iFIT acquires SWEAT, an online fitness app designed for women
iFIT has officially announced their upcoming acquisition of Sweat, which is an online fitness app designed for women. Sweat, which was cofounded by CEO Tobi Pearce and trainer Kayla Itsines in 2015, is rumored to have been sold for around $300 million. IFIT plans to keep Sweat as a standalone brand, as they have with their other brands like NordicTrack and Proform.
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