Under Armour announced late last week that it is selling off MyFitnessPal to investment firm Francisco Partners for $345 million – a fair bit lower than the $475 million it paid for the connected fitness app and platform back in 2015.
The deal is set to officially close in the fourth quarter, and its value is inclusive of potential earn-out payments. The selloff comes roughly three years after...
Under Armour has notified users of its MyFitnessPal food and nutrition app of a large-scale user data breach that occurred in late February. The company’s investigation into the breach is ongoing, according to a statement, but so far indicates that the usernames, email addresses, and passwords of approximately 150 million users have been compromised.
“We understand that you value your privacy and...
When Adidas bought Runtastic for $240 million in 2015, the fitness giant was pretty obviously playing catchup. The company had just watched Under Armour, a relative upstart in the sports apparel world, spend $710 million on three of the biggest fitness apps on the market: MapMyRun, MapMyFitness, and Endomondo. Less than a year later, Japanese shoe brand ASICS would snap up Runkeeper for $85...
Under Armour announced a number of executive changes that affect the sports apparel company’s Connected Fitness business, including the departure of MyFitnessPal founders Mike and Albert Lee, the company’s Chief Digital Officer and SVP Digital Product, respectively.
“We're appreciative of the nearly three years that Mike and Al have fully and generously served at Under Armour following the...
After a rough third quarter, Under Armour has made it known that it is giving up on its UA Healthbox offering and all three of the connected devices that make it up. The company will continue to make some hardware in the form of connected apparel, and will continue to support its connected fitness apps, as well as recently-announced software offerings for Samsung Gear smartwatches.
"Our first...
Garmin had a pretty solid 2016, finishing off the fourth quarter with a 10 percent year over year increase in revenue and a total of $861 million. For all of 2016, revenue was up 7 percent from the prior year, with each of the company’s categories – fitness, marine, outdoor and aviation – collectively growing over 20 percent. Fitness wearables grew 20 percent in the quarter driven by devices with...
The National Health Service in England is expanding the rollouts for several mobile apps, according to reports in The New Scientist and Health IT Central. The list includes GDm-health, an app for managing diabetes in pregnant women; EDGE-COPD for chronic pulmonary disorder; and SEND, a tablet app for monitoring vitals of patients in hospitals. These apps have all cleared initial trials and the ...
Big Health has hired Kelvin Kwong, former director of product management at Jawbone, to be its vice president of product management. Big Health is currently focused on the sleep space with its app Sleepio, so it makes sense to hire a Jawbone vet -- the tracker company invested quite a bit in sleep tracking before its recent pivot toward medical devices.
Big Heath also announced the hire on Dr....
Sports apparel and connected fitness brand Under Armour reported revenue growth of 22 percent in the third quarter of the year, marking the company's 26th quarter of consecutive growth. While the main focus of the company's earnings call was on Under Armour's growing footwear business and international market expansion, CEO Kevin Plank also spoke about the growth of the company's Connected...
3M Health Information Systems as entered an agreement with Verily (formerly Google Life Sciences) to develop new population health measurement technology. The joint platform will work to assess quality performance data across healthcare delivery systems and patient populations, providing actionable insights that can be used to make improvements in healthcare quality and cost. The platform will...
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