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Runtastic

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uuid0007ws7

Namestring
Runtastic
Legal namestring
Runtastic GmbH
Websiteurl
runtastic.com
Company typeenum
Private
Founded yearint
2009
Descriptiontext

Runtastic GmbH is an Austria-based mobile fitness technology company founded in 2009 in Pasching, Austria, and acquired by adidas AG in January 2024 for $250 million. The company operates the "adidas Running" app (formerly Runtastic), a GPS-based activity tracking platform that supports running, walking, hiking, and cycling, with real-time metrics including pace, distance, heart rate, calories, and a proprietary RunScore. The technical stack includes cloud synchronization, native integration with Apple HealthKit and Google Fit, voice-coach audio prompting, LIVE activity broadcasting, and adaptive personalized training plans that adjust based on user feedback during training.

The business operates on a freemium model: basic tracking is available free through adiClub membership, with premium features available behind a paid subscription tier. The app is monetized through three interrelated streams: (1) premium in-app subscriptions, (2) adiClub points earning on logged activities (redeemable for adidas products, experiences, and vouchers), and (3) data-enhanced product recommendations that drive adidas footwear and apparel sales across e-commerce and physical retail. Distribution is mobile-first via iOS App Store and Google Play, augmented by adidas's global retail footprint (both operated and licensed stores), adidas.com, and QR-code onboarding in physical stores. Runtastic's privacy infrastructure covers 50+ jurisdictions including GDPR, CCPA, LGPD, PIPA, and PDPA compliance.

Runtastic serves two primary consumer segments: recreational fitness enthusiasts seeking workout tracking, motivation, and community engagement, and adiClub loyalty members who use activity logging to earn points and tiered benefits (Levels 1-4). Secondary use cases include health-data consolidation users who sync across multiple platforms and event participants in adidas Runners community gatherings. As a wholly-owned subsidiary of adidas AG, Runtastic functions as the digital fitness and engagement layer within adidas's broader consumer ecosystem rather than as a standalone revenue entity.

Short descriptiontext

Runtastic, now the adidas Running app, is an Austria-based mobile fitness platform providing GPS-based activity tracking, adaptive training plans, and community challenges. Acquired by adidas in January 2024, it integrates deeply with the adiClub loyalty program to serve global recreational runners and fitness enthusiasts.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersPasching, Austria
HQ citystring
Pasching
HQ countrystring
Austria
HQ regionstring
Europe
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
fitness tracking app, GPS activity monitoring, running mobile application, workout tracking software, loyalty rewards platform
Industry2 codes
1Online/Remote Personal Training & Programming
CodeHSADAAAMPrimaryYes
2Endurance & Running/Cycling Training
CodeHSADAAAGPrimaryNo
NAICS code1 code
  • Fitness and Recreational Sports Centers71394
SIC code1 code
  • Services-Membership Sports & Recreation Clubs7997
Product category
Fitness Tracking Mobile App
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Premium App Subscriptions
TypeFreemium
Description

Freemium model with basic features available free through adiClub membership and premium features requiring paid subscription. Premium includes advanced training plans, detailed analytics, and exclusive content.

news.market.us
2adiClub Points Redemption
TypeSubscription Recurring
Description

Users earn adiClub points for tracked activities that can be redeemed for adidas products, experiences, and vouchers. This drives engagement with adidas product ecosystem and retail channels.

adidas.com
3Data-Enhanced Product Sales
TypeSubscription Recurring
Description

Activity and fitness data used to personalize product recommendations, driving adidas footwear and apparel sales across e-commerce and retail channels.

runtastic.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Pricing details1 tier
1Free tier with basic tracking features through adiClub membership
ModelFreemiumBilling cadenceMonthly
Notes

adiClub membership is free. Members earn 7 Level Points and 7 Points to Spend per AUD 1 spent. Free subscription to adidas Running app included with adiClub membership.

adidas.com
GTM typeB2C
B2C
Offering typeSoftware
Software
Core offering1 text field

Runtastic (operating as adidas Running) develops and distributes a GPS-based mobile fitness tracking app for running, walking, hiking, and cycling. The app provides real-time GPS tracking, voice coaching, personalized adaptive training plans, challenges, leaderboards, and LIVE activity broadcasting, with bi-directional synchronization to Apple HealthKit and Google Fit. It is integrated with the adidas adiClub loyalty program, allowing users to earn points for tracked activities that can be redeemed for adidas products, experiences, and vouchers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Users can earn adiClub points for every activity tracked, redeemable for adidas products
+1 more record
Product overview1 text field

Runtastic, now operating as 'adidas Running,' is a mobile fitness tracking platform that was acquired by Adidas in January 2024 for $250 million. The product suite centers on the adidas Running app—a GPS-based workout tracker for running, walking, hiking, and cycling activities. Key features include voice coaching, personalized training plans, challenges, leaderboards, and activity statistics. The app integrates with the adiClub membership program, which enables users to earn points for tracked activities and redeem them for rewards, discounts, and exclusive experiences. The offering operates as a freemium model with basic tracking features and premium subscription capabilities, all synchronized within the broader Adidas ecosystem including Apple HealthKit and Google Fit.

Product and service1 record
1adidas Running (formerly Runtastic)
CategoryFitness tracking mobile app
Description

GPS-based mobile fitness tracking application for running, walking, hiking, and cycling activities. Provides voice coach, GPS tracking, leaderboards, run statistics, challenges, training plans, LIVE activity broadcasting, and integration with the adidas adiClub loyalty program. Distributed to consumers worldwide via the iOS App Store and Google Play.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierFlagshipTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2024-01-01
Description

Adidas acquired Runtastic for $250 million in January 2024, making Runtastic a brand of adidas AG. The app was rebranded as adidas Running while maintaining the Runtastic brand identity. This acquisition integrated fitness tracking technology into adidas's broader digital sports ecosystem and adiClub loyalty program.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeEmerging player
Description

Komoot is a route-planning and navigation app for hiking, cycling, and trail running popular in Europe. It overlaps with Runtastic on outdoor activity tracking and route discovery, especially for hiking and cycling.

TypeEmerging player
Description

AllTrails is a leading hiking and trail-running discovery and tracking app. It overlaps with Runtastic's hiking/route-tracking use cases and competes for outdoor endurance users willing to pay for premium trail content.

TypeBroad incumbent
Description

Fitbit, owned by Google, offers activity tracking, workout logging, and a subscription premium tier. It overlaps with adidas Running on run/activity tracking and benefits from integration with Google Fit and Pixel devices.

TypeEmerging player
Description

Coros Training Hub is the companion app for Coros sports watches, offering structured run training, training plans, and analytics. It competes for the same endurance athlete segment, particularly users who pair apps with dedicated GPS watches.

TypeBroad incumbent
Description

Apple Fitness+ is Apple's subscription workout service integrated with Apple Watch. It competes for fitness time and spend, especially among iPhone-using runners, and benefits from Apple's hardware ecosystem lock-in.

TypeDirect peer
Description

Strava is the leading GPS-based run and cycling tracking app with a strong social/community layer. It is the most direct competitor to adidas Running, serving the same recreational endurance athletes with similar tracking, challenges, and leaderboard features.

TypeDirect peer
Description

Garmin Connect is the companion app for Garmin GPS wearables, providing activity tracking, challenges, and analytics. It is a direct competitor for users who track runs via dedicated sport watches rather than smartphones.

TypeBroad incumbent
Description

Samsung Health is a pre-installed health and activity platform on Samsung Galaxy devices. It competes with Runtastic for Android users' default fitness tracking, especially on Samsung's large global device base.

TypeDirect peer
Description

MapMyRun is a GPS run-tracking app owned by Under Armour, part of the MapMyFitness suite. It competes directly with Runtastic in activity tracking, route mapping, and training plans within another sportswear brand's ecosystem.

TypeDirect peer
Description

Nike Run Club is Nike's flagship running app offering GPS tracking, guided runs, and training plans integrated with the Nike ecosystem. It directly parallels adidas Running as a brand-owned running app from adidas's primary global competitor.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration5 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance7 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Runtastic

Fitness Tracking Mobile Appruntastic.com

Runtastic, now the adidas Running app, is an Austria-based mobile fitness platform providing GPS-based activity tracking, adaptive training plans, and community challenges. Acquired by adidas in January 2024, it integrates deeply with the adiClub loyalty program to serve global recreational runners and fitness enthusiasts.

What Runtastic does

Runtastic GmbH is an Austria-based mobile fitness technology company founded in 2009 in Pasching, Austria, and acquired by adidas AG in January 2024 for $250 million. The company operates the "adidas Running" app (formerly Runtastic), a GPS-based activity tracking platform that supports running, walking, hiking, and cycling, with real-time metrics including pace, distance, heart rate, calories, and a proprietary RunScore. The technical stack includes cloud synchronization, native integration with Apple HealthKit and Google Fit, voice-coach audio prompting, LIVE activity broadcasting, and adaptive personalized training plans that adjust based on user feedback during training.

The business operates on a freemium model: basic tracking is available free through adiClub membership, with premium features available behind a paid subscription tier. The app is monetized through three interrelated streams: (1) premium in-app subscriptions, (2) adiClub points earning on logged activities (redeemable for adidas products, experiences, and vouchers), and (3) data-enhanced product recommendations that drive adidas footwear and apparel sales across e-commerce and physical retail. Distribution is mobile-first via iOS App Store and Google Play, augmented by adidas's global retail footprint (both operated and licensed stores), adidas.com, and QR-code onboarding in physical stores. Runtastic's privacy infrastructure covers 50+ jurisdictions including GDPR, CCPA, LGPD, PIPA, and PDPA compliance.

Runtastic serves two primary consumer segments: recreational fitness enthusiasts seeking workout tracking, motivation, and community engagement, and adiClub loyalty members who use activity logging to earn points and tiered benefits (Levels 1-4). Secondary use cases include health-data consolidation users who sync across multiple platforms and event participants in adidas Runners community gatherings. As a wholly-owned subsidiary of adidas AG, Runtastic functions as the digital fitness and engagement layer within adidas's broader consumer ecosystem rather than as a standalone revenue entity.

Runtastic firmographics

Firmographics
Name
Runtastic
Legal name
Runtastic GmbH
Website
https://runtastic.com
Company type
Private
Founded year
2009
Operating status
Operating
Headcount range
101–250 employees
Short description
Runtastic, now the adidas Running app, is an Austria-based mobile fitness platform providing GPS-based activity tracking, adaptive training plans, and community challenges. Acquired by adidas in January 2024, it integrates deeply with the adiClub loyalty program to serve global recreational runners and fitness enthusiasts.
Ownership category
akta.pro rank

Runtastic industry classification

Industry
Product category
Fitness Tracking Mobile App
NAICS
Fitness and Recreational Sports Centers (71394)
SIC
Services-Membership Sports & Recreation Clubs (7997)
akta.pro primary industry
Online/Remote Personal Training & Programming (HSADAAAM)
akta.pro secondary industry
Endurance & Running/Cycling Training (HSADAAAG)

Keywords

  • Fitness tracking app
  • GPS activity monitoring
  • Running mobile application
  • Workout tracking software
  • Loyalty rewards platform

Where Runtastic is headquartered

Location

Headquarters

HQ city
Pasching
HQ country
Austria
HQ region
Europe

Offices4 records

Markets served

Runtastic business model

Business model
GTM type
B2C
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Premium App Subscriptions: Freemium model with basic features available free through adiClub membership and premium features requiring paid subscription. Premium includes advanced training plans, detailed analytics, and exclusive content.
  2. adiClub Points Redemption: Users earn adiClub points for tracked activities that can be redeemed for adidas products, experiences, and vouchers. This drives engagement with adidas product ecosystem and retail channels.
  3. Data-Enhanced Product Sales: Activity and fitness data used to personalize product recommendations, driving adidas footwear and apparel sales across e-commerce and retail channels.

Pricing tiers

ModelBillingPrice
FreemiumMonthlyFree tier with basic tracking features through adiClub membership

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Runtastic product offering

Product offering

Core offering

Runtastic (operating as adidas Running) develops and distributes a GPS-based mobile fitness tracking app for running, walking, hiking, and cycling. The app provides real-time GPS tracking, voice coaching, personalized adaptive training plans, challenges, leaderboards, and LIVE activity broadcasting, with bi-directional synchronization to Apple HealthKit and Google Fit. It is integrated with the adidas adiClub loyalty program, allowing users to earn points for tracked activities that can be redeemed for adidas products, experiences, and vouchers.

Product overview

Runtastic, now operating as 'adidas Running,' is a mobile fitness tracking platform that was acquired by Adidas in January 2024 for $250 million. The product suite centers on the adidas Running app—a GPS-based workout tracker for running, walking, hiking, and cycling activities. Key features include voice coaching, personalized training plans, challenges, leaderboards, and activity statistics. The app integrates with the adiClub membership program, which enables users to earn points for tracked activities and redeem them for rewards, discounts, and exclusive experiences. The offering operates as a freemium model with basic tracking features and premium subscription capabilities, all synchronized within the broader Adidas ecosystem including Apple HealthKit and Google Fit.

Differentiator

Problem solved

Functional benefit

Products and services

  • adidas Running (formerly Runtastic) GPS-based mobile fitness tracking application for running, walking, hiking, and cycling activities. Provides voice coach, GPS tracking, leaderboards, run statistics, challenges, training plans, LIVE activity broadcasting, and integration with the adidas adiClub loyalty program. Distributed to consumers worldwide via the iOS App Store and Google Play.

Quantifiable outcome

  • Users can earn adiClub points for every activity tracked, redeemable for adidas products
  • +1 more outcomes

Companies that use Runtastic

Customer profile

Segments4 records

Ideal customer profiles2 records

Runtastic technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

Feature9 records

Runtastic partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • adidas AGflagshipOEM/ Whitelabel/ Licensing Partner · 1 January 2024Adidas acquired Runtastic for $250 million in January 2024, making Runtastic a brand of adidas AG. The app was rebranded as adidas Running while maintaining the Runtastic brand identity. This acquisition integrated fitness tracking technology into adidas's broader digital sports ecosystem and adiClub loyalty program.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Runtastic competitors and assessment

Company assessment

Emerging players

  • Komoot: Komoot is a route-planning and navigation app for hiking, cycling, and trail running popular in Europe. It overlaps with Runtastic on outdoor activity tracking and route discovery, especially for hiking and cycling.
  • AllTrails: AllTrails is a leading hiking and trail-running discovery and tracking app. It overlaps with Runtastic's hiking/route-tracking use cases and competes for outdoor endurance users willing to pay for premium trail content.
  • Coros Training Hub: Coros Training Hub is the companion app for Coros sports watches, offering structured run training, training plans, and analytics. It competes for the same endurance athlete segment, particularly users who pair apps with dedicated GPS watches.

Broad incumbents

  • Fitbit (Google): Fitbit, owned by Google, offers activity tracking, workout logging, and a subscription premium tier. It overlaps with adidas Running on run/activity tracking and benefits from integration with Google Fit and Pixel devices.
  • Apple Fitness+: Apple Fitness+ is Apple's subscription workout service integrated with Apple Watch. It competes for fitness time and spend, especially among iPhone-using runners, and benefits from Apple's hardware ecosystem lock-in.
  • Samsung Health: Samsung Health is a pre-installed health and activity platform on Samsung Galaxy devices. It competes with Runtastic for Android users' default fitness tracking, especially on Samsung's large global device base.

Direct peers

  • Strava: Strava is the leading GPS-based run and cycling tracking app with a strong social/community layer. It is the most direct competitor to adidas Running, serving the same recreational endurance athletes with similar tracking, challenges, and leaderboard features.
  • Garmin Connect: Garmin Connect is the companion app for Garmin GPS wearables, providing activity tracking, challenges, and analytics. It is a direct competitor for users who track runs via dedicated sport watches rather than smartphones.
  • MapMyRun (Under Armour): MapMyRun is a GPS run-tracking app owned by Under Armour, part of the MapMyFitness suite. It competes directly with Runtastic in activity tracking, route mapping, and training plans within another sportswear brand's ecosystem.
  • Nike Run Club: Nike Run Club is Nike's flagship running app offering GPS tracking, guided runs, and training plans integrated with the Nike ecosystem. It directly parallels adidas Running as a brand-owned running app from adidas's primary global competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

Runtastic social profiles

Digital presence

Runtastic compliance and trust

Trust signal

Compliance7 records

Runtastic financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Runtastic leadership team

Management profile

Number of profiles

Profiles5 records

Runtastic funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Runtastic M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Runtastic

What does Runtastic do?

Runtastic (operating as adidas Running) develops and distributes a GPS-based mobile fitness tracking app for running, walking, hiking, and cycling. The app provides real-time GPS tracking, voice coaching, personalized adaptive training plans, challenges, leaderboards, and LIVE activity broadcasting, with bi-directional synchronization to Apple HealthKit and Google Fit. It is integrated with the adidas adiClub loyalty program, allowing users to earn points for tracked activities that can be redeemed for adidas products, experiences, and vouchers.

Is Runtastic a public or private company?

Runtastic is a private company. It is classified as corporate owned and is currently operating.

When was Runtastic founded?

Runtastic was founded in 2009. It employs 101 to 250 people.

Where is Runtastic based?

Runtastic is headquartered in Pasching, Austria, in the Europe region.

How does Runtastic make money?

Three revenue lines are on record. Premium App Subscriptions are the primary driver. The others are adiClub Points Redemption and data-Enhanced Product Sales.

Who are Runtastic's main competitors?

Emerging players on record are Komoot, AllTrails and Coros Training Hub. Broad incumbents are Fitbit (Google), Apple Fitness+ and Samsung Health. Direct peers are Strava, Garmin Connect, MapMyRun (Under Armour) and Nike Run Club.

Does Runtastic have an API?

No public API is recorded for Runtastic.

What industry is Runtastic in?

Runtastic's product category is Fitness Tracking Mobile App. Its primary akta.pro industry code is HSADAAAM, Online/Remote Personal Training & Programming, with a secondary code of HSADAAAG, Endurance & Running/Cycling Training. Its NAICS code is 71394 and its SIC code is 7997.

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Live signals
Kronen ZeitungRuntastic founder now invests in frozen foodFit2go GmbH, a startup specializing in healthy frozen meals founded by Julian Kolar, has secured a six-figure investment from Runtastic founder Florian Gschwandtner and other investors. The company produces over 20 ready meals in Vienna, which are sold through corporate channels and fitness studios.deutsche-startups.de+++ Bio-Lutions +++ Agrilution +++ M&A-Rekordwachstum +++ Runtastic +++ Bergfreunde +++Bio-Lutions, a Hamburg-based company that developed single-use tableware and packaging from agricultural waste, has filed for insolvency while seeking to find strategic investors. Agrilution, a Munich-based food technology company owned by Miele, is forming a works council amidst criticism from IG Metall regarding company management after its acquisition from insolvency in 2019. Additionally, Runtastic plans to lay off 70 employees at its Pasching location and focus solely on its running app, while Bergfreunde reported a revenue increase of 19% in 2022, reaching 242 million euros.TechCrunchGoogle Play Music teams up with Runtastic to offer new workout playlists, free trialsGoogle has partnered with fitness app Runtastic to integrate Google Play Music-powered workout playlists directly into the Runtastic application across 60 countries. The collaboration allows both Android and iOS users of the fitness app to access free trials for Google Play Music, aiming to boost adoption of the streaming service.Business Insider17 of the hottest European apps for AndroidA list of 17 European Android apps from countries including Sweden, the UK, and the Netherlands highlights popular services like Spotify, Citymapper, and TomTom. The apps range from fitness trackers to messaging, with details on downloads, funding rounds, and acquisitions, such as Spotify's $526 million raise and Adidas's $239 million purchase of Runtastic.GlobeNewswireRUNTASTIC FOCUSES ON PERSONALIZED STRENGTH TRAINING AND NUTRITION WITH NEW RUNTASTIC RESULTS APPRuntastic launched the Results app on iOS and Android, offering personalized 12-week bodyweight training plans with over 120 instructional videos. The app was tested by 293 employees who lost an average of 5.2% body fat. It is available for free download.GlobeNewswireRuntastic Selects QuickLogic's Sensor Hub and SenseMe Algorithm Library for Its New Runtastic Moment WearableQuickLogic announced that Runtastic selected its ArcticLink 3 S2 Sensor Hub and SenseMe Algorithm Library for the Runtastic Moment watch. The watch delivers up to six months of battery life from a low-cost battery, with the sensor hub consuming an average of 75 µW. The watch is available now at Runtastic's online shop and at select retail outlets.Sports Business JournalAdidas Purchases Fitness App Maker Runtastic, Which Counts 70 Million Registered UsersAdidas acquired Austria-based fitness app developer Runtastic for $239 million to expand its digital presence and compete with rivals like Nike and Under Armour. The deal, advised by Deutsche Bank and Allen & Co., grants Adidas access to Runtastic's 70 million users and hardware portfolio. Additionally, Adidas completed the $280 million sale of its Rockport brand to Berkshire Partners and New Balance to refocus on core athletic business.Outside OnlineAdidas Buys RuntasticSports apparel company Adidas has acquired Australian fitness app maker Runtastic for $240 million, gaining access to the startup's 70 million registered users and portfolio of more than 20 fitness and health apps along with fitness tracking devices. The purchase reflects a broader trend among sportswear brands to expand into digital fitness offerings, following Under Armour's $710 million investment in its Connected Fitness platform. The acquisition positions Adidas to compete more directly in the growing digital fitness and wearable technology market.The DrumAdidas acquires fitness app maker Runtastic for $240mAdidas has acquired fitness app maker Runtastic for nearly $240 million to expand its digital capabilities. Founded in 2009 and based in Austria, Runtastic serves approximately 70 million registered users through over 20 apps and associated hardware devices.FortuneAdidas Buys Fitness App-Maker Runtastic to Compete with NikeAdidas Group acquired Austrian fitness app-maker Runtastic for $240 million, buying out German media company Axel Springer's majority stake to become sole owner. Runtastic operates over 20 fitness apps with approximately 70 million users and has offices in San Francisco. The acquisition is intended to help Adidas better compete with Nike in running technology and fitness-tracking, an area where Nike has historically led with products like Nike+ and FuelBand.