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Apple Buys Indoor Location Company

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Mar 23, 2013, 6:39 PM by Eric M. Zeman

Apple has acquired a small company, called WifiSLAM, that provides indoor location services. The company created a way for mobile applications to use Wi-Fi networks to pinpoint the location of any given phone. WifiSLAM offers its technology to application developers. Apple confirmed the acquisition to The Wall Street Journal, but didn't provide any details about the deal. The Journal says Apple paid about $20 million for WifiSLAM, which has a handful of employees, some of whom are former Googlers. Apple buys small companies from time to time.

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