Apple Acquires Locationary to Help Improve Maps

Posted July 19, 2013 at 3:34pm by iClarified | Please help us and submit a translation by clicking here | 5702 views

Apple has acquired Locationary, a Toronto startup backed by Extreme Venture Partners and Plazacorp Ventures, reports AllThingsD.

Multiple sources familiar with the deal tell AllThingsD it closed recently and includes Locationary’s technology and team, both. The price of the acquisition couldn’t immediately be learned.

Apple spokesman Steve Dowling said, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”

Locationary has a product called Saturn which uses a real-time blending technology that can merge data from multiple sources as quickly as you can download it. So using Saturn it's possible to collect, merge and continuously verify a huge amount of information on local businesses and points of interest

Take a look at the video below to learn more about the company.

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YesGoodNick. - July 20, 2013 at 3:26pm
If this involves telling exactly where I am on the maps, then it's already working for me unlesscthis involves places such as restaraunts.
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