US semiconductor giant Intel says it has completed the takeover of wearable device maker Basis Science.
Basis (San Francisco, CA, USA) specializes in developing wearables for health and wellness applications, including its Basis band health tracker, and the acquisition will provide Intel (Santa Clara, CA, USA) with immediate exposure to this fast-growing sector.
Mobile health player AirStrip has acquired Sense4Baby and said it will immediately seek FDA clearance to expand the company’s remote-monitoring service into the home.
Sense4Baby (La Jolla, CA, USA) has developed a wireless fetal monitoring system that can perform non-stress testing for high-risk pregnancies and has already received clearance from the US Food and Drug Administration and the European Commission to commercialize its medical device in clinical settings.
Mobile health specialist Valencell has teamed up with software player 3Pillar Global to develop what they say will be a new consumer-facing application that helps customers make sense of biometric information generated by Valencell’s PerformTek sensor technology.
FreeWave Technologies has released a new M2M platform it says will lower costs and speed up service deployments for customers in the industry and government sectors.
Branded WavePoint, the platform is designed to provide secure wireless connections for industrial data travelling over long distances, supporting a variety of M2M applications.
Sunrise Micro Devices has unveiled a new radio core product aimed specifically at meeting the growing demand for Internet of Things (IoT) sensors across a variety of industry sectors.
The CORDIO BT4 radio core is described as the company’s first radio core offering from Sunrise’s (Deerfield Beach, FL, USA) CORDIO family of sub-volt wireless products.
It incorporates Bluetooth technology and is said to be highly energy efficient, making it suitable for sensors that are expected to operate for years without human intervention.
Equipment giant Cisco has unveiled plans to develop a network of clouds that will be “architected” specifically for the Internet of Everything.
Calling the network of clouds Intercloud, Cisco (San Jose, CA, USA) says it will invest $1 billion in building the expanded cloud business over the next two years and that it expects partners to stump up additional investments for the scheme.
Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal.
The acquisition, which comes hot on the heels of its $19 billion deal for messaging service WhatsApp, marks a big bet by Facebook (Menlo Park, CA, USA) to anticipate the next shift in an evolving technology industry, at a time when consumers are increasingly abandoning their PCs for smartphones.
Google has teamed up with Ray-Ban maker Luxottica in a bid to turn its Internet-connected Glass spectacles into a widely-available, stylish consumer product.
In a statement late on Monday, Luxottica (Milan, Italy), the world's biggest eyewear maker, said it had agreed to design, develop and distribute Glass eyewear, which so far has only been available as an expensive prototype in the United States.
Welltok has acquired mobile health app developer Mindbloom in a move aimed at expanding its capabilities in the fast-developing telehealth sector.
The terms of the transaction were not disclosed by Welltok (Denver, CO, USA), which describes itself as a “pioneer in health optimization”.
The company did, however, indicate that it plans bolster its own CafeWell Health Optimization Platform through the Mindbloom (Seattle, WA, USA) takeover, providing customers with access to a range of health programs, content and applications.
Healthcare IT player IMS Health is expecting to price its initial public offering at between $18 and $21 a share, which would value the company at $6.97 billion, according to a report from Reuters.
The company, backed by TPG Capital Management (Fort Worth, TX, USA), is hoping to raise as much as $1.36 billion from the sale of 65 million shares.
According to Reuters, IMS (Parsippany-Troy Hills, NJ, USA), will sell some 52 million shares during the offering, with the remainder being put up for sale by shareholders.