Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Intel Capital invest in kiwi software developer Performance Lab Technologies Ltd
Posted on 26-Jun-2014 10:19 | Tags Filed under: News



Intel Capital, Intel Corporation’s global investment and M&A organisation, today announced an investment in Performance Lab, a developer and marketer of real-time exercise measurement analysis and virtual coaching software, based in Auckland, New Zealand. While the details of the investment were not released, the funding will be used by Performance Lab to advance product development and to accelerate international expansion.

Performance Lab is a New Zealand headquartered company that designs automated coaching technology for exercise and activity. Its ARDA product suite provides the next generation of intelligence for exercise and activity applications. The technology works across most fitness and wellness devices and provides automated coaching in real-time to optimise a user’s performance based on sensor detection, the user’s changing physiology, classification of their training, history, behaviours and goals. ARDA transforms readily available data into meaningful, relevant advice for consumers across smartphones and tablets.

“The sports, fitness, health and wellness sectors are fuelling strong global demand for smart gadgets,” said Sudheer Kuppam, Managing Director, Asia Pacific, Intel Capital. “Performance Lab’s suite of products provides enduring value to the smart gadgets that customers are incorporating into their health and fitness regimen.”

“We are looking forward to working with Intel,” added Waynne Dartnall, Chief Executive Officer, Performance Lab. “The combination of funding, together with technology, sales and marketing expertise, will help Performance Lab take our advanced coaching software to a global level.”

The investment was led by Deepak Natarajan, Director, Intel Capital, Southeast Asia, Australia and New Zealand, who will join Performance Lab’s board as an observer. This announcement follows investments of over US$100 million in more than 20 technology companies in Southeast Asia, Australia, and New Zealand since 1999. Intel Capital’s focus in the region includes mobility, security, cloud infrastructure and services, wearable technologies, and Internet of Things.






comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by Rikkitic on 28-May-2017 19:06 (174 replies)
Pages... 10 11 12


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by frankv on 25-May-2017 16:29 (136 replies)
Pages... 8 9 10


Tailgaters?
Created by Linuxluver, last reply by reg52nz on 25-May-2017 16:29 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by frankv on 29-May-2017 09:55 (4373 replies)
Pages... 290 291 292


Tipping? Please no!
Created by BlueShift, last reply by cddt on 27-May-2017 10:10 (104 replies)
Pages... 5 6 7


Fibre 100/20 Mbps plan - should I get this speed
Created by steve2222, last reply by DarkShadow on 28-May-2017 10:14 (18 replies)
Pages... 2


Sony smart TV functions
Created by Rikkitic, last reply by Rikkitic on 28-May-2017 21:25 (17 replies)
Pages... 2


Tax Cuts
Created by tdgeek, last reply by MikeAqua on 29-May-2017 10:16 (82 replies)
Pages... 4 5 6