Fitbit Acquires Pebble for Undisclosed Sum

  • Feed Type
  • Date
    12/7/2016
  • Company Name
    Pebble
  • Mailing Address
    925 Alma St. Palo Alto, CA 94301 USA
  • Company Description
    Pebble is a customizable, Bluetooth-enabled smartwatch that connects to iPhone and Android smartphones. It features a 144×168 1-bit display, a 3-axis accelerometer and a Cortex-M3 ARM microprocessor. Pebble can be customized by installing new apps developed with its Software Development Kit.
  • Website
    http://www.getpebble.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Fitbit is acquiring software assets and hiring engineering team members in the deal. No hardware assets are being acquired and the company will stop selling hardware. Financial terms of the deal were not disclosed.

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