Smart ring maker Motiv announced it is being acquired by Proxy, which makes keyless office systems, in a shift to the enterprise market.
Proxy, which builds keyless smartphone entry systems for businesses, says it will acquire all parts of Motiv, including some employees. But Proxy also said it intends to kill the Motiv name and integrate its own smart signal technology into Motiv's hardware for a product to be used by businesses. An employee who was aware of the search for a new leader quoted one executive as saying they were "looking for the Tony Fadell of CEOs" to sell Motiv to the healthcare market.
Eventually, a complete acquisition was agreed upon. The exact price of the acquisition was not disclosed. Proxy, which emerged from stealth in 2019, builds keyless entry systems for offices using Bluetooth Low Energy signals. In March it announced it had raised $42 million in a Series B round of funding, and now intends to replicate the technology it uses in smartphones in a smart ring.
paywall? really?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden's smart to lay low, but he should pick his running mate now - Business InsiderOpinion | While Trump flails with his disastrous coronavirus response, Joe Biden could give his successful but never inspiring campaign a blast of energy by picking a VP candidate now. By anthonyLfisher anthonyLfisher also because it's a national security issue due to his age and the virus anthonyLfisher “Well I’ll be a son of a bitch! Trump was right!” anthonyLfisher Dudes a rapist
Source: BusinessInsider - 🏆 729. / 51 Read more »
Biden's smart to lay low, but he should pick his running mate now - Business InsiderOpinion | While Trump flails with his disastrous coronavirus response, Joe Biden could give his successful but never inspiring campaign a blast of energy by picking a VP candidate now. By anthonyLfisher anthonyLfisher For what he wonders ? For President! That’s nonsense. You’re not making any sense 😳 anthonyLfisher It’s sad how bias you are.I am on following you anthonyLfisher America is facing serious crisis you looking fresh n election mood..very unfortunate.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Study to detect COVID-19 symptoms early with smart ring gains traction - Business InsiderSilicon Valley's favorite sleep tracker is being used to help detect COVID-19 symptoms early and tackle big questions about the coronavirus' aftermath while world is lockdown animals are start roaming around. Beautiful isn't it? Please retweet and share Very interesting!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Study to detect COVID-19 symptoms early with smart ring gains traction - Business InsiderSilicon Valley's favorite sleep tracker is being used to help detect COVID-19 symptoms early and tackle big questions about the coronavirus' aftermath while world is lockdown animals are start roaming around. Beautiful isn't it? Please retweet and share Very interesting!
Source: BusinessInsider - 🏆 729. / 51 Read more »