In order to better serve customers, Apple Inc. (NASDAQ:AAPL) used to make valuable contributions to its products. Recently, it has taken another step to enhance its mapping capabilities by purchasing Coherent Navigation, a Bay Area GPS-related firm originated in 2008 by engineers from Cornell and Stanford. The puchase is anticipated to further improve the company’s location services and technology; however, it has not disclosed the deal details including financial terms.
When originated, the Bay Area global positioning company was a small firm that concentrated on generating commercial navigation services based on joint ventures with companies like Iridium, satellite network operator and Boeing, according to The New York Times report. The firm’s one area of focus was High Integrity GPS (“iGPS”), a system that joins signals from the low-earth satellites of voice with those from the traditional mid-earth orbit GPS satellites and data supplier Iridium to provide greater precision and accuracy, higher signal integrity and greater jam resistance. Iridium introduces iGPS as having the prospective to offer location information exact to within centimeters.
Recently, a number of Coherent’s vital employees have started working for Apple, including co-founders Brett Ledvina and William Bencze as of last month and CEO and tech veteran Paul Lego in January. The firm’s website is also held offline; however, the name servers for the domain were updated on April 30 to identify Apple’s servers.
In a long series of mapping-related purchases that Apple has made over the years, Coherent Navigation is the latest, containing the developers behind Pin Drop, Broadmap, Locationary, Hopstop, WifiSLAM and Embark. Apple is constantly bolstering its mapping services with working to add features like possibly Street View-like imagery and transit information to its services, since a transition away from Google Maps with the launch of iOS 6 in 2012.
The New York Times was provided the standard confirmation statement by the company suggesting that it acquires smaller technology companies and generally do not reveals its plans or purpose.
Apple Inc. (NASDAQ:AAPL)’s stock on 15 May traded at beginning with a price of $129.13 and when day-trade ended the stock finally moved down -0.14% to end at $128.77. Apple Inc. (NASDAQ:AAPL)’s showed weekly performance of 0.90%.
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