Intel Completes Purchase Of BASIS Science

(RTTNews) - Intel Corp. (INTC) said Tuesday that it has completed the acquisition of privately held BASIS Science Inc., a company specializing in wearable device technologies for health and wellness applications.

BASIS Science is also the creator of the Basis band, the world's most advanced health tracker. The wrist-worn device and web and mobile service captures physiological metrics such as heart rate to help people get fit, sleep better and stress less.

The financial terms of the deal were not disclosed.

The acquisition of BASIS Science accelerates Intel's wearable products focus and extends the company's capabilities in this area. It also brings access to new technology, and further expands the leadership team with people who have a proven track record of innovation in wearable device technologies for health and fitness applications.