Firstbeat Analytics was acquired by Garmin.
Firstbeat Analytics Oy, an Jyvaskyla, Finland-based provider of consumer software for physiological analytics and metrics, announced getting into an agreement for being acquired by the consumer tech company Garmin Ltd.
Firstbeat Analytics is a consumer licensing business, formerly a part of Firstbeat Technologies. Firstbeat Technologies will continue operating its Wellness and Professional Sports businesses.
Financial details of the transaction were not disclosed. Firstbeat Analytics will remain operating in Jyvaskyla.
Firstbeat Analytics is a white label app for consumer devices that tracks and inteprets heartbeat data into meaningful information and advice to enhance performance and wellbeing. The product's algo uses a combination of sensor data, including heart rate variability (HRV), Firstbeat Analytics blends physiological science with mathematics to provide the most advanced analytics and metrics in the areas of stress, sleep, VO2 max, training status/load, training effect, respiration rate, calories burned and much more. This data allows users to make better, more informed decisions about training and recovery.
Garmin Ltd. is listed on Nasdaq and is incorporated in Switzerland, with subsidiaries located in the United States, Taiwan and the United Kingdom.