Nautilus, Inc. Announces Acquisition of VAY, A Leader in Motion Technology
Nautilus, Inc. (NLS)
Last nautilus, inc. earnings: 2/24 04:05 pm
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Source: Business Wire
VAY’s proprietary technology and highly technical skillset will be committed to the development of Nautilus product offerings and the evolution of JRNY, Nautilus’ digital platform Transaction supports Company’s North Star plan, including goal of JRNY subscription growth to reach 2 million by FYE 2026 VANCOUVER, Wash.--(BUSINESS WIRE)--Nautilus, Inc. (NYSE: NLS) (“Nautilus,” “the Company”), an innovation leader in home fitness for over 30 years, today announced that it has entered into a definitive agreement to acquire VAY (pronounced “way”), a leader in motion technology.Through a combination of machine learning expertise and a deep knowledge of human biomechanics, VAY’s proprietary technology enables computers to understand human motion using cameras. The acquisition will allow Nautilus to scale its JRNY® digital platform by providing foundational technologies to power the Company’s vision and motion tracking capabilities that enable real-time data analysis during workouts. Nautil
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