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charlesarthur : moov   1

Fitbit and Intel circle for Moov buyout • Wareable
James Stables:
<p>Our source revealed that Moov has been talking to Intel's partnership team about a possible buyout, which would see Intel add Moov's algorithm to its tech.

"They have had half a dozen calls and two meetings," our source said. "Conversations have been around adding Moov to their Curie offering due to the algorithms that Intel simply cannot duplicate."

Recounting a conversation with Intel's partnerships exec, Intel has become interested in an acquisition after it "missed with their wearable devices in the past with companies such as Basis." Our source said that Intel believes that buying Moov "allows them to offer more through their licensing arm of the company."

Of course, Intel is only one half of the story. We'd be surprised if Fitbit wasn't looking to buy Moov to add to its fitness proposition, yet our source had less detail on this particular aspect of the buyout. "With Fitbit, these rumours popped up in the past five weeks. All have been based around their wellness and initiative."

The company has already been busy snapping up companies for the Fitbit smartwatch project, namely smartwatch starter Pebble and luxury-wannabe Vector. But would Moov be part of that too?

"That's what the Moov guys initially thought," said our source. "But the algorithm wouldn't work in the watch. As you know one must wear Moov on their ankles sometimes."</p>


I get the feeling the writer is putting too much on the one source, who knows about Intel but not Fitbit, which is struggling to incorporate its recent acquisitions. Adding Moov too feels like an overreach which it isn't even considering.
fitbit  moov  intel  wearable 
june 2017 by charlesarthur

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