Apple Acquires Indoor GPS Company WifiSLAM

Apple recently acquired Silicon Valley startup, wifiSLAM an indoor GPS apps developing company, reports The Wall Street Journal. Apple has confirmed the acquisition, whereas rejected to give any further details. This acquisition costs Apple about $20 million proving that the war with Google for indoor mobile-location service offering gets heated up. Google already offering indoor mapping in certain locations like airports, shopping centers and sports venues for Android users but not for iPhone users.

WifiSLAM a 2 year old Startup company, offering its technology to app developers for indoor mapping and new types of retail and social networking apps.

An Apple spokesman confirmed the deal saying the company ‘buys smaller technology companies from time to time’ and generally doesn’t discuss its plans. He declined to comment further. WifiSLAM could not immediately be reached for comment.