Apple Insider 23 March 2013
Apple recently closed a deal worth about $20 million to acquire WifiSLAM, a Silicon Valley firm focused on building technology that affords users positioning data while indoors.
The Wall Street Journal was able to confirm the acquisition with an Apple spokesman, though the company did not give details of the deal or what it plans to do with WifiSLAM’s “indoor GPS” technology.
“[Apple] buys smaller technology companies from time to time,” the spokesman said, declining further comment.
In the report, the publication cited people familiar with the acquisition as saying Apple paid some $20 million in the recently closed deal.
Read more…
