“Last September Grant Ritchie, CEO of crowdsourced location data company Locationary, penned an article for TechCrunch describing five challenges Apple faces as it builds out its new mapping service,” John Paczkowski reports for AllThingsD. “Ten months later he’s become part of the effort to overcome them.”
“Apple has acquired the Toronto-based Locationary, a small Canadian startup, backed by Extreme Venture Partners and Plazacorp Ventures,” Paczkowski reports. “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 confirmed the deal.”
Paczkowski reports, “Apple’s plans in this case are fairly obvious: beef up its new mapping service… Locationary is a sort of Wikipedia for local business listings… Not only does Locationary ensure that business listing data is positionally accurate… it ensures that it is temporally accurate as well.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “mks1” for the heads up.]