Apple Acquires An Indoor-GPS Company WifiSLAM For $20 Million, Giving Edge To Rival Google

Posted on Mar 25 2013 - 9:22am by Editorial Staff

Giving a competitive edge to Google, Apple has acquired an indoor-GPS company name WifiSLAM for around $20 million, reports The Wall Street Journal. Journals’ citing “people familiar with the matter” said that the deal was closed recently.

While the Apple spokesman confirmed the deal and said that Apple does “buys smaller technology companies from time to time” although does not discuss its plan. WifiSLAM is the two-year old startup and will help finding out phone user’s location in building using Wi-Fi signals.

WifiSLAM engaged in building the technology which will help application developers for indoor mapping indulging in totally new types of retail and social networking apps. The move comes on building its arsenal against its rival Google in mapping.

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