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Under Armour continues fitness power-play with acquisition of search engine
POSTED 10 Jul 2015 . BY Jak Phillips
Gritness is Under Armour's fourth tech-focused acquisition in the past two years Credit: Shutterstock.com
Sportswear giant Under Armour has continued its charge into the fitness technology sector through the acquisition of workout-focused search engine Gritness.

The deal is the company’s latest move to establish itself in the fast-growing sector, having recently acquired popular apps Endomondo and MyFitnessPal. These deals, which saw Under Armour pay US$475m (€419m, £309m) for MyFitnessPal and US$85m (€75m, £55m) for Endomondo, mean Under Armour now has a community of 120 million unique registered users across its portfolio, as well as a treasure chest of consumer fitness data.

The acquisition of Gritness marks another step in Under Armour’s progress towards building a platform and developer network whereby it supplies the apparel, hardware and tracking apps used in a workout, as well as owning the resultant data. Gritness, a search engine that helps people find and join workouts, is a significant piece of the puzzle, both in terms of its advertising possibilities, as well as its insight into how users approach a workout.

The financial aspects of the deal have not been revealed, while neither company is yet to comment.
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Jobs    News   Products   Magazine
NEWS
Under Armour continues fitness power-play with acquisition of search engine
POSTED 10 Jul 2015 . BY Jak Phillips
Gritness is Under Armour's fourth tech-focused acquisition in the past two years Credit: Shutterstock.com
Sportswear giant Under Armour has continued its charge into the fitness technology sector through the acquisition of workout-focused search engine Gritness.

The deal is the company’s latest move to establish itself in the fast-growing sector, having recently acquired popular apps Endomondo and MyFitnessPal. These deals, which saw Under Armour pay US$475m (€419m, £309m) for MyFitnessPal and US$85m (€75m, £55m) for Endomondo, mean Under Armour now has a community of 120 million unique registered users across its portfolio, as well as a treasure chest of consumer fitness data.

The acquisition of Gritness marks another step in Under Armour’s progress towards building a platform and developer network whereby it supplies the apparel, hardware and tracking apps used in a workout, as well as owning the resultant data. Gritness, a search engine that helps people find and join workouts, is a significant piece of the puzzle, both in terms of its advertising possibilities, as well as its insight into how users approach a workout.

The financial aspects of the deal have not been revealed, while neither company is yet to comment.
RELATED STORIES
Under Armour targets fitness app market with major acquisitions


Sportswear giant Under Armour has made a major play into the fitness tracking sector, acquiring popular apps Endomondo and MyFitnessPal.
Under Armour to supply ECB


Under Armour has announced it will be the official supplier to the England and Wales Cricket Board of undergarments for the national squads.
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