Mon, Dec 22, 2014 16:43
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Meta Watch Acquired by Execs from Watch & Mobile Industries

Texas Business reports: DALLAS and ESPOO, Finland—Meta Watch Ltd. announced that a team of investors led by Juha Pinomaa, former President of Suunto and a former Nokia executive, acquired the Meta Watch branded connected watch business and related IPR assets from Fossil Inc.

Joining Pinomaa as investors and key managers are Bill Geiser and David Rosales, who previously led Fossil's Watch Technology Division.

“Over the next 10 years billions of people will carry smart phones changing how consumers live and creating new opportunities and markets for connected watches and other wearable devices,”  said Juha Pinomaa, chairman of Meta Watch. “Acquiring Meta Watch not only gives us a head start in this emerging growth market, it brings us the industry's most experienced management team who have been designing and shipping connected watches since 2006.”

“We are very excited about the opportunities ahead, as initial shipments of the Meta Watch development system are now underway,” said Meta Watch chief executive Bill Geiser. 
“Our unequalled experience in this new category will allow thousands of mobile application developers to quickly and easily extend applications to the wrist, helping consumers to stay connected and to stay in style when they are really mobile and on the go.”

Meta Watch will be based in Dallas. The company will also open a research and development center in Espoo, Finland to capitalize on the rich history of Finland-based innovation in wrist-top computing and mobile devices.

 Meta Watch is a privately-held design and technology development company focusing on reinventing the watch as a stylish and relevant mobile accessory. The Meta Watch platforms enable developers to quickly and easily extend the interfaces of devices and applications to the wrist. Target markets and applications include: messaging, alerts, and notifications; social networking service updates; turn-by-turn directions; LBS notifications, sports performance feedback; music controls and more.