DHAKA: US chipmaker Intel has stepped up its investment in wearable technology with the acquisition of Basis Science, a firm known for its health tracking services and devices.

The start-up from San Francisco will be merged with Intel’s New Devices Group, which focuses on wearable computing and connected devices.

Intel did not disclose the value of the deal, reports the BBC.

But according to industry analysts the acquisition was worth $100m.

Basis Science is known for its health-tracking device, the Basis band, which monitors the user`s heart rate and calorie-burning, among other things.

The Basis band will continue to be sold and supported through its existing channels.
New partnership

As part of the deal, Jef Holove, chief executive at Basis will become a general manager in Intel’s New Devices Group.

‘The acquisition brings access to Intel resources, expertise and global scale as we work together to explore new possibilities of wearable technology,’ Holove said.

BDST: 1433 HRS, MAR 26, 2014