Fitbit acquires Vector Watch startup

It seems that Fitbit is on a buying streak, having previously announced the takeover of Pebble, the company has today announced the acquisition of smartwatch startup Vector Watch, which will further bolster Fitbit's future smartwatch credentials.

Vector Founder and CTO Andrei Pitis told Techcrunch that "the company was acquired for its software platform and design team" and would incorporate their "unique technology and knowhow with Fitbit's experience and global community". However, the purchase won't necessarily mean that its new owners will movie to develop the same high-end luxury watch that Vector is known for.

Vector's customer support will continue to operate and warranties will be honored, but no new software will be developed.