Google buys designer smartwatch tech for $40M

Google plans to buy smartwatch technology from American fashion designer Fossil for $40 million, CNBC reports.

Advertisement

Fossil currently runs Google’s Wear OS software on its smartwatches, which the designer claims is its fastest-growing category, according to CNBC.

“The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer,” said Google Wear OS Vice President of Product Management Stacey Burr.

The deal, which Google announced Jan. 17,  is expected to close in January.

More articles on health IT:

Cerner co-founder retires; Walgreens, Microsoft partner on new healthcare delivery models & more — 12 health IT key notes
PerfectServe acquires communications platform provider Telmediq
Fostering a culture of innovation: 5 CIOs share insights

 

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Health IT

Advertisement

Comments are closed.