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.