Former Nokia exec acquires Fossil’s smart watch biz
A
team of investors led by Juha Pinomaa, 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. Meta Watch is the most renowned developer-friendly
watch platform, which let’s developers create apps for watches connected
to a user’s smartphone. The company will be headquartered in Dallas and
will open a R&D center in Espoo, Finland.