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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.
MORE NEWS
UK Active and Savanta launch quarterly consumer engagement insight
Improving physical strength and fitness, mental health and confidence are the main reasons for joining a health club, while cost, time and motivation are the main reasons for leaving.
Snap Fitness' holding company – Lift Brands – is up for sale
Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company –  owner of Snap Fitness and Fitness On Demand – is up for sale.
Planet Fitness increases price of basic membership for first time in over 20 years
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash.
Xponential dumps Geisler as company faces investigation by US Attorney’s Office
Xponential Fitness today indefinitely suspended founder and CEO, Anthony Geisler, saying it had been notified on 7 May that the company is facing a legal challenge by the United States Attorney’s Office for the Central District of California.
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Complaints about group exercise have become a thing of the past for the Reynolds Group thanks to its partnership with CoverMe, a digital platform that simplifies group exercise and PT management for clubs and instructors. [more...]

Sue Anstiss' Game Changers podcast headed for Elevate 2024
Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game Changers Podcast with Sue Anstiss, CEO of Fearless Women. [more...]
+ More featured suppliers  
COMPANY PROFILES
Keiser UK LTD

For more than four decades, Keiser has influenced the training of athletes, fitness enthusiasts an [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

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+ More directory  
DIARY

 

18-22 May 2024

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The Ravenala Attitude Hotel, Mauritius
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European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
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