Internet of Things
Tech companies agree to collaborate

Several technology competitors are setting aside rivalries to collaborate on the Internet of Things, the companies announced last week.

Intel, Cisco, AT&T, General Electric and IBM are forming the Industrial Internet Consortium, a nonprofit organization dedicated to the Internet of Things — a term for a connected network of sensors and devices.

One of the group’s goals is to draw up inter-operability standards so that the devices, sensors and networks members create can communicate with each other and the data they exchange can be secure.

The organization is to be managed by the Object Management Group, a Boston-based nonprofit trade association. The coalition is still discussing which industries could serve as test-beds for new standards.

— Mohana Ravindranath

Wearable tech
Chipmaker buys fitness tracker firm

Chipmaker Intel has bought Basis Science, the start-up behind the popular fitness tracker by the same name, for an undisclosed sum.

The deal, announced last week by Santa Clara, Calif.-based Intel, comes as the still-nascent market for wearable gadgets is heating up. So far, a lot of these gadgets are fitness and wellness trackers. This includes the Basis band, which tracks users’ activity level, heart rate, sleep patterns and other data.

Just last week, Google released a version of its Android software tailored for high-tech watches and other wearable devices.

Jef Holove, chief executive of Basis Science, will be general manager at Intel’s new devices group. The Basis brand will continue to be sold, and the company’s 60 employees will work on “future wearable initiatives,” Intel said.

— Associated Press