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.
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.