Under Armour’s Connected Fitness division, created two years ago when the sports apparel company acquired a spat of fitness apps, was largely pushed to the background on the company’s latest earnings call, with CEO Kevin Plank failing to note either the departure of former MapMyFitness CEO and UA Connected Fitness lead Robin Thurston, or the fact that the division lost $7.5 million this quarter....
Adidas has reached a confidential settlement with Baltimore, Maryland-based Under Armour and one of its fitness apps, MapMyFitness, in a patent infringement lawsuit, according to Forbes.
The claims against Under Armor have been dismissed and Adidas agreed to grant Under Armour as well as MapMyFitness a license to use its patents for an undisclosed price.
Adidas sued Under Armour, in February 2014...
Rock Health Founder and Managing Director Halle Tecco has left the seed investor and former startup accelerator. “After nearly six years of helping build @Rock_Health, I’ve made the difficult decision to move on,” Tecco wrote on Twitter today. She added that she will continue making angel investments this summer via Techammer, an angel investment fund she founded with her husband. Tecco launched...
Although Under Armour raised revenues overall by about 30 percent this quarter, the company’s Connected Fitness business — made up in large part by its 2015 fitness app acquisitions — is still not turning a profit. UA says it lost $16.5 million in Q1 on Connected Fitness, more than the $15 million it lost in Q1 2015.
“While we are still in investment mode, we believe that the future of Connected...
For the first time since acquiring MapMyFitness, Endomondo, and MyFitnessPal, Under Armour has updated the privacy policies and terms and conditions of all three apps, to create a single unified document, which covers MapMyFitness, MyFitnessPal, Endomondo, and Under Armour's own UA Record app. These will apply to the company's nearly 160 million unique app users. The new terms of use take effect...
Beginning in 2013 with Under Armour’s MapMyFitness acquisition, a number of retailers have acquired health or fitness app companies. Under Armour itself bought two other health apps. And in the past couple years, there have been at least three other retailers that made health app acquisitions, including The Honest Company, Adidas, and Asics.
The Honest Company is an online retailer, Adidas, Asics...
Boston-based FitnessKeeper, maker of the Runkeeper app, has announced an agreement to be acquired by Japanese apparel company ASICS for $85 million, MobiHealthNews has learned.
"Partnering with ASICS to fulfill [our] vision together makes a ton of sense," Runkeeper founder and CEO Jason Jacobs wrote in a Medium post announcing the deal. "We both have deep roots in and focus on running as a core...
It’s been almost a year since IBM launched its newest health-focused business unit, called Watson Health and a new cloud offering called the Watson Health Cloud.
Before IBM formalized Watson Health, the company's well-known super computer brand had already been involved in healthcare for some time, partnering with Memorial Sloan-Kettering Cancer Center in New York City and Welltok. And at the...
It’s been almost a year since Under Armour announced its acquisition of Endomondo and MyFitnessPal for a combined $560 million, a year and change after buying MapMyFitness for $150 million.
This acquisition spree was the biggest the connected fitness space has seen since its inception. Not only did it put apparel companies like Nike and Adidas on notice (it’s not a coincidence that Adidas bought...
While Under Armour, Apple, and Weight Watchers, have all, to varying degrees, become more involved in the calorie-tracking mobile app space, Lose It, one of the original innovators, has been quietly chugging along, capping its funding at $7 million because, according to CEO Charles Teague, the company has been profitable since at least last March.
MobiHealthNews talked to Teague about maintaining...
