Under Armour said it is working with data security firms and law enforcement, but did not provide details on how the hackers got into its network or pulled out the data without getting caught in the act. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories, today announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. Larger hacks include 3 billion Yahoo accounts compromised in a 2013 incident and credentials for more than 412 million users of adult websites run by California-based FriendFinder Networks Inc in 2016, according to breach notification website. Under Armour acquired MyFItnessPal for 475 million in 2015. After two consecutive quarters of losses, the Baltimore-based athletic apparel, accessories and footwear maker logged. MyFitnessPal, which includes exercise and nutrition tracking. It is the largest data breach this year and one of the top five to date, based on the number of records compromised, according to SecurityScorecard. MyFitnessPal will be sold for 345 million to Francisco Partners, plus potential earn-out payments, Under Armour said. 4 min read Under Armour is making a comeback. The company (ticker: UAA) said Friday that it struck a 345 million deal with private-equity firm Francisco Partners for the app.
Under Armour is part of the Sporting & Recreational Equipment Retail industry, and located in Maryland, United States. Social Security numbers, driver license numbers and payment card data were not compromised, it said. Katie Keil has been working as a Chief Marketing Officer (MyFitnessPal) at Under Armour for 2 years. The stolen data includes account user names, email addresses and scrambled passwords for the popular MyFitnessPal mobile app and website, Under Armour said in a statement. The MyFitnessPal app is seen on a smartphone in Golden, Colorado in this Februphoto illustration.
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