Apple is still plugging away in its efforts to improve its widely panned iOS Maps application and on Monday it paid an estimated $20 million to acquire indoor mapping company WifiSLAM. The Wall Street Journal reports that WifiSLAM “has developed ways for mobile apps to detect a phone user’s location in a building using Wi-Fi signals” and “has been offering the technology to application developers for indoor mapping and new types of retail and social networking apps.” An Apple spokesperson wouldn’t tell the Journal why Apple had acquired the company and only said that it “buys smaller technology companies from time to time.”
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.