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Apple Buys WiFiSlam For $20M

It has been recently reported that Apple has bought the indoor GPS, WiFiSlam, for $ 20M. 

The report from the Wallstreet Journal stated that Apple paid $20M to acquire WifiSlam. WifiSlam is an indoor GPS which allows your smartphone to point its location (and the location of your friends) in real-time to 2.5m accuracy using only ambient WiFi signals that are already present.

Apple confirmed the news to Macrumors, stating that: 

“The two-year-old startup has developed ways for mobile apps to detect a phone user’s location in a building using Wi-Fi signals. It has been offering the technology to application developers for indoor mapping and new types of retail and social networking apps. The company has a handful of employees, and its co-founders include former Google software engineering intern Joseph Huang.”

Apple’s acquisition of the GPS system is definitely part of the company’s plan to continue building its location capabilities, as it had already acquired C3 Technologies and Poly9 in the previous years to start improving its location services. 
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