Pebble Is Over; FitBit To Acquire Developers
Earlier this week, there were reports that FitBit was in the process of acquiring star startup, Pebbles, which pioneered the technology of wrist-based notifications - before Apple and others followed. The startup has just confirmed that the deal is final. CEO Eric Migicovsky revealed what the acquisition entails or the smaller company and what will happen to its startups.
"We have made the tough decision to shut down the company and no longer manufacture Pebble devices," Tech Crunch quotes him saying. "While dissolving Pebble as you know today is difficult, I am happy to announce that many members of Team Pebble will be joining the Fitbit family to continue their work on wearable software platforms."
The publication also mentions that it has been rumored that the purchase of Pebble cost FitBit something between US$34 million to US$40 million. Reportedly, the startup accepted the deal because of its debts, which the price did not cover completely. However, the LA Times reports that no clear reason was provided to the public in terms of why Pebble accepted the offer. The company did not readily respond to requests for comment on this.
On the other hand, FitBit has chosen not to disclose the details of the deal. As a spokeswoman of the company wrote to the publication, "the acquisition is not material to FitBit's financials." What the larger company will get, however, are vital personnel and intellectual property related to all software and firmware that has been developed by Pebble.
Oculus Rift Touch Review: Controller Puts The Wearable Back In The VR Game
As one of the earlier VR releases this year, the Oculus Rift saw its competitors win over more of the public than it did itself. However, its new Touch controllers shine the spotlight back on the older favorite.
Samsung Gear VR vs. Google Daydream: Review Of The Best Portable VR Platforms
The Samsung Gear VR and the Google Daydream are two of the leaders in mobile virtual reality gaming. Both come with their own set of benefits and limitations.
Apple Watch Series 2 vs Fitbit Project Higgs: This Is The Best Fitness Smartwatch
The Apple Watch Series 2 is the current ruling wearable while Fitbit Project Higgs is the upcoming device from the smartwatch stalwart.
Fitbit Charge 2 In-depth Review On Specs, Effectiveness And Price
Introducing the FitBit Charge 2, a smartwatch that is capable of tracking daily activities for everyone's convenience. Unlike the Apple watch, it is compatible with both iPhone and Android Phones.
Apple Watch Gains Traction, Sees Success As FitBit Flounders
In a general sense, the smartwatch and fitness tracker industry might be declining, but Apple is on its way to prove this wrong. The company just reported it biggest quarter growth for the wearable.
MORE IN ITECHPOST
These Are 5 of the Most Wanted IT Jobs in 2020
These are the most wanted IT jobs in 2020, considering different factors such as: education, salary and job outlook.
How Do Personal Emergency Response Systems Work?
Personal emergency response systems, known as PERS for short, are systems that help people to raise the alarm and get immediate help when a medical or personal emergency occurs. They are ideal for older people and anyone with a mobility issue or an injury or illness that can cause falls.
Game Developers’ Different Roles in the Studio
Learn about the different professionals involved in developing video games. Becoming a game developer is one of the coolest jobs around and your 14-year-old self, perched on the edge of your bed as you play PlayStation, will thank you for making such an awesome career move.
Michael Wiener of Albuquerque New Mexico Shares Fun Facts About the History of USA License Plates
Motor vehicle license plates are physical, historical records of motor vehicle history and license plate collecting attracts fans of history, motor vehicles, and classic design. In this article, license plate expert Michael Wiener of Albuquerque New Mexico shares fun facts about license plates in the United States.