fossil buys misfit in push for connected wearables
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Fossil buys Misfit in push for connected wearables

Arab Today, arab today

Arab Today, arab today Fossil buys Misfit in push for connected wearables

Misfit's Shine physical activity monitor
Washington - AFP

US watchmaking group Fossil is acquiring the wearable tech firm Misfit for $260 million as it ramps up efforts for connected watches and other gadgets.

The deal announced late Thursday gives Fossil, which sells in some 150 counties, a tech platform created by former Microsoft researcher Sonny Vu and onetime Apple chief executive John Sculley.

"We have a significant opportunity to add technology and connectivity across our platform of watches and accessories," said Kosta Kartsotis, chief executive of Fossil Group.

"With the acquisition of Misfit, Fossil Group will be uniquely positioned to lead the convergence of style and technology and to become the fashion gateway to the high-growth wearable technology and connected device markets."

The news comes amid a rush into wearables led by Apple, Samsung and other tech companies seeking to get in on the new lifestyle trend.

The move will allow Fossil to "own a technology platform that has already solved many of the hardest problems in wearables, including battery life," according to a statement by the two firms.

It will enable Fossil to create a line of smartwatches, fitness trackers and other wearables. Vu will become president and chief technology officer of connected devices for Fossil Group upon completion of the deal.

"We fundamentally believe consumers care about both technical functionality and fashionable design. In fact, one without the other is simply not enough," said Greg McKelvey, chief strategy and digital officer of Fossil.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fossil buys misfit in push for connected wearables fossil buys misfit in push for connected wearables

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fossil buys misfit in push for connected wearables fossil buys misfit in push for connected wearables

 



GMT 07:48 2017 Thursday ,16 March

Ashrawi calls for immediate uncinditional

GMT 10:18 2017 Thursday ,28 September

Westwood aims to topple big names at British Masters

GMT 23:13 2017 Tuesday ,14 November

Australians vote in favour of gay marriage

GMT 23:49 2016 Saturday ,30 April

April 20 - May 20

GMT 02:47 2017 Tuesday ,11 July

Deported saudi blogger faces blasphemy charge

GMT 05:34 2017 Tuesday ,10 October

Frankfurt stock market squares off against London

GMT 22:10 2017 Friday ,31 March

April 20 - May 20

GMT 20:54 2016 Monday ,21 November

Sarkozy Admits Defeat in French Presidential Race
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday