Fitbit acquires Vector Watch

Bucharest, January 10, 2017. Gecad Ventures sells its majority stake in Vector Watch to Fitbit, marking one more important global exit for the investment fund. The terms of the transaction are confidential.

Vector Watch, known for its innovative and cross-functional approach to design and development of wearable technology, has recently reached an agreement with Fitbit [Nasdaq:FIT] regarding the acquisition of part of its assets. Specifically, Vector Watch’s intellectual property (software platform) and its team have joined Fitbit.

Vector Watch developed a proprietary technology, created for powering an energy saving smartwatch, with applications and functionalities especially designed for wearables use. With its bespoke operating system, the platform assured an extended battery life for its range of smart devices. The company’s intelligent technology also provided discreet and relevant information to help streamline the complexities of day-to-day life, whilst retaining the aesthetic and elegance of a premium timepiece.

With this step, Vector Watch hopes to get closer to seeing its technology on the world’s wrist.

For more information access: www.vectorwatch.com/fitbit.