Intel completes Recon Instruments’ acquisition
Intel has completed the acquisition of Recon Instruments thereby further strengthening its position in the wearables market.
Recon Instruments considers this acquisition a huge milestone for the company and a pivotal event in the consumer electronics industry as it believes that the alliance will lead to amazing things.
Intel has been one of the strongest supporters of the wearables industry with its CEO, Brian Krzanich, announcing his commitment to wearable technology as early as 2013. He further reaffirmed that commitment in his keynote speech at the Consumer Electronics Show this January.
Recon Instruments announced that as part of Intel, they will access to resources to continue the mission they began with the creation of Recon in 2008. However, the company is quick to note that the increased resources will help them attain a level of efficacy and speed that’s beyond the reach of a pioneer in a new market.
The company notes that because of Intel, they will have the resources to successfully grow and this growth will extend to developer relations program that has helped them establish and sustain a strong app ecosystem.
Further, the acquisition will provide them access to Intel’s extensive technology portfolio, technical resources as well as expertise.
“This acquisition has placed Recon in a uniquely advantageous position”, notes Dan Eisenhardt, Recon’s co-founder and CEO. “Going forward, we’ll continue leading the smart eyewear category for sports, and we’ll be able to bring our technology and innovation to completely new markets and use cases where activity-specific information, delivered instantly, can change the game. The team and I couldn’t be more enthusiastic.”