All Software articles – Page 5

Article

Funding round values Icon Health & Fitness at $7bn

2020-10-06T16:01:00Z

Icon Health & Fitness got a valuation of more than $7 billion in a new $200 million round of financing which, according to Bloomberg, may be followed by a public offering of its shares in 2021. Founded 43 years ago in Utah with Mormon capital, Icon is the parent company ...

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Smith moves its consumer & dealer services division to Portland

2020-09-28T08:37:00Z

Smith Optics has transferred its consumer & dealer services division to its headquarters in Portland, where it will join the product, marketing and sales departments. The division was previously located at Smith’s Utah-based manufacturing facility. The Portland team will include account managers coming from Utah and new hires such as ...

Article

Tonal, Zwift and RunMotion Coach get new financing

2020-09-24T14:58:00Z

The growing home fitness trend inherited from coronavirus-related self-confinement measures is whetting the appetite of investors, commanding high valuations that are nourishing the most promising start-ups and pioneers in connected and personalised fitness like Peloton. More of them have been able to raise new funds after Gymshark and Wattbike. Like ...

Article

Defying Apple, Peloton sees itself as the fitness industry’s Netflix

2020-09-17T13:53:00Z

At an investor day held after the release of exceptionally strong financial results, Peloton Interactive said it felt that it could hold its own against competitors like Apple with its subscription-based model and its vertical integration to deliver a total fitness experience, creating a global community of consumers who want ...

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UA to control its EMEA sales from Amsterdam

2020-09-11T09:05:00Z

Under Armour has announced plans to establish a “futuristic” digital hub at its European headquarters in Amsterdam to centralize sales operations and to improve the brand experience. The hub is to have a “combination of physical and digital attributes,” supporting in-person and remote selling. It will combine an “enhanced digital ...

Article

GoPro’s losses widen

2020-08-10T11:46:00Z

The U.S. action camera brand’s sales tumbled by 54.1 percent in the second quarter to $134.2 million, while the gross margin contracted by 4.6 percentage points to 30.3 percent. Adjusted Ebitda was negative $22 million, compared to $14 million in the same period a year ago. The company’s net loss ...

Article

Amazon is entering the Nordics

2020-08-07T10:02:00Z

Confirming plans to set up its seventh European website in Sweden in time for Christmas shopping, Amazon has posted a job advertisement for a manager who would also be responsible for Norway, Denmark and Finland. Until now, Swedish consumers and companies have only had access to the other European Amazon ...

Article

ITK and Bosch Research set up competence center for smart textiles

2020-08-07T08:01:00Z

ITK Engineering, a German technology company operating internationally with customers mainly in the automotive and aerospace industries and a 100-percent subsidiary of the Robert Bosch GmbH since 2017, joined forces with Bosch Research to set up the Smart Textile Competence Center in the German town of in Rülzheim to investigate ...

News briefs

Garmin falls victim to cyber attack

2020-07-28T14:29:00Z

Garmin confirmed that the company was the victim of a cyber attack on July 23 in which some of Garmin’s systems were encrypted by outsiders, resulting in a significant failure of the company’s popular fitness tracking services. The German news site Spiegel Online reported indications that the company was attacked ...

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Garmin acquires Firstbeat Analytics

2020-07-02T06:19:30.440Z

According to the business website ZDNet, Garmin has acquired Firstbeat Analytics, a Finnish company whose software uses heart data recorded by wearable devices to measure stress, sleep, maximum rate of oxygen consumption (VO2 max), training status, the effects of training, rate of respiration and calories burned. Garmin intends to incorporate ...

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Wintersteiger goes on promoting young talent

2020-06-25T20:15:00Z

Wintersteiger – the Austrian provider of machinery for ski repair and maintenance, software for ski rental, and equipment and furnishings for ski shops – continues to train young people despite the coronavirus pandemic. While announcing the appointment of a new head of human resources, Wintersteiger says it wants to hire ...