Software assets will be acquired by Fitbit.
After several rumors it is now confirmed that Fitbit will be acquiring the software assets of Pebble as the company is being dissolved. The reported acquisition amounts to about $40 million though no official details were revealed.
While that would mean that Fitbit will be able to brings new talents to further develop its own line of hardware and software focused on fitness trackers, this means that Pebble will officially cease to exist. Pebble founder Eric Migicovsky explained that with the current situation coupled with various factors, the company could no longer operate.
The problem is that since most of their products were funded through crowdfunding initiatives, there is a good chance that you won’t see your money again. Pebble is working on refunds, though that would take time. Additionally, if you own a Pebble device, software updates will no longer be supported – even warranty support will also be discontinued.
More details about Pebble’s future can be read here.