Apple Buys Indoor GPS Startup WifiSLAM

view story

http://www.thevarguy.com – Apple (NASDAQ: AAPL) has bought WifiSLAM, a 2-year-old provider of indoor GPS technology and part of Stanford University’s StartX student entrepreneurial program, for some $20 million, according to a report in The Wall Street Journal subsequently confirmed by Apple. What does Apple want with WifiSLAM? Remember last year when Apple’s mapping service bombed, forcing chief executive Tim Cook to publicly apologize for the poor quality of the technology? Yes, Apple has worked and worked on it and improved it, but the vendor is behind on the growing segment of indoor mapping, referred to by some (IT news)