Jawbone, the company that made its name on Bluetooth headsets, has made a strategic purchase to expand its wearable technology business.
Jawbone announced Tuesday that it has acquired BodyMedia, a company that specializes in wearable body monitors and sensors. BodyMedia holds 87 patents and makes the Fit product line, which includes a gadget registered with the FDA as a Class II medical device capable of helping users lose weight.
According to All Things Digital, the deal is valued at $100 million. Neither Jawbone nor BodyMedia disclosed the acquisition price.