Apple has acquired Locationary, a "privately held company based in Toronto that specializes in converting and integrating location-based data that can be used in maps," Yahoo reports.
Locationary has received a lot of press since its founder and chief executive, Grant Ritchie,
offered Apple Inc. "some unsolicited advice on how to solve its mapping issues" almost one year ago.
Locationary created Saturn, a data management program that rapidly merges location-based data from multiple sources. The acquisition is said to be linked to Apple Inc.'s desire to improve its mapping application, which has faced increased competition due to Android devices, not to mention mapping issues since it launched on the iPhone 5.
The amount paid for the acquisition has not been released.
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Original Source: Yahoo