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

The deal, which saw Under Armour pay US$475m (€419m, £309m) for MyFitnessPal and US$85m (€75m, £55m) for Endomondo, means Under Armour has acquired an extra 100 million users and their fitness data – MyFitnessPal touts 80 million users and Endomondo has 20 million.

Added to the 31 million users Under Armour already has from its purchase of MapMyFitness, the move puts the company in a strong position within the fast-expanding health data market. Data from fitness tracking applications is seen as particularly valuable as readings are taken every day, and the recent arrivals of Apple and Microsoft to the fitness tracking market underlines the fact that there is serious potential for profit.

Full Article: Click here
Source: Health Club Management

 

Start selling health & fitness online

  Register here