Intel acquires wearables company BASIS Science

Last month, word surfaced from sources that Basis Science, maker of wearables, was looking to sell itself to a big-name company, with Google, Apple, Samsung and others having been tipped. Intel, as it turns out, was the company to take it over, with it having announced the acquisition on its website today.

Basis Science is the company behind the health tracker Basis band, and as such it isn't surprising the company plans to align it with its own wearables products. The Basis band isn't going away, but henceforth Basis Science's team will work with Intel's wearables team to help bring the latter company's ambitions to fruition.

Furthermore, Basis' CEO has now been appointed to Intel's New Devices Group as General Manager. The Bass Science product roadmap will continue as scheduled, and Basis band owners will continue to have the same support and experience as previously available.

Said Intel's New Devices Group VP Mike Bell, "The acquisition of BASIS Science provides immediate entry into the market with a leader in health tracking for wearable devices. 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."