conference, including a Siri-like Bluetooth headset named Jarvis and a smart chip it dubbed Edison, which has myriad applied uses, including smart baby clothing and even smart mugs.
Intel likely doesn’t have aspirations to compete in the consumer electronic marketplace; the company wants to sell chipset platforms. But by acquiring Basis, it gains access to a team that has built one of the most powerful and comprehensive wearables to date, which it then can set upon its own designs.
Intel is playing catch-up to rivals such as Qualcomm, Texas Instruments and STMicroelectronics, which are currently providing the bulk of the sensors for wearables. Intel not only needs to sell brands on buying Intel’s wearable platforms, but provide complete solutions in order to jumpstart adoption. With its robust online suite, Basis provides a solid foundation for that complete package.
We had heard that Basis had been talking to Google and others about an acquisition, at a price that was less than $100 million. Perhaps Intel outbid them all? Or a couple of suitors passed?
Basis is funded by Norwest Enterprise Companions, Mayfield Fund and Intel Capital, with over $30 million invested within the company. The Intel Capital connection is very interesting contemplating the company’s new ownership.
Don’t forget to leave your feedback under and observe us on Twitter or grow to be our Facebook fan for all the most recent updates! You may at all times LIKE to +1 this practice ROM to let others know!
http://indomp3.asia
Tidak ada komentar:
Posting Komentar