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Apple acquires WiFiSlam, an indoor GPS mapping startup

Apple acquires indoor GPS mapping startup, WiFiSlam, for $20 million

| Business, Financial & Legal News | Posted: Mar 24, 2013 8:56 am

Apple is still trying to begin to (because they aren't right now) compete with Google and their far superior mapping service, where the Cupertino-based company have just acquired an indoor GPS tracking startup, WiFiSlam.

 

 

The Wall Street Journal has confirmed that Apple have acquired the startup, who specializes in WiFi-assisted indoor GPS functionality for smartphones. What makes this news interesting is that the company was reportedly founded by a few ex-Google staff a couple of years ago, with one of their investors included a Google employee. A stronger confirmation on this is the fact that any WiFiSlam-related apps have been removed from the Google Play Store.

 

TweakTown image news/2/9/29291_01_apple_acquires_wifislam_indoor_gps_mapping_startup.jpg

 

Apple reportedly coughed up $20 million for the startup, but no confirmation on this has materialized. I'm sure we'll see more on this in the future.

NEWS SOURCES
Engadget.com, Appleinsider.com

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