Apple acquires 'indoor GPS' company WifiSLAM for $20M
By 
According to a report from the Wall Street Journal, Apple has acquired indoor-GPS company WifiSLAM for $20 Million. According to their website WifiSLAM was founded by former Google coding intern Joseph Huang and works in the following way:
“WifiSLAM allows your smartphone to pinpoint its location in real-time to 2.5m accuracy using only ambient WiFi signals that are already present in buildings.”
While Apple has officially confirmed the purchase at the same time they have declined to comment any further on the matter.
Some readers might remember that this isn’t the first venture into acquiring location based companies, int he past they have taken over several smaller first including among others Placebase, Poly9, and C3 Technologies.
What do you guys think, why did Apple acquire WifiSLAM, do you think they have any future plans, are they going to compete with Google who have recently started integrating indoor maps into their system?
———————-
Source: The Wall Street Journal
Acquisition 
